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No safe havens for offshore tax cheats HMRC threaten criminal prosecutions

  • Kingsley Napley
  • -
  • United Kingdom
  • -
  • May 10 2013

On 9 May HM Revenue and Customs (HMRC) repeated its message that it is in pursuit of those who attempt to avoid or evade tax with an announcement

Islands Disclosure Facilities

  • Squire Sanders
  • -
  • Guernsey, Isle of Man, Jersey, United Kingdom
  • -
  • April 29 2013

We have now become familiar with the Liechtenstein Disclosure Facility and, in traditional fashion, 3 more have come along at once - Jersey, Guernsey

Which structure?

  • Penningtons Solicitors LLP
  • -
  • United Kingdom
  • -
  • May 9 2013

With an ever-increasing array of vehicles available to wealthy individuals and families to provide for their succession and estate planning needs in

Joint accounts - whose money is it?

  • Boodle Hatfield
  • -
  • United Kingdom
  • -
  • October 15 2012

Joint bank accounts may be a flexible and practical solution for the management of money on a day to day basis

The end of the “Rule in Hastings-Bass”?

  • Borden Ladner Gervais LLP
  • -
  • United Kingdom
  • -
  • March 28 2011

In a decision that will be significant for offshore tax planning and trust matters, the England and Wales Court of Appeal has effectively reversed the so-called "Rule in Hastings-Bass" that has developed over the past 20 years, mostly in offshore tax havens like Jersey and the Isle of Man

The rule in Re Hastings-Bass

  • A&L Goodbody
  • -
  • Ireland, United Kingdom
  • -
  • April 5 2011

The Court of Appeal in the UK has determined that the rule in Hastings-Bass has been misinterpreted and is much narrower than subsequent cases suggested

To elect or not to elect

  • Penningtons Solicitors LLP
  • -
  • United Kingdom
  • -
  • May 9 2013

In the January edition of Private Client update Ailsa Moorhouse reported on the publication of draft legislation which increased the inheritance tax

The UK Supreme Court rules on the ability to set aside transactions in the case of trustees' errors

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • May 15 2013

Where trustees have undertaken transactions with unintended consequences (usually unwanted or unexpected tax consequences), they have been able to

Jersey Property Unit Trusts tax efficient vehicles for holding UK commercial real estate

  • Ogier
  • -
  • Jersey, United Kingdom
  • -
  • July 16 2012

Jersey Property Unit Trusts (“JPUTs”) are frequently used to acquire and hold interests in UK commercial real estate due to the ease with which they can be established and the fiscal advantages they can potentially bring

UK property tax changes: “de-enveloping” or a use of a trust?

  • Harney Westwood & Riegels
  • -
  • British Virgin Islands, United Kingdom
  • -
  • January 18 2013

It has long been popular for high net-worth people who are not domiciled in the United Kingdom ("non-doms") to form an offshore company, often in the