Trust Registration Service Under the current framework, a non UK trust is generally required to register on the TRS only in limited circumstances. These include where the trust directly acquires UK land on or after 6 October 2020, incurs a
More about Update on the UK’s Trust Registration Service and Register of Overseas EntitiesWhat is a FIC? Broadly, a FIC is a bespoke private company which is usually set up to hold and invest assets as part of a long-term estate and succession plan. Due to the Inheritance Tax (IHT) restrictions on the
More about Family Investment Companies: a practical tool for long-term wealth planningAt a time when families are understandably focused on safety and stability, it is easy to overlook how quickly UK tax residence can be triggered and how an unplanned return to the UK can have significant tax consequences if not
More about British expatriates returning to the UK from the Gulf: key tax and residency considerationsThe government’s original proposals aimed to address concerns that pensions were increasingly being used as strategic estate planning vehicles, rather than encouraging saving for retirement. However, the proposals raised confusion in the industry as it was not clear whether all
More about From nest egg to tax target: Pension funds will no longer be exempt from IHTThere now follows an eight week technical consultation period closing on 15 September 2025. Subject to any consequential amendments to the draft legislation, the changes to APR and BPR will take effect from 6 April 2026, and will have wide-reaching implications
More about Finance Bill 2025/2026: Government confirms Agricultural Property Relief (APR) and Business Property Relief (BPR) reforms effective from April 2026Please note that this article was published before the non-dom legislation was finalised and brought into force on 6 April 2025. I am a recent arriver in the UK. Will the new non-dom tax regime apply to me? The Chancellor
More about Non-dom reforms: The first four yearsI am a recent arriver in the UK. Will the new exemption regime apply to me? In the 2024 Spring Budget on 6 March 2024, the Chancellor announced that the current remittance rules applying to UK resident, non-domiciled individuals (“non-doms“)
More about Non-dom analysis: The first four yearsThe Economic Crime (Transparency and Enforcement) Act 2022 (“ECA”) introduced a register of overseas entities (“ROE”) and was passed on 15 March 2022 after a fast-tracked legislative process following events in Ukraine. Affected overseas entities and their advisers will need
More about The register of overseas entities and the verification conundrum