EY Webcast: The UK Temporary Repatriation Facility

Join our Wealth Briefing Webcast: The UK Temporary Repatriation Facility - Opportunities and Pitfalls when supporting your clients. The end of the UK tax year came quickly for everyone involved, but no sooner had it ended than we saw a small number of clients and their advisors rushing to use the Temporary Remittance Facility (TRF). The TRF is certainly a critical tool for many formerly non-domiciled individuals who have remained UK resident (former non-doms) in managing their UK tax profile. But beneath its apparent simplicity lie subtle strategic considerations to bear in mind when speaking to your clients, and implementation can be fraught with pitfalls. With some former non-doms already considering TRF, and the updated guidance out, wealth managers need to ensure that they have a very firm grip on what they can and cannot offer clients.

Patrick Fitzgerald and Quentin Huybens from EY Switzerland, will be joined by our UK colleagues: Martin Portnoy and Stuart McArdle who will deep-dive into the practical realities of implementing the TRF effectively, and much more. Ensuring the TRF is used optimally also requires an effective account segregation process. Martin and Stuart will share their experience working with both financial service providers as well as private individuals to put such processes in place.

You will come away with:
- Concrete frameworks for evaluating whether the TRF benefits specific client profiles
- An understanding of how to identify qualifying funds and to implement effective account segregation for TRF
- Critical pitfalls to avoid, particularly around the designation of mixed funds
- Risks when breaching the strict qualifying conditions for TRF capital accounts
- Considerations how the TRF capital account may fit into the existing account segregation process
- Insights from real-world implementations with both financial institutions and private clients

If the timing does not work for you, please register and you will receive the recorded replay for you to watch at your own convenience

Additional information:

•  This event will be held in English