Blog
What is your duty to co-operate with your regulator?
Zoe Beels
10 November 2016
Absolute Discretion - the right to be unreasonable?
Many modern trusts are fully discretionary. The trustees might be empowered to apply the trust assets “...for such one or more of the beneficiaries, in such shares, at such ages, and on such trusts as my trustees shall, in their absolute and uncontrolled discretion, decide".
24 October 2016
Ten reasons not to give away the family home
Today there are over 11 million people in the UK aged over 65, and nearly 80% own their own home. Unfortunately, giving away the family home (whether outright or into trust) tends to be a pretty bad idea for a number of reasons…
7 September 2016
HMRC publish details of new Worldwide Disclosure Facility
The Worldwide Disclosure Facility (WDF) opened on 5 September 2016 and gives people a final chance to come forward and clear up their tax affairs before HMRC begins to receive information under the OECD’s Common Reporting Standard (CRS) in 2017.
2 September 2016
Tax: a successful flip-flop
In this blog, we outline the tax implications of Bowring v HMRC, which concerned a scheme to reduce CGT on capital payments by a trust.
26 August 2016
The Great British tax off: how to bake a non-dom solution from HMRC’s latest ingredients
We recently outlined the proposed changes to the non-UK domicile (non-dom) tax regime following the publication on 19 August 2016 of HMRC’s latest consultation document. The consultation makes it clear that there will be a window of opportunity for individuals who will become deemed domiciled in April 2017 to plan for these changes, albeit a short one. We have outlined our initial thoughts on what the planning opportunities may be.