Joint STEP & Chartered accountants Ireland conference: UK & ROI estate planning. 13 May 2021
The conference will cover:
Opening Address - Tima Quealy, STEP Chair
Cross Border Taxation for the Wealthy - Alan Gourley, Grant Thornton (NI) and Alison McHugh, Deloitte
- Overview of Irish and UK inheritance tax regime to include a perspective around Irish Revenue and HMRC's High Wealth Individual's unit and what the speakers are encountering in this area.
- Business Property Relief - From both an Irish and UK perspective, as well as a focus on the key differences.
- Case studies - six case studies to illustrate the interaction of Irish and UK estate taxes where individuals have assets across jurisdictions.
Domicile and Estate Planning for Clients with Cross Border NI/ROI Issues - Cormac Brennan, O'Connell Brennan Solicitors and Sheena Grattan, Barrister of Law, Northern Ireland
- Outline of the legal concept of domicile with a focus on estate planning for clients with cross border NI/ROI issues, including the application of the conflict of law rules, and addressing the following matters:
- Where is my client domiciled, and in what circumstances could their domicile status change or be in doubt?
- What are the objective indicators of domicile?
- What laws apply to my client's assets on their death - where should they make their Will(s)?
- Why is domicile important for an estate planning analysis - what turns on a client's domicile?
- What are the common pitfalls around domicile in a NI/ROI estate planning context?
- What planning is specific to a NI/ROI case?
- Some typical worked examples of common NI/ROI estate planning.
Closing Remarks - Joseph Carroll (Head of Professional Development, Chartered Accountants Ireland) and Tima Quealy (STEP Chair)