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Northern Society of Chartered Accountants

At the heart of northern business since 1882

Making Sense of Trusts –Tax and Tax Planning–a back to basics course!

Date: 29 March 2017 09:30 -12:30

Type: Course, Tax

Organiser: Tyne and Wear

Many accountants have a fear of trusts. This is not unnatural as they can appear complex. Accordingly they and their clients can miss out on some really useful structures to help protect family wealth and that can achieve tax efficiencies. This is even more important as HMRC clamps down on many areas of tax planning.

This course is a “back to basics” course on Trusts. Clearly delegates need to know a bit about tax but no knowledge about trusts will be assumed as the course is aimed at demystifying the subject matter leaving delegates confident in advising the clients about trusts.

Content will include:

  •  Definition of a trust
  •  Types of trust
  •  Relevant trust law including role and duties of the trustees
  •  Overview of the taxation of trusts
  •  Taxation of trust income and gains
  •  Completion of basic trust tax returns
  •  Payments to beneficiaries
  •  Basic calculation of trust IHT and how it is being “simplified”
  •  Why you should use trusts – a few simple examples
  •  The use of alternative structures instead of trusts to achieve similar results
  •  Thinking “outside the box” to achieve results

Unfortunately, whilst the taxation of Scottish Trusts is similar to that of English and Welsh ones, the trust law of Scotland is very different and cannot be covered as well in just a half day course.

This course is specifically designed to meet the needs of general practitioners. A good working knowledge of the tax system is needed but little or no knowledge of the law or taxation of trusts is assumed.

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Newcastle Gateshead Marriott Hotel Metro Centre

Metro Centre
NE11 9XF

Tel No: 0191 493 2233


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.