Press Room: Trusts

Offshore income and the long arm of HMRC…

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The UK trusts register – changes ahead

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COVID-19 Guide to global tax relief

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18 Mar 2020

IRS announces foreign trust reporting exemptions

IRS has issued new guidance exempting current and former US citizens and residents from annual reporting requirements for owning (or transferring money to) certain foreign pension and other plans that are foreign trusts.

4 Aug 2019

Non-US individuals, trusts and companies investing into the US

The tax treatment of US investments differs depending on whether the investor is an individual, company or trust. Investors need to understand the consequences of different investment structures so that they can plan their investment decisions for maximum tax efficiency.

15 May 2019

Non-residents and UK real estate

UK real estate held by non-residents has been subject to frequent tax changes over recent years. This article explores further recent and forthcoming changes to an already complex regime.

9 Dec 2018

Deadline approaching for non-doms to “cleanse” offshore mixed accounts

Non-domiciled individuals must clean up their offshore mixed bank accounts by 5 April 2019 if they wish to be able to remit funds to the UK at a lower tax rate.

9 Dec 2018

Offshore trusts – traps for the unwary

The 2017 trust changes have implications for non-doms with trusts, irrespective of the duration of their residence in the UK.

19 Nov 2018

Trust taxation – further change ahead?

The UK government is seeking views on the case for reforming the trust tax regime.

15 Oct 2018

Avoid jeopardising tax treatment of protected foreign trusts

Long-term resident non-domiciled individuals must exercise caution before transacting with their offshore trusts, otherwise they risk permanently losing the preferential tax treatment.

8 Oct 2018

Taxation of “non-doms” – where are we now?

Deadline approaches for long term resident “non-doms” to start reporting worldwide income to HMRC.