This Presentation is from Panel discussion on protecting, planning & giving - tips & trends session at the Global Wealth Management Conclave 2014 organised by India Inc - http://www.indiaincorporated.com- on April 7, 2014

1. Protecting, Planning & Giving - Tips & Trends
In association withOrganised by
www.indiaincorporated.com @indiaincorp
7th April, 2014

2. Succession Planning and inheritance tax

3. Inheritance Tax (IHT) - Your exposure
• Are you aware of your current exposure to IHT?
• The impact of domicileon UK IHT
• Types of assets and interactionwith IHT
• Reducing the value of your estate
• Annual gift allowances
• Gifts from income
• Trust ownership - Protecting assets during lifetime and after death
UK Tax Planning for Indian Individuals
Page 3

4. UK INHERITANCE TAX (IHT) - UK/INDIA
CAPITAL TAXES TREATY PROTECTION:
• UK domiciled individuals subject to UK IHT on worldwide assets. Non-UK domiciled
individuals only subject to UK IHT on UK sited assets.
• Beware - individuals tax resident in the UK for 17 out of the previous 20 tax years
are deemed to be domiciled in the UK.
• UK/India treaty planning can avoid UK IHT on overseas assets by overriding the
deemed domicile rule.
• Need to consider:
• UK deemed domicile position
• Domicile position in both UK and India
• Situs of assets, governing law and need for overseas Will
• Watch actions which might deny treaty protection, e.g. lifetime transfers, failed gifts

5. Managing Succession – the family
business
• Family business – The make up of a family business
• The future of your business
• The options available for the future
• The challenges within the business and the family
UK Tax Planning for Indian Individuals
Page 5

6. Trusts - Passing wealth with protection
• Types of trust – Discretionary and Interest in Possession
• Onshore or offshore
• Who can benefit from trusts
• How you can use them in conjunction with your assets and the family
business
• Protection from future family grievances or dispute
UK Tax Planning for Indian Individuals
Page 6

7. In association withOrganised by
www.indiaincorporated.com @indiaincorp

8. Protecting, Planning and Giving –
Tips & Trends
Rupert Pleasant, Managing Director
Praxis Group, Geneva

9. Trends
• Multi jurisdictional families
• Handover of family businesses
• Increased international transparency
• Traditional safe havens under scrutiny
• Uncertain economic markets

10. Concerns
• Inheritance planning
• Asset protection
• Consolidation of assets
• Confidentiality
• Sovereign risk
• Tax mitigation

11. Popular Solutions
• Family Offices
• Private Trust Companies
• Multi-Jurisdictional Structures
• Property Ownership Structures

12. Praxis
• Established in 1983
• Owned entirely by senior
management team
• Completely independent
• Around 100 staff
• Assets under administration
exceed $15 billion
• Offices in Geneva, Guernsey
Malta, Luxembourg
• Representatives in Dubai and South Africa
Guernsey Luxembourg
Geneva
Malta
Cape Town
Dubai

13. In association withOrganised by
www.indiaincorporated.com @indiaincorp

14. Family Disputes with
International Features
Resolution in the English Family Justice
System
Andrew Bagchi
Barrister

15. DIVORCE: HABITUAL RESIDENCE OF FOREIGN
NATIONALS
• Why the English Court ?
• Speed;
• Enforceability – UK and other assets
• Generosity.

16. PRENUPS: THE CHANGING LANDSCAPE
• The world after Radmacher;
• The essential ingredients;
• - full disclosure;
• - legal advice;
• Overall justice.

17. FOREIGN DIVORCE: FINANCIAL REMEDY IN
ENGLAND
• When will the English court assist ?
• How much ?

18. CHILDREN: RELOCATION ABROAD
• Children habitually resident in England;
• Welfare of the child;
• Sufficiency of plans
• Adequacy of contact;
• Motivation of outgoing parent.
• Mirror orders.

19. CHILDREN: TRANSNATIONAL CONTACT
DISPUTES
• Habitual residence of child;
• PR
• New concepts in resolving disputes
• Enforceability of orders abroad.

20. In association with
Media Partners
Organised by
Supporting Partner Supporting
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om