What is ROE? The ROE is the UK’s application of the requirement to register the beneficial owners of overseas companies that own UK land and property. It requires all companies owning UK land and property to provide details of their beneficial owners to Companies House; if suitable details aren’t provided, the entities will be prohibited…
DetailsToday, Rachel Reeves delivered her long-awaited maiden Budget speech. The speech began with a strong emphasis on restoring stability and driving growth and investment into the country, whilst reminding us of the well discussed ‘black holes’ to plug and tough choices on taxes to make, subjects which had led to rife speculation and rumours ahead…
DetailsWhat is a Private Trust Company? For many years, wealthy families have used trusts to protect their wealth and maintain an element of control to avoid providing large sums of money to children in one go (among many other uses). Over recent years, some families have become more reluctant to give the full control to…
DetailsLeaving the UK? Here are 10 things to think about before you do. Life is never certain, and as seen last week in the Spring Budget 2024, neither are taxes. The Spring Budget announced new proposals that will change how a non-UK domiciled individual will be taxed in the UK and, as a result, you…
DetailsRecent cases in the courts underpin how fundamental it is to ensure that intentions regarding domicile, i.e., where a person’s permanent home is, are backed up by facts and actions. Historically, HM Revenue & Customs (“HMRC”) have been known to dispute an individual’s domicile status post-death, and for good reason. Once the taxpayer in question…
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