Meeting/Seminar

Trustee Loans - Avoiding UK Tax Pitfalls

Hosted by
STEP Jersey
Event type
Meeting/Seminar
Venue
Pomme d'Or Hotel
Address
Liberation Square
St Helier
JE1 3UF
Country
Jersey
Date
18 January 2018
Time
15.15-17.00
Description

Over the last two years, the UK has introduced numerous provisions intended to counter tax-avoidance. Many of these can be triggered by loans to individuals, other trusts and connected entities and trustees must be aware of the possible pitfalls and steps they can take to avoid unintended consequences. 

The talk will cover:

  • How loans to individuals, other trusts and connected entities impact on trustees’ obligations in relation to the new UK trust register, including a general update on HMRC’s interpretation of how the register rules should be applied
  • How the onward gift rules, which will be introduced in April 2018 and will apply UK tax to certain payments from trusts to non-UK resident and UK resident beneficiaries, will affect trustee loans
  • Other key points for trustees lending directly or indirectly to UK residents, including treatment of collateral for debts and tainting of trusts established by UK deemed domiciled individuals.

 Speaker

  • Alex Ruffel (Irwin Mitchell LLP)

Chair

  • Naomi Rive (Highvern Trustees)

Sponsors

  • Carey Olsen
  • Savills
  • Smith & Williamson
  • Standard Chartered Private Bank
  • Stephenson Harwood
  • Vistra
CPD
1
Cost:
STEP Members - £70
STEP Students - £50
Non-members - £90
Contact
Louise Farrugia
Contact phone
01534 876513
Contact email
step@stepjersey.org
Details
PDF icon Trustee Loans - Avoiding UK Tax Pitfalls (PDF 1.28MB)
PDF icon Event Slides (PDF 896KB)
Add to Calendar trustee-loans-avoiding-uk-tax-pitfalls 18/01/2018 15.15 18/01/2018 17.00 Pomme d'Or Hotel, Liberation Square, St Helier, JE1 3UF STEP Jersey Trustee Loans - Avoiding UK Tax Pitfalls Over the last two years, the UK has introduced numerous provisions intended to counter tax-avoidance. Many of these can be triggered by loans to individuals, other trusts and connected entities and trustees must be aware of the possible pitfalls and steps they can take to avoid unintended consequences.  The talk will cover: Hosted by: STEP Jersey. Contact: Louise Farrugia. Contact phone: 01534 876513. Contact email: step@stepjersey.org Book online