Private Client Services Insights

Declaration of trust

Common uses of a Declaration of Trust A declaration of trust is not some special form of trust. In straightforward terms it’s just a technical legal term for the formal document setting up a trust. A declaration of trust is also referred to as a deed of trust. A trust can be created deliberately and … Continued

Spring Cleaning

UK tax legislation changes constantly. A new tax year is always a good opportunity to ensure you are abreast of these changes, to review your personal affairs and to make adjustments if necessary. Additional inheritance tax free allowance From 6 April…

When you make your will there are a number of formal requirements that must be complied with to ensure its validity. A will must be in writing, signed by the testator and witnessed by two independent individuals. It may surprise people to learn that these…

Providing for children in your Will Most parents tell us that ideally they would like to leave their estate to be shared equally among their children. However, there are often circumstances when such a straightforward share may not be possible. For…

Different countries have widely differing rules on succession to the assets of deceased persons. The EU Succession Regulation (known as Brussels IV) has been introduced to harmonise rules within the majority of EU countries. When and where does it apply? …

The First-tier Tribunal (Tax Chamber) has allowed a claim for entrepreneurs’ relief by the former director of a company on the basis that he was an employee of that company after he resigned from it, but not a director or shadow director of it. The…

Generally, non-UK resident individuals are not currently liable to pay CGT when disposing of a UK property. However, the UK Government recently conducted a consultation on whether non-UK resident individuals should become subject to CGT on the disposal of…

When a person dies without leaving a valid will, they are said to have died intestate. In this case, their assets must be distributed according to specific “rules of intestacy” – and these rules have changed from 1 October 2014…

It is a common misconception that only the private use of a company asset can give rise to a taxable benefit. Owner-managers, who invariably have power and control over assets, need to be particularly aware that business use of a company asset may give rise…