Tax Planning
IHT and trusts
When making succession plans, a large majority of British passport holders are advised to place their money, life insurance policies, property and assets into trust. By doing so, they effectively relinquish ownership of the assets placed into trust, instead nominating a trustee to mange and distribute the trust accordingly upon their death. As a result…
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51 nations now in permanent tax evasion information exchange
Tax evasion is a subject that’s never far from the headlines, but there are a number of countries now working extremely hard to ensure that it is banished for good. 51 nations have signed up to the tax information exchange agreement across the world, however there are notable countries taking a far harder line than…
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European Commission drops Guernsey from EU tax blacklist
After a meeting held in Brussels between the European Union officials, the European Commission issued a blacklist naming 30 non-cooperative jurisdictions. The commission has removed Guernsey from the blacklist and has endorsed Guernsey as a ‘cooperative jurisdiction’. Jonathan Le Tocq, Guernsey’s chief minister welcomed the news and said; “This recognizes not only Guernsey’s adherence to…
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