FATCA was originally enacted in 2010 and was scheduled to take effect in January this year. This date was later postponed until January 2014 and now it had been pushed back yet further to 1 July 2014.
About Gill Steel
Tel: 01962 776442
Gill is a compelling seminar and conference speaker both in house and at public events with a strong gift for making Wills, Probate, Trusts and Tax practical, engaging, authoritative and informative. For Private Client Practitioners & Team Leaders Gill offers off-the-shelf & bespoke training for individuals, organisations and local and national professional bodies.
Author Archive | Gill Steel
Life can turn on a flip of a coin. Heads up; tails down. Well, my coin fell tails down on 13 January 2014. As part of a treatment for a newly diagnosed condition I had a massive adverse reaction to the drugs prescribed and my life flipped out of control.
The Ministry of Justice is consulting on increasing Court Fees including the cost of applying for probate – see https://consult.justice.gov.uk/digital-communications/court-fees-proposals-for-reform/consult_view.
The start of a new year is usually a time of reflection and anticipation. Somehow this year I have not been as conscious of the media encouraging us to make and keep New Year resolutions. Perhaps we have all been too busy keeping our homes and offices dry amongst the gales, rain and flooding, which, depending on your point of view, may or may not be the result of global warming.
The aim of this book is to assist personal financial planning by summarising the tax treatment of pensions up to the Finance Bill 2013, the law being stated as at 1 July 2013. Writing any textbook on pensions must be a challenge since the law has been altered in every Finance Act since the simplification changes in 2004!
This book aims to provide practical guidance to tax practitioners of all levels on the new Statutory Residence Test (SRT) as it appears in ss. 218 & 219 and Schedules 45 and 46 Finance Act 2013 together with HMRC’s Guidance notes which first appeared in December 2012 and were then updated in May 2013.
Over several years of helping law firms with technical matters I have seen different asset protection schemes mostly sold to people worried about the costs of care. Some might work but the costs and inappropriateness in many cases outweigh any possible advantage in my opinion.
Join Philip Evans in asking the Law Commission to review the law relating to Wills & testamentary capacity
It is vital that practitioners support Philip Evans, of Graham & Rosen Solicitors in Hull, in asking the Law Commission to include in its 12th programme of law reform the law relating to Wills and testamentary capacity. The Consultation ends on 31 October 2013.
Tax law has a habit of changing and certainly in the 20 or so years since Nil Rate Band Discretionary Trusts (NRB DT) were popular it has changed for income tax as well as IHT purposes.
There are three main occasions when IHT may be charged on relevant property trusts; The entry charge levied when an individual settles assets in a trust. Tax is charged at a rate of 20% on the chargeable value of the assets transferred into trust in excess of the IHT nil-rate band. The 10 year periodic charge levied on each tenth anniversary from when it was set up. This can be up to 6% of the chargeable value of the property in the trust. An exit charge applied when assets are transferred out of a trust, or the trust comes to an end.
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“I and eight of my team viewed the [Reduced Rate of IHT] video this morning and were very impressed, not only with Gill’s presentation and the helpful add-ons but with the complicated nature of the subject matter! ”
I and eight of my team viewed the [Reduced Rate of IHT] video this morning and were very impressed, not only with Gill's presentation and the helpful add-ons but with the complicated nature of the subject matter! Clearly it is going to be quite difficult to 'market' this option to clients but the material provided is most useful.Richard Crocker, Head of Private Client Dept, Taylor Walton LLP
The lecture was well received by all who attended, there was so much to take in, but Gill, as always, presented it in a way which makes it easier to grasp. Her notes are also most comprehensive and helpful.Chris Howard, on behalf of STEP Suffolk & North Essex
Gill Steel is clearly the answer for those of use who enjoy a straightforward, concise approach to training!Jenny Watson, Boyes Turner
Gill's ability to explain clearly complex issues helped me learn more about the subjectZoe Dale, Thomson & Bancks
Gill has been presenting CPD seminars for us for some years and is one of our most popular Private Client speakers. Her knowledge of the issues and background law combined with practical aspects and case studies always provide lively, informative and thought-provoking sessionsSue Seakens, Chief Executive, Surrey Law Society