Some key highlights of legal updates affecting the Private Client industry over the past month are as follows. Tax policy – Autumn Budget On 29 July, Chancellor Rachel Reeves delivered a fiscal update to Parliament in which she announced that
More about Private Client Legal Update – August 2024Some key highlights of legal updates affecting the Private Client industry over the past month are as follows. Tax – new tax year changes The tax changes to note that came into effect for the new tax year 2024/25 are
More about Private Client Legal Update – April 2024What was announced by the Chancellor in the Spring Budget on 6 March 2024 were wide-ranging reforms to the UK’s tax regime for non-UK domiciled (“non-dom“) individuals (“non-dom regime“). This article provides an overview of the measures announced; for a
More about Non-dom analysis: Overview of reformsI am UK resident but non-UK domiciled (“RND″) and have been in the UK for longer than ten years. Should I stay or should I go? Income and capital gains RNDs who have been resident in the UK longer than
More about Non-dom analysis: UK leaversA round-up of legal updates for the Wills and probate industry over the past month is as follows. Estate administration – change to the legal definition of “treasure” The government has announced that the legal definition of “treasure” in the
More about Wills and Probate Monthly Update – March 2023The 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 conundrumThe UK’s Trust Register legislation[1] (“the AML Regulations“) came into force on 26 June 2017 and established a central UK Trust Register, maintained by HM Revenue & Customs (“HMRC“). The Trust Register is not publicly searchable but it is available
More about The UK Trust Register: A moving feast