Overview

This is Module 3 of the Henley Family Office Program (HFOP). The first part of the eCourse discusses tax-related considerations for the family office investment structure with focus on corporate taxes. It also introduces the concept of taxation for family members. The second part drills into the factors that influence the personal taxation of family members.

This module is a 3-hour (approx. study time) course and is eligible for 1.5 SFC CPT/PWMA OPT hours.

Check out the other modules in the Program:

• Module 1 - Overview of the Family Offices & Foundations of a Successful Family Office
• Module 2 - Succession & Estate Planning
• Module 4 - Structuring and Set-up - Designing the Family Office
• Module 5 - Governance
• Module 6 - Portfolio Management
• Module 7 - Operations, Technology & Administration
• Module 8 - The Private Bank Relationship
• Module 9 - Non-Financial Services
• Module 10 - Human Resources Management
• Module 11 - Philanthropy, Foundations & Impact Investing
• Module 12 - Risk Planning & Crisis Management

Objective

By the end of this module, you will be able to:
- Describe structuring considerations
- List the tax considerations for family members
- Tell the factors that influence the personal taxation of family members

Content

Part 1 - Pre-reading materials
(i) Useful definition
(ii) Video explaining BEPS
(iii) US Tax Transfer Pricing For Family Offices
(iv) Economic Substance Laws
(v) The difference between domicile and residence

Part 2 - Presentation Slides of the eCourses

Part 3a - Tax Considerations - The Investment Platform*
(i) Introduction
(ii) Section 1: Setting the Scene
(iii) Section 2: Structuring Considerations
(iv) Section 3: Tax Considerations for Family Members
(v) Conclusion

Part 3b - Tax Considerations - The Family Members*
(i) Introduction
(ii) Section 1: Inputs to Decision Making
(iii) Section 2: Tax Considerations for Family Members
(iv) Section 3: International Aspects
(v) Conclusion

Part 4 - Quiz*
The quiz consists of 15 questions where learners have 3 attempts to achieve at least 80% with correct answers as a pass.

Part 5 - Post-reading materials
(i) Is Your Chosen Vehicle Fit for Purpose
(ii) Keeping up with crypto: the tax implications
(iii) OECD BEPS Action Plan – Moving from talk to action
(iv) Model Tax Convention on Income and on Capital: Condensed Version
(v) OECD Rules Governing Residence
(vi) Deloitte Country Guides
(vii) European Union
(viii) HM Revenue and Customs: International Tax Manual: Foreign entity classification for UK tax purposes
(ix) United States Inland Revenue Service: Income Tax Treaties

* mandatory parts to complete

Who should attend

(1) Professionals who are keen to succeed in the world of family office management
(2) Individuals who want to set up their own family office
(3) Practitioners who wish to take their career to the next level or looking for a role in the industry