Private Client Tax Overview

Overview

The committee is concerned not only with what the law is but how it might develop in:

  • Inheritance rights and succession rules
  • Will making 
  • Lifetime giving 
  • Trusts 
  • Creditor claims against trusts and estates 
  • Regulatory compliance affecting trusts, including the tracing of proceeds of crime 
  • Charities, foundations and not-for-profit organisations 
  • Taxation of capital transfers and income; tax treaties 
  • Property rights of spouses and co-habitees 
  • Conflict of law rules

These matters are studied not only in the context of a sole jurisdiction but also with cross-border and multi-jurisdictional implications.

Members of the committee enjoy the following benefits:

  • Enhanced knowledge of one's own jurisdiction
  • Greatly enhanced expertise in solving problematic cross-border and multijurisdictional client issues 
  • Unrivalled global networking possibilities and access to leading experts worldwide 
  • A valuable tool for all trust and estate practitioners and an indispensable tool for international practitioners

The Private Client Tax committee includes practitioners from a broad range of civil and common-law jurisdictions. The panels and the annual specialist conference organised by the committee focus on international planning and comparative law issues relevant to any practitioner involved in private client work. The issues regularly debated include:

  • Individual tax in cross-border contexts, including the taxation of investment income, investment or other structures including trusts, and inheritance and estate tax;
  • The use of trusts as planning and protection tools, conflicts of laws; 
  • International successions, wills, probate;
  • Asset protection/investment structures in common-law and civil law jurisdictions.

The committee regularly organises joint sessions with its sister committee (Taxes) within the Taxation Section of the IBA, and with other related committees in other sections of the IBA.

Additionally, the Private Client Tax Committee works with the following committee to form the Taxation Section: