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