Podcast Location:
Download it here [file size: 19.3 MB]
Tax Law
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

  • FREE
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Course Aims:

Continue the in-depth analysis of the new remittance regime introduced by the Finance Act 2008. The new approach to 'Source-ceasing' and other loopholes which have been closed by the new regime are also explored. Temporary non-residence provisions have also changed and this podcast aims to fully explore these new provisions, as well as the new scheme for valuing assets for remittance purposes.

After completing the course you will:
  • Know how the rules regarding remittance have been changed by the Finance Act 2008;
  • Understand what is meant by 'source-ceasing';
  • Be alive to the new meaning of temporary residence;
  • Understand who is a 'relevant person' under the new rules;
  • Distinguish between 'gift recipients' and recipients under the 'connected operations' provisions;
  • Know the new process for calculating the value of assets for the purpose of remittance;
  • Understand how mixed funds are treated by the new regime.
Specialist Difficulty: 5 of 5
Legislative Updates
Practical Guide
Sources and References:
  • Finance Act 2008.

In part 2 of this two-part series on the new tax rules as they apply to non-domiciled individuals, Hui Ling McCarthy explains in detail the new remittance regime as it affects offshore income, trusts and companies. The concept of a 'relevant person' has been dramatically adjusted, and several of the old loopholes in the law have been closed. In addition, the means used to calculate the value of a remittance have been dramatically altered, with severe consequence for tax planning before April 2009. This is explained with the help of useful examples and commentary.

Podcast Added: 20/02/2009

Start this CPDcast Activity

© CPDcast.com