Course Detail(TAX307v : Insights to Tax Incentives on Funds by Family Offices: Section 130 & 13U (Live Webinar))
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UTAP Funding

TAX307v : Insights to Tax Incentives on Funds by Family Offices: Section 130 & 13U (Live Webinar) NEW

3.50 CPE Hours (Others)
Live Webinar

Programme Objective

This course is designed for wealth managers, tax advisors, family office professionals, and high-net-worth individuals interested in understanding and applying the Section 13O and 13U Family Office Tax Incentives in Singapore. This course aims to:
 
  1. Explain the key features and benefits of the Section 13O and 13U Family Office Tax Incentives in Singapore.
  2. Assess eligibility requirements for both incentive schemes, including family office structure, investment activities, and qualifying talent.
  3. Identify and understand the compliance obligations associated with claiming the incentives.
Develop a practical framework for applying for and managing the Section 13O and 13U Family Office Tax Incentives.

Programme Outline

Introduction to Family Office Tax Incentives
  • Overview of S13O and S13U tax incentive schemes
  • Importance of family offices in Singapore's asset and wealth management industry
  • Key features and objectives of each incentive scheme.

Eligibility Criteria and Requirements
  • Minimum AUM requirements
  • Investment professionals
  • Qualifications for investment professionals
  • Spending and capital deployment requirements

Tiered Spending and Capital Deployment
  • Tiered spending framework
  • Local business spending minimums
  • Capital deployment guidelines:
  • Eligible investments
  • Blended finance structures for sustainable development

Compliance and Reporting
  • Annual declarations
  • Private banking account requirements
  • Philanthropy Tax Incentive Scheme for Family Offices

Practical Application and Q&A
  • Strategies for meeting requirements
  • Sharing insights and best practices
  • Addressing participant queries

Training Methodology

Lecture style, with Practical Application and Q&A session

Closing Date for Registration
1 week before programme or until full enrolment.

Intended For

Family office principals and executives, wealth managers, investment advisors, and tax advisors

Competency Mapping

Others = 3.50 Hours

Schedule & Fees
Date & Time

09 Jul 2024 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 183.12
For Non-Members: $ 218.00

Programme Facilitator(s)

Ms Joanna Cheong

Venue

Live Webinar in or outside of
Singapore

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)

NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2025.

*Unfunded course fee refers to the balance course fee payable after applicable government subsidies. This excludes material fees, registration fees, misc. fees etc.

This course is approved for UTAP support for intakes conducted between 08 February 2024 – 31 March 2025.

As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

  • Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
  • Course by training provider must be supported under UTAP and training must commence within the supported period and;
  • Unfunded course fee must not be fully sponsored by company or other types of funding
  • Unfunded course fee must be S$20.00 and above, and;
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
  • UTAP application must be made within 6 months after course ends.

For more information on UTAP Funding and to submit for UTAP claims, please visit https://www.ntuc.org.sg/uportal/programmes/union-training-assistance-programme. Terms and conditions apply.

Programme Facilitator(s)


Ms Joanna Cheong
CA (Singapore), FCCA, ATA, ATP, ACTA

Joanna has experience in tax compliance, advisory, training and transfer pricing projects. She had completed Advanced Tax Programme (Executive Programme Level III) organized by the Tax Academy of Singapore in 2017 and attained competency in Advanced Certificate in Training Assessment (ACTA) awarded by the Singapore Workforce Skills Qualifications (WSQ) in 2019.

She is also an adjunct lecturer teaching Singapore Taxation modules for ACCA and Singapore Chartered Accountant Qualification programs.
 
Joanna was formerly the Head of Academic & Strategic Partnership of Kaplan Learning Institute before moving onto full-time tax practice. She led and managed the academic team to achieve academic standards and was also a member of the Examination Board.
 
Despite working full time as a Tax Partner at an accounting firm, she enjoys imparting her knowledge in taxation during her spare hours.
 

Programme Objective

This course is designed for wealth managers, tax advisors, family office professionals, and high-net-worth individuals interested in understanding and applying the Section 13O and 13U Family Office Tax Incentives in Singapore. This course aims to:
 
  1. Explain the key features and benefits of the Section 13O and 13U Family Office Tax Incentives in Singapore.
  2. Assess eligibility requirements for both incentive schemes, including family office structure, investment activities, and qualifying talent.
  3. Identify and understand the compliance obligations associated with claiming the incentives.
Develop a practical framework for applying for and managing the Section 13O and 13U Family Office Tax Incentives.

Programme Outline

Introduction to Family Office Tax Incentives
  • Overview of S13O and S13U tax incentive schemes
  • Importance of family offices in Singapore's asset and wealth management industry
  • Key features and objectives of each incentive scheme.

Eligibility Criteria and Requirements
  • Minimum AUM requirements
  • Investment professionals
  • Qualifications for investment professionals
  • Spending and capital deployment requirements

Tiered Spending and Capital Deployment
  • Tiered spending framework
  • Local business spending minimums
  • Capital deployment guidelines:
  • Eligible investments
  • Blended finance structures for sustainable development

Compliance and Reporting
  • Annual declarations
  • Private banking account requirements
  • Philanthropy Tax Incentive Scheme for Family Offices

Practical Application and Q&A
  • Strategies for meeting requirements
  • Sharing insights and best practices
  • Addressing participant queries

Training Methodology

Lecture style, with Practical Application and Q&A session

Closing Date for Registration
1 week before programme or until full enrolment.

Intended For

Family office principals and executives, wealth managers, investment advisors, and tax advisors

Competency Mapping

Others = 3.50 Hours

Programme Facilitator(s)

Ms Joanna Cheong
CA (Singapore), FCCA, ATA, ATP, ACTA

Joanna has experience in tax compliance, advisory, training and transfer pricing projects. She had completed Advanced Tax Programme (Executive Programme Level III) organized by the Tax Academy of Singapore in 2017 and attained competency in Advanced Certificate in Training Assessment (ACTA) awarded by the Singapore Workforce Skills Qualifications (WSQ) in 2019.

She is also an adjunct lecturer teaching Singapore Taxation modules for ACCA and Singapore Chartered Accountant Qualification programs.
 
Joanna was formerly the Head of Academic & Strategic Partnership of Kaplan Learning Institute before moving onto full-time tax practice. She led and managed the academic team to achieve academic standards and was also a member of the Examination Board.
 
Despite working full time as a Tax Partner at an accounting firm, she enjoys imparting her knowledge in taxation during her spare hours.
 

Upcoming Schedule

Date & Time

09 Jul 2024 (9:00 AM - 12:30 PM)
Fee (inclusive of GST)

For Members: $ 183.12
For Non-Members: $ 218.00

Programme Facilitator(s)

Ms Joanna Cheong

Venue

Live Webinar in or outside of
Singapore


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