Podcast Location:
Download it here [file size: 18.5 MB]
Tax & Planning
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:

This podcast is aimed at those advising on trust issues. It aims to set out the current state of the law and official guidance on the application of the residence rules for trustees. Following widespread concern that UK residence trustees have been put at a disadvantage by the current regime, this podcast also aims to assist practitioners help keep their clients within the framework and outside of the UK tax net.

After completing the course you will:
  • Understand the importance of the residence status of a trust;
  • Know the relevant taxes for the purposes of residence status;
  • Know about the background to the changes to the trustee residence rules;
  • Understand the impact of the changes in the trustee residence rules;
  • Know about the deemed trustee residence rules and what complications can arise from their application;
  • Be aware of the guidance from HMRC and the professional bodies and how useful it is;
  • Understand the difference between core activities and preparatory or ancillary activities carried on in the UK offices of offshore corporate trustees;
  • Know what is meant by a permanent establishment;
  • Know how to spot a dependant agent permanent establishment;
  • Be aware of the practical steps for trustees to keep them within the rules.
Complex Difficulty: 4 of 5
Legal Principles
Practical Guide
Sources and References:

Does it matter where your trustees are resident? This podcast reviews the changes made to the rules governing trustee residence in 2006, what impact they have had on trusts and trust professionals and whether the official agreed guidance between HMRC and the professional bodies is any use.

Podcast added: 26/06/11

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