Thursday, 30 June 2016

Brexit exits – don’t get caught out by the IHT deemed domiciled rules

Brexit uncertainties may be giving fresh impetus to many UK resident non-UK domiciliaries who are thinking about their residency plans.  However, for res non-doms, it’s important not to lose sight of another key tax change now on the horizon – the change in the Inheritance Tax (IHT) deemed domiciled rules.

Thursday, 16 June 2016

Second marriage spouses and Wills: three key bear traps to avoid

Second marriage spouses sometimes have Wills that do not leave their assets to their second spouse outright.  This is particularly the case when there are children from the first marriage and the intention is to ensure that everyone – the second wife and the children from the first marriage – receive something.  For some clients, this can be a hard balancing trick to get right but careless will drafting can make the situation a lot worse.

Thursday, 2 June 2016

Corporate beneficial ownership registers – where are we now?

In my last blog, I looked at automatic exchange of information regimes and this blog carries on the transparency theme but in the sphere of corporate transparency.

Britain is ‘having a transparency moment’, as some might say.  Regular readers of this blog will know that Britain has already introduced a public register of beneficial ownership and control of UK companies and Limited Liability Partnerships (see my blog of 24 March 2016), being the first of the G20 countries to do so.  However, it appears that matters will not stop there.