Inheritance Tax and Succession Planning Workshop
Zoom Meeting
Thu 07 Nov
The London Tube strikes are off but we will continue to run this event online.
The October Budget outlined significant changes regarding pensions, indicating that they may cease to be an effective tool for succession planning starting in April 2027. It's important to understand who will be affected by this change and what the implications will be. Additionally, the long-anticipated abolition of the non-domicile (non-dom) regime will take effect from April 2025. This raises questions about the impact on protected trusts, the remittance of foreign income and gains, and whether some individuals may benefit from the new regulations.
The Budget announced that Business Property Relief will be reduced by half starting in April 2026. What impact will this have on succession planning? Coming on top of a 1.2% increase in NIC for employers, will the Chancellor's hopes for economic growth be jeopardized if businesses are targeted to fund the NHS and schools? Furthermore, how will this situation affect entrepreneurs, particularly with an anticipated increase in capital gains tax on the potential sale of their businesses, while inheritance tax rates remain unchanged?
Join Roy Saunders from IFS and Chair of IBSA, along with Liz Palmer from Howard Kennedy, Philip Baker KC from Field Court Tax Chambers, and Lucy Greenwood from the International Family Law Group, for an online workshop on Thursday, November 7.
This session will cover the impact of recent revelations and a decade of "national renewal" on various issues, including inheritance tax and other non-tax aspects of succession planning. The afternoon workshop will focus on the ongoing relevance of offshore trusts, the potential increased interest in Foundations in the UK, and residence planning related to the countries discussed in the IBSA summer podcast series, as well as address other significant issues to help families navigate the complexities of estate management.
A myriad of questions arising from the Budget will be discussed at our workshop and ‘clinic’, where delegates ask their own questions relevant for their particular circumstances, or those of their clients, through the Zoom chat function.
The workshop fee is £300 plus VAT reduced to £150 plus VAT for IBSA members.
Zoom login details will be sent out prior to the event so please make sure to download the Zoom app here before joining the meeting.
A certificate of attendance will be available providing 3 hours towards your professional development.
This workshop is a must for entrepreneurs who may be involved in some of the issues discussed, as well as professional advisers engaged in advising these entrepreneurs, and especially for their younger colleagues who can gain experience of what clients are looking for when discussing their business ambitions.
Speakers
Roy Saunders
Founder and Chairman, IBSA
Since qualifying as a Chartered Accountant in 1967, Roy Saunders has accumulated a wealth of commercial experience working independently in commercial property, international tax, advertising and other industries. He is the Chairman of IFS, a boutique international tax practice based in central London. Academically, he is known throughout the world for his many books and publications, the foremost being his red book, International Tax Systems & Planning Techniques published by Sweet & Maxwell. Roy has also taught an MA Course on International Taxation at the Institute of Advanced Legal Studies at the University of London.
Roy is very proud of the fascinating client base of entrepreneurial individuals that he has built up at IFS. He feels strongly about the role that ethical tax structuring plays in the growth of an economy, and that this needs to be better understood by the public at large. Roy founded the IBSA to enable business professionals around the world to discover new business relationships and promote best practice by creating sustainable business structures compliant with international transparency, corporate governance and social responsibility.
Liz Palmer
Partner, Head of Private Client and Family, Howard Kennedy
Liz advises a variety of clients about the establishment and structuring of trusts for the effective devolution of family wealth and tax mitigation. She has particular expertise acting for non-UK resident/domiciled individuals and specialises in the creation of off shore trusts and complex asset structuring for high net worth individuals.
Liz deals with all forms of inheritance tax and capital gains tax planning and also advises on wills and estate planning particularly for clients with interests and connections with the USA.
Liz is dual qualified being a solicitor and Chartered Tax Adviser (member of Chartered Institute of Taxation).
Lucy Greenwood
Partner, International Family Law Group
Lucy Greenwood is a Partner at iFLG. Lucy has a very broad depth of experience and knowledge in resolving family issues having specialised exclusively in the field of family law for the last 18 years.
For further information about Lucy, visit the iFLG website
Philip Baker KC, OBE
Field Court Tax Chambers
Philip Baker KC joined Chambers in 1987, having been a full-time lecturer in law at London University from 1979 until then. He has maintained some links with academia, and is now a Senior Visiting Fellow at the Institute of Advanced Legal Studies, University of London. He took silk in 2002.
He specialises primarily in international aspects of taxation, which covers both corporate and private client matters. He has a particular interest in taxation and the European Convention on Human Rights, and is the author of a book on Double Taxation Conventions. He has appeared in cases before courts and tribunals at virtually every level from the Special Commissioners (now the Tax Tribunal) to the House of Lords, Privy Council and European Court of Justice.
He is a former member of the Council of the Chartered Institute of Taxation, and remains a member of several committees of the CIOT and of the International Tax Sub-Committee of the Law Society. He is a member of the UK Committee of the International Fiscal Association and a member of the Permanent Scientific Committee of IFA.
He is married with twin sons and a younger daughter. His children are now too old for bedtime stories, but his ambition is to get home each night in time to prise them away from various screens and get them to bed.
In 1997 he was awarded an OBE for work with Chinese political refugees in the UK.
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