Post Event Updates
Calling the Bluff - Secrets in the Art of Negotiation (31 January 2013, FTSE Room, Capital Tower)
Michael Lee of the International Centre for Dispute Resolution delivered an entertaining video presentation on understanding negotiation techniques by picking up on important giveaway body signals.
Here are some photos from the event:
High Value Residential Property - New Strategies for the New Environment (8 January 2013, Room 801, NTUC Business Centre)
STEP Members were very fortunate to have the opportunity to hear Macfarlanes LLP Partner and Head of Private Client, Jonathan Conder, take us through the new UK laws relating to high value residential properties.
The new laws relate to residential properties valued in excess of GDP2 million, and therefore the law changes will impact many offshore owners of properties in central London in particular, and certainly where those properties are held in "structures".
The law changes impact on (and in some case create) numerous acronyms - some would suggest even more than you would normally encounter when seeking highway directions in Singapore: SDLT (Stamp Duty Land Tax), CGT (Capital Gains Tax), IHT (Inheritance tax), ARPT (Annual Residential Property Tax), RND (Resident Non Domiciled) NRND (Non-Resident Non Domiciled) and DD (Deemed Domicile) to mention but a few.
Jonathan however managed to guide everyone safely through the spaghetti junction of the provisions so that there was an understanding of the issues and situations where further advice should be sought.
The final versions of the new rules had only recently been published, so everyone attending was extremely grateful for Jonathan's detailed and up to the minute overview.
Indeed, many attendees had specific questions that Jonathan stayed back to address upon the conclusion of the seminar.
Contributed by James Aitken - HSBC Trustee (Singapore) Ltd