This course will introduce delegates to the area of offshore bonds and examine the main advantages and tax traps associated with them. It will be of use to wealth managers, lawyers and accountants who deal with them in practice.
Delegates will be reminded of the main characteristics of investment bonds and the distinctions between UK and offshore bonds will be explained. Of particular importance is an understanding of the limits that are placed on the investments that can be held in the latter, in order to avoid the nasty anti-avoidance rules covering ‘personal portfolio bonds’.
The tax issues associated with bonds held by trustees will also be covered.
The course material will contain plenty of numerical examples to help explain what are often complex tax rules.