The Private Client Conference at Scots Law 2023

We are delighted to be returning to BT Murrayfield for the next in our Scots Law 2023 Conference Series, exclusively available to delegates in person on the day.

As modern private clients require ever increasing levels of sophisticated advice, our annual conference, chaired by Anderson Strathern's Martin Campbell, will focus on some of the most important areas where all advisors need to retain or acquire a keen understanding.  

An expert panel of speakers will join Martin, including Mark McKeown from Turcan Connell, Roddy MacLeod of Terra Firma Chambers, Sarah-Jane Macdonald from Gillespie Macandrew, Simon Barber of Title Research , Victoria Simpson from Anderson Strathern and Tom O'Brien of RBC Brewin Dolphin.

This event is sponsored by Title Research

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Questions to be considered will include:

• what are the most important contentious executry issues currently troubling the courts?
• what are the most appropriate ownership options when advising clients on tax, succession and asset protection planning?
• where does trust compliance stands as of 2023?
• what are the tax implications of philanthropic giving?
• what will the impact be of the Charities (Regulation and Administration) (Scotland) Act 2023 on the charity sector in Scotland?
• how can genealogy ensure a risk free distribution?
• what are some of the lesser used reliefs that are available by using Agricultural Property Relief and Business Property Relief?

What's being covered?

A kaleidoscope of contentious executry issues

In this extremely comprehensive session the procedure relating to and practical issues with actions of accounting will be considered. Difficulties with wills including requirements of writing, meaning and effect, interplay and revocation and rectification will also be discussed and recent cases relating to title to sue and to be sued will be examined.

Roddy MacLeod, Terra Firma Chambers

Keeping it in the family – ownership planning options

It is important to consider the most appropriate ownership options when advising our clients on tax, succession and asset protection planning. Family investment companies or family partnerships may now provide an attractive alternative to the more traditional use of outright gifts and trusts. The talk will contrast and compare the use of various ownership options including their potential benefits and the tax implications arising both on set-up and during their lifetime.

Martin Campbell, Anderson Strathern

Trust compliance - the 2023 edition  

This session will provide an update on where trust compliance stands as of 2023, with an update on the Trust Registration Service and changes to HMRC’s guidelines, an overview of the AML regulations in force from 1 April 2023 and the new discrepancy reporting with HMRC, and an update on where we are with the Register of Controlling Interests in Land.

Sarah-Jane Macdonald, Gillespie Macandrew

Understanding the tax implications of philanthropic giving

The wish to promote the welfare of others, through the generous donation of assets to good causes, can often have a complex web of tax implications behind it. As private client advisers, we need to be alive to the technical aspects of what can seem, to clients, a straightforward act of generosity. This session will cover giving in lifetime (gift aid; share aid; gifts of land; aspects of corporate giving and the establishment of charitable foundations), and on death (Will drafting and Inheritance Tax consequences of leaving assets to charity).

Mark McKeown, Turcan Connell

Scottish charity law update - our new Act  

After a long wait, the Charities (Regulation and Administration) (Scotland) Act 2023 finally received Royal Assent on 9 August 2023. This session will look at the key provisions of the Act, the changes it makes and the impact it will have upon the charity sector in Scotland.

Victoria Simpson, Anderson Strathern

A challenging executry – how genealogy ensured a risk free distribution

This session will consider the differences between UK and overseas research; how what can be done affects the risk profile for insurance; the meddling beneficiary; how we prove we have the right person; and the importance of documentary evidence.

Simon Barber, Title Research

Alternative planning options

The session will cover some of the lesser used reliefs that are available by using Agricultural Property Relief and Business Property Relief. With a variety of different options within the space we will explore some of the considerations and client examples where they can be implemented in order to minimise inheritance tax liabilities as well as access different investment opportunities.

Tom O’Brien, RBC Brewin Dolphin