Compliance, Legislative & Regulatory Standards
[Webinar] Trust Training Certificate (TTC) - Unit 11: International Tax - Part 1
This is Unit 11 of the training programme in pursuing the “Trust Training Certificate”.
It consists of two modules:
Module 17: Tax with regard to Trusts, Settlors & Beneficiaries
Module 18: Tax with regard to Assets
For the topics to cover, please refer to the content section below.
Tax with regard to Trusts, Settlors & Beneficiaries
Comparisons between UK, USA and China
- General application:
(a) Persons involved (settlor / founder / beneficiaries)
(b) Retention of assets and income without IEPS
(c) Transfer of assets to a trust / foundation
(d) Future income, benefits and assets derived from the structure
- The triggers for taxation
- Domicile of origin
Comparisons between Australia, Canada, France, Singapore, UK and USA
Residence of individuals and the tests:
- Quantitative (183 days)
- Quantitative (over more than one tax year)
- Qualitative (connections with the country)
- Reverse qualitative (connections with another country)
- Mixed qualitative and quantitative
Tax with regard to Assets
Comparisons between Hong Kong, Australia, Canada, UK and USA
- Nature – situs – recipient
- Tax and funds – issues for HK funds
- Tax and retirement schemes in HK
- Exemptions and reliefs:
(a) Nature of assets / property
(c) Business property
(d) Agricultural property
- Recipient – surviving spouse - charities
Who should attend
The course is primarily targeted to those who would like to pursue “Trust Training Certificate” in order to apply for the Hong Kong Trustees’ Association Certified Trust Practitioner™ designation.
It is also relevant to those who would like to gain a solid understanding of the course subject matter.
Financial Incentive Scheme of the WAM Pilot Programme
This is one of the eligible courses / seminars under the Financial Incentive Scheme (“The Scheme”) of the WAM Pilot Programme.
Eligible in-service practitioners of the financial services industry could apply for a reimbursement up to 80% of the course / seminar fees, or a maximum of HK$10,000 per person throughout the period of 1 October 2016 to 31 March 2023 upon satisfactory completion.
Each individual may apply for reimbursement for more than one course / seminar subject to a maximum of HK$10,000 but each course / seminar can only be reimbursed once.
The duly signed application form together with the FIVE supporting documents must be submitted within FOUR months from the last day of the course / seminar attended. Please refer to the WAM Pilot Programme website for more details.
WAM Pilot Programme Special Requirements
If you plan to apply for reimbursement under the Financial Incentive Scheme (FIS), please ensure your device/computer has the camera feature or with webcam installed as you are required to turn on your camera throughout the webinar.
Participants who wish to register into all seven (7) units of Part B stream 1 training sessions, please click here.
Participants who wish to register into all seven (7) units of Part B stream 1 training sessions and examination, please click here.
Participants who wish to register into all seven (7) units of Part B stream 2 training sessions, please click here.