Industry
Tax & Regulation | 22 Sep 15
New twist in IHT rules allows non property owners to gain
People do not need to own a property to take advantage of the new UK inheritance tax rules, according to a detailed technical note released by HM Revenue & Customs.
Defaqto to award diamonds to AR funds
Independent research company Defaqto’s latest benchmarking system sees its Diamond Ratings now being applied to absolute return funds.
Tax & Regulation | 21 Sep 15
Accelerated payment notices prolong HMRC inquiries, firm says
HM Revenue & Customs has “little incentive” to complete tax investigations after last year’s introduction of accelerated payment notices, a London-based law firm has warned.
FCA ban for Catalyst director rejected by Tribunal
The Upper Tribunal has rejected an FCA ban of a Catalyst director relating to the promotion of unlicensed Luxembourg-issued ‘death bonds’.
Aberdeen prepares for China move, say reports
Aberdeen Asset Management looks set to become the first British fund manager to be licensed to operate in China, as a deal with Beijing authorities is expected to complete this week.