United Kingdom
Offshore Bonds | 25 Apr 16
HMRC to overhaul 5% tax free allowance on life bonds
The UK tax office plans to overhaul rules governing the part surrender and part assignment of life insurance policies to redress the unfair tax bills which some individuals face if they withdraw money from an investment bond in the wrong way.
Tax & Regulation | 22 Apr 16
HMRC claims billion pound week with win against Jersey firm
The UK tax office has won a judgement against a limited partnership registered in Jersey, the Clavis Liberty Fund 1 LP scheme, which it claimed had tried to create artificial tax losses.
UK outlines how new secondary annuities market will work
The UK government has set out the rules and regulation for its planned secondary annuities market which will allow holders to sell their scheme back to a provider or onsell the income stream to an FCA-authorised buyer.
Four brands combine to form Irwin Mitchell Private Wealth
Irwin Mitchell Private Wealth will bring together the existing expertise of the teams from Berkeley Law, Berkeley Hurrell, Thomas Eggar and Irwin Mitchell, under a single client offering.
Tax & Regulation | 21 Apr 16
UK offshore firms will be forced to reveal property owners
The British government’s plan to reveal the ultimate owners of offshore companies that have bought property in the UK is likely to be announced by the prime minister David Cameron next month.