STEP Annual 2018 Conferences Prove A Success In The Industry

The ever-popular annual conferences hosted by The Society of Trust and Estate Practitioners (STEP) were once again a triumph amongst their members for providing key industry updates.

STEP’s main events in 2018 kicked off with the UK Annual Tax Conference with dates in spring time across the country. The annual event focused on the effect of recent legislation changes (such as those affecting non-doms and stamp taxes) and the many recent cases (including significant tribunal decisions on BPR). Over 600 delegates attended, with London claiming nearly 300 delegates on the day.

STEP members (and non-members) heard all about the following topics on the day:

· Settlements – tips and traps

· Agricultural Property Relief (APR) & Business Property Relief (BPR)

· Stamp Duty Land Tax (SDLT)/Land & Buildings Transaction Tax (LBTT)

· Disclosure of Tax Avoidance Schemes

· An update on entrepreneurs’ relief/ Using venture capital reliefs

· Domicile and its consequences

Delegates were engaged in all aspects of the conference but particularly enjoyed the topics on settlements, APR and BPR. Speakers such as Chris Whitehouse TEP, a barrister at 5 Stone Buildings and John Barnett TEP, who heads up Burges Salmon LLP’s 40 lawyer strong Tax and Private Client Team proved to be popular amongst attendees.

The second key event in STEP’s calendar was their UK Tax, Trusts and Estates Conference which took place in September/October across 4 venues, namely, Manchester, York, Bristol and London. This event updated all STEP members and practitioners working in tax, trusts and estates. Proving just as popular, over 600 delegates visited the conference with London capturing a chunk of attendees with nearly 300 attending.

The main topics were packed full of information and included:

· Tax update

· Lifetime giving: tips and traps

· Trust and estate regulation and administration

· Elder law and Court of Protection (COP)

· The international dimension

· Succession strategies for owner managers and dealing with shareholder disputes

This conference had an attentive audience on all topics but attendees showed particular interest in the tax update and lifetime giving subjects. Members also enjoyed listening to Chris Whitehouse TEP, a barrister at 5 Stone Buildings and Professional Development Consultant at the University of Law, Professor Lesley King.

Both events received excellent feedback with delegates saying the conference was ‘packed full of information on a wide range of relevant issues’ with ‘excellent quality of speakers’ and presented in a ‘polished, professional, supportive and informative manner’. While one delegate who attended their first STEP conference said ‘I could ditch all other training throughout the year to focus on STEP events only – absolutely fantastic. Thank you’.

Both STEP conferences have been taking place for a number of years and will continue to be key dates in members’ diaries for years to come as they provide valuable updates on a wide range of relevant issues within the Wills and Probate industry.

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