Booking Information
Once you have booked your course, the link to the recording will be available
in your "My Account" area.
Please be aware that you will have access to this course for 180 days from
the date of purchase
Online courses cannot be booked on behalf of someone else. Access will only
be granted to the person completing the online order.
Who should attend
This course is was recorded in May 2021 and is suitable for accountants,
lawyers, wealth management advisors and other business professionals who are
involved in wealth management, trusts and tax advice. This course is for
participants from both the Republic of Ireland and the United
Kingdom.
Course overview
Opening Address - Tina Quealy, STEP President
Cross Border Taxation for the Wealthy (Alan Gourley, Grant
Thornton 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 Tina Quealy (STEP, President)
Key Learning outcomes
By the end of this course,participants will be able to:
Understand the key issues impacting cross border succession, including
domicile, a comparison of the certain reliefs available from both a NI and ROI
perspective.
Speaker Bios
Cormac Brennan, Partner, O’Connell Brennan Solicitors -
Cormac specialises in personal estate and tax planning, wills and succession,
trusts (both domestic and international), the administration of estates and
contentious probate and trust issues. Cormac is a member of STEP and a Chartered
Tax Adviser.
Sheena Grattan - Sheena is a former
Senior Lecturer in Property Law at the Queen’s University of Belfast and has
been practising at the Northern Ireland Bar for over 20 years. She specialises
in Succession Law, Elder Law, Trusts and Charities and is currently chair of
STEP Northern Ireland.
Alan Gourley, Tax Director, Grant Thornton (NI) LLP - Alan
is a leading UK Tax adviser with over 30 years’ experience in the profession,
industry and in the public sector and advises High Net Worth Individuals and
their families on all aspects of wealth succession, business succession and
structuring for long-term growth. He is Chairman of the Chartered Accountants
Ireland NI Tax Committee, represents the Institute on the HMRC External
Stakeholder Forum for Wealthy individuals and is a member of the Advocacy and
Representation Board of the Institute.
Alison McHugh, Director, Deloitte - Alison is a private
client tax adviser who has extensive experience in advising high net worth
individuals, family business, private companies and trusts on all aspects of
their tax affairs including gift and inheritance tax planning, income tax,
residency issues, investment holding structures, implementation and unwinding of
corporate and trust structures and governance.
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