PRIVATE CLIENTS UPDATE

PRIVATE CLIENT UPDATE FEBRUARY 2015

NON-RESIDENT UK PROPERTY OWNERS – A LIABILTY TO CAPITAL GAINS TAX

Unlike some countries, the United States of America and France for instance, the United Kingdom (UK) does not generally charge Capital Gains Tax (CGT) on property disposals by non-residents. In other words, gains made by non-residents on a disposal are not subjected to CGT. However, this is all set to change. Come April 6, 2015; CGT provisions applicable to resi-

dents are to apply to non-residents. For more information click here

 

PRIVATE CLIENT UPDATE MARCH 2015

ON LEAVING SOMETHING BEHIND: WHY YOU MAY WANT A LIVING TRUST INSTEAD

In the myriad of financial commitments and wealth accumulation activities, everyone with loved ones will at some point have given thought to what happens to them when they are no more. What often comes to mind when considering one’s dependants is a Will; leave a Will and your loved ones will be cared for. A Will however is not the only means by which this can be achieved. A trust made inter vivos (a living trust) is also an option. click here for more

 

PRIVATE CLIENT UPDATE APRIL 2015

TRUSTS -THE RULE AGAINST PERPETUITY

Amongst the countless legal issues that arise in the creation of a trust, the rules governing when property settled on trust must vest are often the most difficult but yet underrated. In other words, the point when capital and income of the trust are owned absolutely (i.e., legally and beneficially) freeing those entitled to the same (the beneficiaries), to dispose or otherwise deal with the property as they wish click here for more

 

PRIVATE CLIENT UPDATE MAY 2015

NEVER TOO EARLY; THE OPTION TO ALTER

If the comments of those we interact with frequently on the subject of Wills are anything to go by, it is a topic to engage with only in the last throes of life; when the inevitability of one’s demise beckons. Unfortunately life is not that predictable. click here for more