Private Client Tax Specialisation
The Society has recently approved a new Specialist Accreditation of Private Client Tax Practitioners. The Society is conscious of the large numbers of practitioners who are to a greater or lesser degree involved in Private Client Tax advice, including all who are involved in Trusts, Wills and Executries. The Accredited Specialists will be expected to have both detailed and strategic level knowledge and experience showing exceptional understanding and practical application of all of Income Tax, Capital Gains Tax and Inheritance Tax, as well as the relevant elements of Stamp Duty Land Tax, as these various taxes affect individuals, Trusts and Estates. An Accredited Specialist will be expected also to have a sound understanding of the principles of other taxes which may interact with personal taxes, including corporation tax on family companies and Value Added Tax on estates and farms. In addition, there may be Tax issues of residence and domicile, employment, investment and pensions, as well as the heritage property exemptions.
A Panel has been established to consider applications which are now invited from appropriate practitioners. The Panel acknowledges that Accredited Specialists may have more detailed knowledge and experience in some Tax areas than others, but successful applicants will be expected to be able to recognise the strategic issues of all relevant taxes. Accredited Specialists will be able to provide consultancy support for practitioners, including specialists who practice for example in Trusts, Family Law or Agriculture.
The Specialist Application Form, Reference Forms and Guidance Notes can be downloaded from the menu to the right of your screen, and can be completed using the Typewriter Tool. The form is standard for all applications for accreditation as a specialist in whatever discipline. As well as the detailed information on the form itself, two referees must be nominated.
The Panel look forward to applications from those who feel they are suitably qualified.
Bill Pagan, Panel Convener
