This article explores how Zakat, as a core charitable obligation in Islam, interacts with UK tax rules, trusts and modern wealth planning structures. While Zakat has clear religious principles, requiring a 2.5% annual contribution from qualifying wealth, its treatment under
More about Partner and Senior Manager author article on Zakat, trusts and UK taxThe article explores new research showing a significant slowdown in the number of wealthy individuals relocating their tax residence, following a period of heightened movement driven by political and fiscal change. In particular, the UK experienced a sharp decline in
More about Senior Partner quoted in the Financial Times on global wealth mobility trendsWedlake Bell’s Restructuring and Insolvency team has been featured in The Lawyer, exploring the breadth of its work, the team’s continued growth and the evolving market landscape. The article also discusses the role that restructuring and insolvency plays within the firm’s wider offering.
More about Insolvency and Restructuring Partners appear in The Lawyer’s spotlight seriesA Wedlake Bell team, led by Partner Justin McGilloway and included newly elected Pensions Partner, Paul Ashcroft have advised the Trustees of the Scandinavian Airlines System (SAS), on a £61.8m buy-in with Just Group. This buy-in will insure the defined
More about Wedlake Bell advises the Trustees of Scandinavian Airlines System (SAS) pension, on a £61.8m buy-in with Just GroupThe article explains how the TRF was designed as a relatively straightforward and generous mechanism to allow taxpayers to bring foreign income and gains into the UK without the complexity of the previous remittance basis rules. Despite this, uptake has
More about Partner authors article on the limited uptake of the temporary repatriation facilityThe article considers the responsibilities of personal representatives, including the need to identify, secure and ultimately distribute items in line with the will or applicable estate rules. Caroline highlights that, while family members may understandably wish to be involved, responsibility
More about Private Client Partner quoted in The Telegraph on managing possessions after deathThe article explores the significant changes to the taxation of trusts that took effect from April 2025, including the move to a residence‑based inheritance tax regime. While the introduction of a £5m cap on relevant property charges offers some relief
More about Partner and Senior Associate co-author article on IHT cap for excluded property trustsThe piece explores shifting motivations behind the ownership of luxury assets, from legacy and identity to enjoyment, lifestyle and use, and how these assets are becoming more formally integrated into wider wealth, succession and estate planning being undertaken by UHNW
More about Partners quoted on family offices’ growing focus on luxury assets