Mark Davies shares his hopes with “E-Private Client” that non-doms may receive clarification in today’s Budget

Weariness prevails as UK’s autumn statement looms By Kirsten Hastings With the autumn statement looming large, industry leaders are speculating, with more than a small hint of weariness, about what the chancellor could announce this time. “Autumn statements have an existence of their own, independent and distinct from budgets,” said George Bull, senior tax partner at…

Details

Employee Benefit Trusts – HMRC win against Rangers FC

The Court of Sessions in Scotland have overturned previous Tribunal decisions and found in favour of HM Revenue & Customs. The judges have decided that payments by Rangers FC to the principal trust of an employee benefit trust amount to “a mere redirection of emoluments and earnings” and therefore were subject to income tax and…

Details

Opening the envelope? STEP Journal publishes our “Pros and cons of de-enveloping UK residential property”

Mark Davies, Jon Elphick and Nick Beresford consider the benefits of unwinding an existing offshore structure. KEY POINTS What is the issue? Further changes are being introduced that will result in offshore structures owning UK residential property becoming less attractive from a tax perspective. What does it mean for me? These structures need to be reviewed to…

Details