STEP UK Annual Tax Conference 2020

Due to the current circumstances, the popular UK Annual Tax Conference this year will not run across four UK-wide locations as originally planned. We are pleased to announce, however, that we will be running the event as a virtual conference. Taking place on 26 June 2020, the Virtual STEP UK Annual Tax Conference will bring you the same programme you would have experienced at the live event, with seven leading industry experts covering the latest UK tax developments.

Making use of a leading virtual event platform, the sessions will run across the day, with the speakers available to answer questions during each presentation. State-of-the-art functionality will enable you to download presentation notes and supporting materials, network with other delegates, and interact with exhibitors. If a full day of presentations will not work for you, the various sessions will be available afterwards to watch at your own pace, at a time that works for you.

See further information from STEP regarding COVID-19

Packed with quality content, this conference provides essential guidance on the current and future developments in tax. See agenda below.

8:45 - Registration and networking

8:45 - Registration and networking

9:00 - An IHT update

• Post budget update
• Barclays Wealth case and legislation on excluded property settlements
• Charity definition after Routier case – the IHT implications
• Case law update including Staveley and what to do about home loan schemes
• Lifetime planning especially the home in the light of Reservation of Benefit (ROB), Disclosure of Tax Avoidance Schemes (DOTAS) and General Anti-Abuse Rule (GAAR)
• The Office of Tax Simplification (OTS) and All Party Parliamentary Group (APPG) Reports and likely future changes

Emma Chamberlain OBE TEP, Barrister Pump Court Tax Chambers

Kindly sponsored by St. James's Place Private Clients

10:00 - Virtual break and exhibition

10:00 - Virtual break and exhibition

10:15 - CGT main residence relief

• Statutory changes in FB 2020
• Recent cases
• What is meant by “residence”?
• Relief for trustees/PRs

Robert Jamieson MA FCA CTA (Fellow) TEP, Mercer & Hole

11:10 - Virtual break and exhibition

11:10 - Virtual break and exhibition

11:25 - Business and agriculture property update

• The Gill case
• The scope of Brander and differences between the IHT/CGT conditions
• What is partnership property?
• Farming diversification

John Barnett TEP, Burges Salmon LLP

12:15 - Virtual lunch break and St. James's Place Private Clients technical webinar

12:15 - Virtual lunch break and St. James's Place Private Clients technical webinar

13:15 - Dealing with HMRC in practice

• HMRC powers – FA 2020 update
• Recent tribunal cases
• Offshore data – responding to HMRC
• Penalties & Time limits
• Recovery of overpaid tax

Dawn Register TEP, BDO LLP

13:55 - Virtual break and exhibition

13:55 - Virtual break and exhibition

14:10 - IHT calculations

• Chargeable lifetime gifts
• Settlements (especially ten-year charges)
• When is grossing up necessary?
• Benham and Ratcliffe

Katherine Bullock TEP, Field Court Tax Chambers

14:50 - Virtual break and exhibition

14:50 - Virtual break and exhibition

15:05 - Pensions and lump sum IHT plans - an update

• Pension Transfers and IHT – an update following the Staverley decision in the Supreme Court
• Pros/cons/comparison of death benefits being paid via
• Flexi access drawdown or
• By-pass trusts
• Consideration of the relevant tax issues and the protection of funds on divorce or insolvency
• The ten-year periodic charge and its impact on Loan Trusts and Discounted Gift Trusts (DGT) – dealing with the valuation issues
• A round up of possible DGT/Loan Trusts problems (e.g. early death of settlor) with suggestions on ways to plan to avoid them

John Woolley TEP, Technical Connection

16:05 - Virtual break and exhibition

16:05 - Virtual break and exhibition

16:20 - Using family investment companies

• Use since the 2006 IHT changes in the taxation of settlements
• Structure and funding
• Income tax treatment
• Asset protection and wealth transfer

Deborah Clark TEP, Mills & Reeve

17:30 - Conference close

17:30 - Conference close

Sponsors

Premium

St. James’s Place Private Clients supports a nationwide Partnership of qualified advisers deliver a broad range of bespoke financial planning and investment advice to their high net worth clients. Clients include private individuals, families, business, charities and trusts. Being part of award winning St. James’s Place Wealth Management, who are custodians of more than £117bn of client assets, St. James’s Place Private Clients has a presence throughout the UK with a number of its technicians holding qualifications from STEP.

Exhibitor