Trusts & Succession

As the 5 April deadline approaches Debbie Lumsden, private client director at VG, explores the top three considerations for clients and their advisors when contemplating settling an offshore trust as part of deemed domicile planning

The number of wealthy families claiming back inheritance tax has rocketed since the start of the covid-19 pandemic and the ensuing financial turmoil

Joe Biden wants to reform the US tax system so that wealthy individuals contribute their “fair share” - a notion which is also part of the UK tax debate...

HMRC’s annual accounts for 2019/20, published earlier in November, report HMRC’s performance against 11 public commitment objectives set in the Single Departmental Plan to improve the way tax is collected and bear down on tax evasion and avoidance. Eight of these objectives are on track or complete, which is a positive step towards narrowing the tax gap, although one objective is not on track and two are at risk of not being met...

Family offices are concerned about the need to ensure the compatibility of trustees’ duties and sustainable investing, Guernsey Finance has claimed.

New research from the Law Society shows seven percent of respondents made or updated their will during the first UK-wide COVID-19 lockdown but many have yet to put their affairs in order

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.

Covid-19 has cast an undeniable cloud over the world for the majority of 2020. It appears impossible to go anywhere without being acutely reminded of the situation we are in and the dangers the pandemic poses to us all...

The children of wealthy Londoners are the most likely, regionally, to benefit from gifted money during their parents’ lifetime