Personal tax / Trusts
The Lawyer
Hastings-Bass: life after death in the offshore world? download
In March 2011 our Jersey office reported on the death of ‘Hastings-Bass’ in the UK as a remedy for trustee ‘mistakes’.
China Bulletin — April 2013 weblink
The April 2013 issue of King & Wood Mallesons’ China Bulletin is available now.
Taxation
Taxation is one of Dacheng’s traditional fields of expertise and one that the law firm is particularly adept at handling in today’s ever-changing and complex commercial environment.
Antitrust and national security review
Antitrust is a newly emerging legal practice area in China and Dacheng stands at the cutting edge of this field.
The Cayman Islands firewall legislation: does it need further fireproofing? download
Could Cayman’s firewall legislation stand up to challenges similar to those seen, for example, in Jersey. Are its provisions fit to face up to the current realities of the offshore trusts industry?
Taylor Wessing appoints Sanjvee Shah to its private client practice
Taylor Wessing has announced the addition of a lateral hire to its private client practice. Sanjvee Shah is set to join the firm on 7 May 2013.
Mourant Ozannes schedules International Trusts & Private Client Conference 2013 weblink
Mourant Ozannes’ third annual International Trusts & Private Client Conference will be held on 4 October 2013 in the Cayman Islands.
Appleby announces partner promotions and counsel appointments
Appleby has announced the promotion of three lawyers to the partnership and the appointment of five lawyers to the position of counsel.
Mills & Reeve announces six new internal partner appointments
Mills & Reeve has announced six new internal partner appointments, which will take effect from 1 June 2013.
Private tax, probate and trusts
We can sensitively guide you on how to pass on your wealth in a protective manner and how to efficiently manage the administration of an estate or an existing trust.
Offshore PC&T developments in the Cayman Islands and BVI in 2012 download
Appleby’s Carlos de Serpa Pimentel has provided an overview of offshore PC&T developments in the Cayman Islands and BVI in 2012.
Guide to Guernsey foundations download
This guide is intended to provide basic information needed to answer questions on Guernsey foundations and the migration of foreign law foundations to Guernsey.
Mourant Ozannes forum focuses on trends in the Jersey high-net-worth sector
Mourant Ozannes recently hosted a forum dedicated to international trusts and private wealth management in Jersey.
Comparison of trust laws: Bermuda, British Virgin Islands and Cayman Islands download
Conyers Dill & Pearman has compared the trust laws in Bermuda, the British Virgin Islands and the Cayman Islands.
Guide to trust takeover/reconstruction transactions in Australia download
A guide to takeover and reconstruction transactions involving an Australian listed trust.
Keeping it in the family download
A number of high-profile English cases have recently shone the spotlight upon the treatment of inherited property in divorce proceedings.
Tax — recent news highlights download
The Serbian government has decided to further amend the law on personal income tax and the law on property tax.
Taylor Wessing sets out summary of UK Budget 2013 download
Taylor Wessing has set out a summary of some of the main announcements of the 2013 Budget.
Chambers Global 2013 — DLA Piper full ranking summary download
DLA Piper has released a summary of all of the firm’s rankings and editorial commentary in Chambers Global 2013.
New taxes hit UK residential property download
In the Budget, the Chancellor stuck to his promise to come down like a “tonne of bricks” on wealthy individuals who are seen as not paying their fair share of SDLT by buying valuable residential property in corporate vehicles and eventually selling the shares in those corporate vehicles free of SDLT.
Tax: recent news highlights — August 2012 download
An overview of developments in tax law in Montenegro and Serbia.
Tax: recent news highlights — October 2012 download
An overview of developments in tax law in Serbia.
Inheritance tax update download
The Treasury has announced that the Nil Rate Band of £325,000 — the current amount of an estate that can be inherited tax free — is to remain the same until 2019 and will not increase in line with inflation.
Tax law
Our Tax Law practice assists national and multinational corporations, industrialists and financial institutions, fund promoters, sponsors and investors in private equity and real-estate transactions.
