Articles & Video
Donald Trump & The International Tax Payer: What Can we Expect?
For many the election of Donald Trump as president was a huge surprise, but perhaps less remarked upon and yet not any less of a surprise was the Republican party’s ability to capture control of both houses of congress. Although President Trump can propose and veto legislation, ultimately it is congress which decides on the detail of legislation, and it is likely that it will be the ability of Republicans to control congress which may have the largest long term impact.
FATCA - Where are we now?
Given various unexpected results over the last 18 months (general election, following Brexit and trump as surprise votes), I have abandoned any attempts to predict what the future may hold.
This equally applies to the future of the Foreign Account Tax Compliance Act (FATCA) There is certainly a ground swell for the complete repeal of FATCA but is that likely and what would that mean in the context of the global acceptance of the Common Reporting Standard (CRS)? In fact, the Administration of President Trump has been somewhat silent on this point.
Tax Planning for Ownership of US Real Estate
ax rules governing US property ownership are insufferably complex and can have different implications for residents and non-residents. In this article, we outline some key considerations for prospective and existing US property owners.
You may be looking to buy a holiday home near Disneyland or have your eye on a potentially lucrative real estate investment opportunity. Either way, tax planning can be a minefield and throw up all kinds of challenges.
What might be considered a sensible move from an income tax or capital gains tax planning perspective, can present unwanted results from an estate or gift tax perspective and vice versa.
ATED CGT & NRCGT: FAQs
In anticipation of the inheritance tax changes, which the Government has confirmed will come into force in April 2017, many individuals and advisers are looking at bringing UK residential property holding structures to an end.
The reason for getting UK residential property out of such structures (de-enveloping) is that corporate structures will no longer provide any inheritance tax protection for UK residential property once the changes come into force. This could leave clients in a "worst of all worlds" situation where:
How To Be Art Smart: Tips For Trustees
How to be art smart: We set out a brief summary of the various pitfalls trustees should be aware of when dealing within the art market…
Trust in Private Banking & Wealth Management: A HNWI Private Client Perspective
The major antecedents of the HNWI’s trust in a private client banking relationship is the dependability, reliability, integrity and responsiveness of the Private Banker (
No Such Thing As A Simple Life For Trustees
While various government initiatives are focused on making tax compliance easier, life is becoming much more complicated for trustees. While professional trustees should be well placed to keep up-to-date with legislative changes, lay trustees could be at a real disadvantage.
Wealth Planning For The Multinational Family
Multinational families are often challenged by a wide range of complex tax and reporting rules, including the Foreign Account Compliance Tax Act (FATCA) and the Common Reporting Standards (CRS).
Family Offices, Captives, Trusts and Bermuda
Bermuda is now the world’s leading offshore captive domicile with approximately 900 captives together holding assets exceeding $85 billion.
Insurance Trusts: A New Means Of Wealth Management
With the rapid development of the Chinese economy, private wealth has gradually increased. Numerous financing products have become available to high-net-worth individuals in order to meet their wealth management needs. One of the most popular of these is the insurance trust
Defending the Indefensible!
Since the abolition of exchange controls in 1979, money can move anywhere in the world. It is hardly surprising therefore that it finds its way to places where it is taxed the least – offshore financial centres
ATED changes for 2016
From 1 April 2016, properties worth over £500,000 will be brought into the scope of ATED. However, it is worth remembering that the relevant valuation date is generally 1 April 2012 (or the date of acquisition if later). For the chargeable period beginning 1 April 2016, the annual chargeable amount for the new band will be £3,500.