UK Tax Traps for the Unwary American | American Bar Association (ABA) | 17 August 2021 | Online Event

The United Kingdom and the United States have been famously described as two nations divided by a common language. Nowhere is that more true than in the area of tax, where we often use similar terms with very different meanings.

This presentation will explore some of the most common mistakes American lawyers make when dealing with UK assets and legal structures including:
• The definition of "Resident"
• The definition of "Domicile"
• Fundamentals of the UK inheritance tax
• The funding and taxation of trusts
• The UK taxation of LLCs
• The UK taxation of revocable trusts
• The ABA will seek 1.5 hours of CLE credit in 60-minute s

The American Bar Association
Our mission is to serve equally our members, our profession, and the public by defending liberty and delivering justice as the national representative of the legal profession.
• Serve Our Members
• Advocate for the Profession
• Eliminate Bias & Enhance Diversity
• Advance the Rule of Law

2021 Speakers

Christopher McLemore
Partner, Butler Snow LLP

Sangna Chauhan
Partner, Charles Russell Speechlys LLP

Stephen Woodward
Barrister & CTA, Three Stone, Private Client Tax Specialist

Stephen Liss
Partner, Schiff Hardin LLP

2021 Sponsors

• Section of Real Property
• Trust and Estate Law