Competition and antitrust law
We assist our clients in securing approvals from the competent regulating authorities for mergers, acquisitions and joint ventures.
The European Antitrust Review 2013 — Finland Overview download
An extract from the European Antitrust Review 2013 — A Global Competition Review special report.
Trusts and estates
The Curtis trusts and estates team structures the affairs of its US and international clients to achieve their wealth preservation objectives.
Private funds
Chadbourne & Parke’s lawyers provide entrepreneurial, pragmatic and proactive advice to the firm’s private funds clients.
Wealth management
Mayer Brown offers a world-class range of tax, estate, business planning and charitable advisory services.
Private client and trusts
Appleby’s Private Client & Trusts group provides trust services to high-net-worth individuals, families, international private banks and trust companies. We advise on all aspects of trust law, including the establishment, restructuring and winding up of private, charitable, purpose and commercial trusts.
Draft Finance Bill 2013: Implications for high-value UK residential property download
The publication last month of the draft clauses to be included in the Finance Bill 2013 due to come into force this April confirmed the measures proposed for the taxation of high value residential property in the 2012 Budget.
International trusts and private client
Mourant Ozannes’ International Trusts & Private Client practice group (ITPC) is led from the firm’s London office by former barrister and international trusts litigation specialist Douglas Close.
Residential property taxation: Introducing the new Annual Residential Property Tax and extended Capital Gains Tax rules for ‘non-natural persons’ download
The Finance Bill 2013 was published on 11 December, along with the Government’s much awaited response to their consultation on “Ensuring the fair taxation of residential property transactions”.
Restraint orders in Guernsey have no extra-territorial effect download
King v HM Procureur decision strikes down extra-territorial effect of Guernsey restrain orders.
A New Regime for UK Residential Property Ownership download
The long awaited draft Finance Bill for 2013 has finally been published, providing further information as to the way UK residential properties valued at over £2 million will be taxed from April 2013.
Trustees may still be penalised in costs even where the court blesses their decisions: Y Trust [2011] JRC 135 download
Trustees may still be penalised in costs even where the court blesses their decisions.
Community Infrastructure Levy: key facts download
Community Infrastructure Levy (“CIL”) is a form of tax levied by a local planning authority or public body e.g. the Mayor of London, (a “charging authority”) on commencement of development of land.
Gifts out of surplus income download
Most people will know that they are entitled to give £3,000 in any one year (or £6,000 if they have not made a gift in the previous year) without there being any inheritance tax implications.
Addressing UBTI concerns in capital call subscription credit facilities download
An introduction to the tax laws surrounding capital call subscription credit facilities.
Tax briefing: Non-residents investing in UK property download
UK property investment can be highly attractive for overseas investors.
Government announces capital gains tax savings for new employee-owners download
On 8 October 2012, the Chancellor of the Exchequer announced plans for the introduction of a new form of employment relationship – the “employee-owner”.
Swiss residents taxed on a lump sum: France hardens its tone download
A number of foreign residents living in Switzerland benefit from an advantageous tax regime called régime du forfait, an attractive alternative to the tax based on the real income of the taxpayer.
French draft budget for 2013 download
On 28 September 2012, the French government released its much-awaited draft budget for 2013, which, unsurprisingly, contains significant tax increases, targeting wealthy individuals and large businesses.
Foreign Account Tax Compliance Act in 2010 download
The world of international taxation becomes more transparent with every passing year.
Former Dewey partners gear up for tax bill battle
Former partners of Dewey & LeBoeuf’s London base are attempting to minimise their financial blow from the US firm’s collapse by using its 2012 losses to slash their tax bill.
Error alert
Professional trustees can no longer rely on the Hastings-Bass principle as a cure-all for their mistakes. Michael Alden and Sue Savill report
Giving to the full
Changes to the Government’s policy on philanthropy are in the spotlight as the Big Society agenda takes shape, say Christopher Groves and Alana Lowe-Petraske
Remains of the pay
A recent pension law upgrade could be a game-changer in terms of advising clients on how their wealth is transferred. By Julie Hutchison
