The Non-Doms: Living with the UK Rules - Part 2
- Podcast Location:
- Sorry, this podcast has been removed as it is now out of date
- Categories:
-
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)
- Cost:
- a) £69+VAT for this CPDcast only
- b) £325+VAT for unlimited access to all of our podcasts. details »
- c) Discounts for multiple users - call +44 (0) 20 3377 3901 now to speak to our sales team
- Length:
- 30 minutes of audio
(+ optional 5 minute online quiz) - Plays on Computer:
- Yes Downloadable as MP3: Yes
- Contributor(s):
- 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.
- Outcomes:
- 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.
- Level:
- Specialist
- Classification:
-
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
This course has now been removed from the site. It is no longer suitable for CPD purposes as it contains information that is out of date or incorrect. For a list of our latest CPDcasts, please visit the library.
