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The UK Domiciled Tax Regime course

ABOUT THE COURSES

The training has been developed in collaboration with leading legal expertise provider BRP Tax SA and teaches the skills needed to ensure compliance with the UK regulations, guidelines and directives, as well as cross-border rules.

 

The UK tax system is quite complex and the online course places the emphasis on the crucial distinction of whether a resident is domiciled in the UK or not. For financial professionals dealing with UK residents, up-to-date knowledge of the UK Domiciled Tax Regime is vital to conduct their business in a compliant manner, provide sound advice and act in the best interest of their clients.

The online training is structured in six chapters and provides a detailed overview of the UK Domiciled Tax Regime, covering the following aspects:

  1. Tax principles of UK tax law with reference to Her Majesty's Revenue and Customs (HMRC) and Statutory Residence Test (SRT), including the different aspects of tax residency and tax domicile
     

  2. Taxation of income, such as capital gains, dividends, and other income, including definitions and formulas for deductible fees and losses of Deeply Discounted Securities (DDS) and Excluded Indexed Security (EIS)
     

  3. Inheritance Tax (IHT), gift tax and other specific taxes
     

  4. Anti-avoidance rules in the framework of the European Anti-Tax Avoidance Directive (ATAD) and domestic legislation
     

  5. Structured investment strategies, including life insurance bonds, trusts, family and charitable foundations, and self-invested personal pension schemes (SIPP)
     

  6. Taxation of financial products, such as structured products and investment funds, with a distinction between different sources of income and product types

TIME
TARGET AUDIENCE
PREREQUISITES

Approximately
40 minutes.

Front office, compliance,

central file, risk and legal professionals.

None

ASSESSMENT

A formal assessment consisting of 10 questions with a passing grade of 80% forms part of this course.

CERTIFICATION

Upon completion, participants will earn a certificate.

LANGUAGE

English