Spanish court throws out Spain’s higher IHT for non-EEA residents In a landmark case, the Spanish court has ruled that a long-standing and controversial practice of charging non EEA-residents of Spain inheritance tax is discriminatory and therefore, unlawful. Potentially, this sets the stage for those who have paid inheritance tax in the past to file…
DetailsA flight of wealthy individuals leaving the United Kingdom is blamed on growing uncertainty regarding the legal status of non-doms. The trend was discussed by experts at a wealth mobility event in London last month, sponsored by Locate Guernsey, which was attended by more than 100 private wealth advisors. Other reasons for the mass move…
DetailsProperty Mark Davies is concerned about harsher taxes on property ownership signalled by Finance Act 2018 No. 2. Currently, the UK is a safe place to pay modest income tax, no capital gains tax and no inheritance tax on commercial property. However, Brexit fears are impacting on inward investment to the…
DetailsMark Davies joined the panel of experts at the Financial Times to express his views on the Chancellor’s Autumn Budget. From April 2019, subject to consultation, corporation tax or capital gains tax will be charged on gains made by non-residents on the disposal of UK land and property. “Currently capital gains tax only applies to…
DetailsAutumn Budget 2017 Today’s Budget put enormous pressure on the Chancellor to pull something out of the hat, or, at the very least, not to foul up. It was a great day for Maths teachers because over £40 million was committed to their teacher training. The Chancellor was in good spirits and joked “More Maths…
DetailsIn 1789, Benjamin Franklin was quoted, “in this world nothing can be said to be certain, except death and taxes.” However, many companies and individuals managed to elude paying taxes before their secrets were leaked in the Paradise Papers. Like many offshore firms, Appleby had offices in the Channel Islands and the Isle of Man, which…
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