Legal

  • Executors do not need to notify end of administration to Trust Registration Service
    News Team on 26/11/2020

    HMRC has confirmed that executors do not need to update details of complex estates on the Trust Registration Service (TRS), at the end of the estate administration period.

  • Further clarity over investment into cannabis assets by Guernsey structures
    News Team on 24/11/2020

    The issuing of an 'Information Notice on Cannabis Cultivation and Production in Other Jurisdictions' by the States of Guernsey's Policy & Resources Committee was an 'unprecedented but welcome move', delegates heard at a seminar held by offshore law firm Carey Olesn on cannabis investment in Guernsey

  • Exploring UK Investor Visas
    on 23/11/2020

    With excellent schools, world-class legal system and overall high quality of life, once the extraordinary circumstances of 2020 return to normal, the UK remains an attractive jurisdiction for high-net-worth (HNW) families looking to settle overseas. Gaining UK residency through the Tier 1 (Investor) Visa program is one of the most attractive investment programmes explains EFG Private Bank

  • HMRC sends out “nudge” letters to check on UK residency
    News Team on 19/11/2020

    HMRC is sending out letters to overseas individuals living and working in the UK to establish whether they are resident in the country and should be  paying tax to HMRC, tax and advisory firm Blick Rothenberg has warned

  • UK divorce numbers spike may be ‘misleading’
    Katie Royals on 18/11/2020

    Divorce numbers have seen the biggest spike since 1972 and hit the highest number since 2014. According to ONS data the number of divorces was up 18.4 percent in 2019, to 107,599

  • New York State Attorney General files lawsuit against Sotheby’s
    News Team on 16/11/2020

    New York State Attorney General Letitia James filed a lawsuit against Sotheby’s last Friday (06/11/2020).

  • Retiring overseas in the eye of the Covid storm
    on 13/11/2020

    Many Brits will have made foreign retirement plans for 2020, only to see them torpedoed by the global pandemic, travel restrictions and economic uncertainty. Some may have steered towards a different course because of the health crisis...

  • Use emojis with care
    on 11/11/2020

    Be careful what you post - A misplaced emoji can land you in hot water and get you sued

  • Bumper year for Americans renouncing US citizenship
    News Team on 03/11/2020

    Figures published by the US internal Revenue Service (IRS) show a record 6,045 Americans gave up their citizenship in the first nine months of 2020

  • Gibraltar set to introduce new statutory framework for limited partnerships
    News Team on 02/11/2020

    The Gibraltar government (HMGoG) has confirmed that it will publish its Limited Partnerships Bill and the Protected Cell Limited Partnerships Bill as part of the modernisation of the jurisdiction’s funds legislation

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