Pen and calendar

Legal Entity Identifiers (LEI)

This article explains who needs a Legal Entity Identifier. Topic:Regulation
Couple meeting adviser

Protecting your client’s money - peeling back the layers of policyholder protection

An explanation of the layers of protection safeguarding policyholders with assets invested through OMI and OMII Topic:Regulation

Succession planning using nominations and trusts

How testamentary freedom is limited by forced heirship rules and using trusts and beneficiary nominations in succession planning. Topic:Nominations
Flowers house

Offshore companies holding UK Property

With the re-introduction of the finance bill 2017 , we look at the tax treatment of a non UK-domicile individual holding a UK property a through an offshore company. Topic:Residency/Domicile
Buildings skyline

Annual Tax on Enveloped Dwellings (ATED) - An overview

This article provides an overview of ATED. ATED was introduced in the Finance Act 2013 as part of a package of measures to make it less attractive for high value property to be held indirectly through companies. Topic:Legislation
Glasses and pen

Common reporting standards – time to get involved

This article details the requirements of the Client Notification Regulations and considers what advisers must do in order to comply with them. Topic:Regulation
Couple meeting adviser

VAT & Portfolio Management Services

This article provides a summary of the recent Opinion of the Advocate General in the case of Finanzamt Frankfurt am Main V-Höchst v Deutsche Bank AG (Case C 44/11). Topic:Legislation
Man signing paper

Information about foundations

This article explains what a foundation is, why they are created and highlights the differences between Isle of Man foundations and foundations, generally. Topic:Nominations

Creating a lasting power of attorney

Execution, creation and revocation of a lasting power of attorney in England and Wales; and whether an attorney can make gifts or act as a trustee on behalf of the donor. Topic:Powers of Attorney

You can run, but you can’t hide

UK HM Revenue and Customs (HMRC) have made it very clear that it is not acceptable for those with overseas assets to not pay UK taxes where they are liable to do so. This article explains the measures the UK Government has put in place and the effect these measures have on UK taxpayers. Topic:Legislation

There's no escaping FATCA

By introducing FATCA, the US hopes to gather a sizeable amount of tax owed by US persons. Gordon Andrews tells us more. Topic:Legislation

Singaporean Law Nominations

The aim of this article is to provide a guide to Singaporean law nominations, as well as addressing a range of questions which may arise. Topic:Nominations

Moving abroad with confidence

This article provides an overview of some areas that your clients should consider before moving from the UK. Topic:Residency/Domicile
Euro flags

EU regulation on Packaged Retail Investment Products

The aim of this document is to provide a brief overview of the EU regulation on Packaged Retail Investment Products and key information documents for investment products. Topic:Regulation
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Deemed Domicile & Excluded Property Trusts

This article discusses the concept of deemed domicile and explains why due to recent government proposals, it may be advisable to consider an excluded property trust sooner rather than later. Topic:Residency/Domicile
St Pauls

Understanding UK domicile

This article explains the concept of UK domicile and the number of different ways UK domicile can be acquired. Topic:Residency/Domicile
Ballot box

Old Mutual International Manx Law Nominations

The aim of this article is to provide an overview of Old Mutual International’s current nominations created in accordance with the Isle of Man Contracts (Rights of Third Parties) Act 2001 and how they work. Topic:Nominations
coloured housing

Excluded property trust

This article explains the importance of using excluded property trust in the UK inheritance tax planning for non-UK domiciles living or planning to live in the UK. Topic:Residency/Domicile
London town

Common Reporting Standards Part 3

What action needs to be taken? Background to the Automatic Exchange of Information and the Common Reporting Standards (CRS) Topic:Legislation
Group of people

Common Reporting Standards Part 2

Who is affected and what are the timescales? Background to the Automatic Exchange of Information and the Common Reporting Standards (CRS) Topic:Legislation
Flower house

UK residential property and the international investor

Nobody knows the prospects for UK residential property in 2016 and beyond, but as the graph shows below, prices have been subject to considerable fluctuations in the last 10 years. Topic:Residency/Domicile
people around desk

Abolishing permanency of non-dom status

HM Treasury have issued proposals on how legislation should best be introduced in Finance Bill 2016 to restrict certain individuals from claiming non-dom status for tax purposes. Consultation is open 30 Sept -11 Nov 2015. Topic:Residency/Domicile
tug of war

To disclose or not disclose?

Planning for Non UK Domiciles - using your tax allowances

Planning for Non UK Domiciles - using your tax allowances

The following case study illustrates a typical Inheritance Tax (IHT) planning issue for UK domiciled clients along with potential solutions. A full fact find would need to be completed to assess suitability of the potential solutions by the adviser. The solutions are based on exemptions and allowances available under the rules in force at the date of this article for the tax year 2015/16. Topic:Residency/Domicile
woman in window

Rules of Intestacy

This article explains how your estate will be distributed under the laws of England and Wales. It also touches briefly on how this differs from the laws of Scotland and Northern Ireland. Topic:Legislation
big ben

UK Intestacy rules

From 1 October 2014, the UK intestacy rules have been amended by the Inheritance and Trustees’ Powers Act 2014.  Topic:Legislation
Junk boat

Split year treatment – the detail

Under the UK statutory residency test, you are either UK resident or non-UK resident for a full tax year and at all times for that tax year. If, however, during the year you either leave the UK to live or work abroad, or come from abroad to live or work in the UK, you may be eligible for the tax year to be split into two parts. Topic:Residency/Domicile
couple looking over the sea

Powers of Attorney

This article explains the importance of executing a power of attorney and the types of powers of attorney that can be created. Topic:Powers of Attorney
Open book

Obtaining a domicile ruling before death

UK HMRC rarely provide rulings until they become relevant for tax purposes. However, a guidance note was issued by HMRC (HMRC Brief 34/2010) which details the circumstances in which an individual’s domicile will be considered for IHT. Topic:Residency/Domicile
mountain climber

IoM policyholder protection case study

The following case study provides an explanation on when a policyholder of a policy held with an Isle of Man insurer may or may not be covered under the Isle of Man Life Assurance (Compensation of Policyholders) Regulations 1991. Topic:Legislation

Financial Adviser Verification

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