Ruth Higgins
Partner at Gerrard L. McGowan Solicitors
Tax and the Practitioner: Where Does the Onus Lie? 2022 Webinar
Chaired by Ruth Higgins, Partner with Gerrard L. McGowan Solicitors based in North County Dublin practising in the area of Private Client and advises on Capital Taxes, Wills, Probate, Trust and Estate planning.
150
Online / On-demand
3 General CPD hours
About this course
Legal practitioners advising on transactions are required to deal with many tax aspects, and advise clients on where the liability lies. In many cases the onus is on a practitioner to arrange for tax returns to be filed and taxes to be paid as part of the transaction and this can present particular challenges.
This seminar will look at the key taxes arising in common transactions and the steps required to complete the tax compliance and deal with the tax liability so that clients are safeguarded insofar as possible and the tax file can be closed. The seminar will examine the Revenue’s new clearance procedures for estates and how solicitors can protect their own firms from liability for taxes.
Course Syllabus
Conveyancing: Dealing with NPPR, LCT & Charges
- Valuing property and LPT returns
- Property ID and LPT Pins
- LPT Exemptions
- Dealing with LPT on sale – the problem cases
- Selling on behalf of a personal representative
- Dealing with any outstanding NPPR
Conveyancing: Dealing with CGT for a Non-Resident Vendor
- What information should be held on the file to establish when a client is non-resident?
- What is Revenue’s approach to PPR and the non-resident vendor?
- What secondary liability attaches to a solicitor acting for a non-resident vendor?
- What is the current state of play in relation to Letters of No Audit for non-resident cases
- What is the residence position when the vendor is a personal representative?
Trusts: Dealing with Returns
- What needs to be sent to Revenue to deal with the CRBOT (Central Register of Beneficial Ownership of Trusts) obligations?
- What other return need to be filed when a trust is constituted
Probate: Dealing with Returns
- What taxes is a personal representative liable for, and what time limits apply?
- How does the new tax clearance procedure for estates operate in practice?
- What are the key aspects of the Form SA2, in terms of review by Revenue?
- What is the extent of the due diligence process to be undertaken by personal representatives?
- What pitfalls can arise in the course of the due diligence process?
- Dealing with CAT for non-residents
- What is the current process for solicitors who are preparing the probate file to make distributions?
