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Northern Society of Chartered Accountants

At the heart of northern business since 1882

Capital Tax planning

Date: 15 April 2021 09:30 - 12:30

Type: Course, Tax

Organiser: Tyne and Wear

Northern Society of Chartered Accountants www.norsca.co.uk

An essential update for accountants involved in the provision of advice to clients particularly in the area of estate planning, successions in OMBs.

Following the March 2021 Budget, we will know whether the Chancellor was able to introduce his “Great Reform Budget” to “simplify” Capital Taxes. In this case, the course will deal with these changes. If the economy has not recovered sufficiently to allow these reforms yet, we will need to look as we come out of Covid and Brexit, how our clients need to restructure estates and succession planning to take advantage of the old rules whilst there is time.

Course information

The Budget on 3 March was not the “Great Reform Budget” of Capital Taxes that was widely feared. However, we now know the huge damage done to the public finances by the pandemic. We also know that there is a clamour to restructure the funding of “social welfare” which the Chancellor has not been able to address. We also know that there will be an Autumn Budget. This course will consider the planning that your clients would be wise to consider over the summer before the Autumn could bring radical change.

The content will be highly dependent upon developments in the run up to the course and full details will be made available nearer the time.


  • Principal Private Residence relief costs around £28 Billion and the Finance Act 2020 contained many “oven ready” measures to curtail this but these just scratch the surface so clearly, this must be an ongoing area of reform. Will there be more?
  • Capital tax planning must always run alongside pensions planning so changes to either will have consequences on planning for the other!
  • The Budget is likely to contain many of the “simplification measures” proposed in the OTS reports published in July 2019 into IHT and in November 2020 and February 2021 into “simplifying CGT by design” and may even adopt some of the radical the APPG report of early 2020 (which floated the possibility of the abolition of IHT and the effective reintroduction of CTT).
  • These measures could fundamentally change the way we do both life time and will planning as measures such as the abolition of the uplift on death for CGT where BPR/APR are available are easily legislated for.
  • The course will look at “vanilla” planning which your clients may wish to consider as a result.
  •  It will also look at the lessons learnt from the Spring 2020 Budget changes to Entrepreneurs Relief (now Business Asset Disposal Relief) as to what planning is acceptable and what is unlikely to be OK.
Rate Cost
ICAEW Member £90.00 + VAT
Non-Member £90.00 + VAT
Retired Member £45.00 + VAT
Career Break Member £45.00 + VAT

Northern Society is offering delegates a 1/3rd off all of its live webinars up to 30 August 2021.


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Virtual with digital delivery


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Bob Trunchion

Bob Trunchion

Bob qualified in the audit department of a big four firm, and soon after moved to their Corporation Tax Department. His move to MacIntyre Hudson in 1985 has rounded off his knowledge so that he is well versed in all aspects of tax.

As well as advising clients on a consultancy basis, he is deeply involved in tax training, Bob has appeared on national radio and television talking about IHT.

He has a wide range of tax knowledge and lectures on a range of subjects including the tax implications of buying and selling companies, capital taxes planning, trusts and share valuation work. Bob is also a specialist in a number of industries or niches such as farmers and the medical profession.

How to book

The easiest way to book is online by clicking the button to Book Online at icaew.com – you will be able to log into your account at icaew.com and pay with your debit or credit card.

You can also telephone the ICAEW central events booking team on 01908 248159 and pay over the phone.

Alternatively you can download a booking form or book by email.