Behind the headlines: Unexplained Wealth Orders (UWO)
The tightening up of anti-money laundering rules in the UK last year saw the introduction of a new anti-corruption tactic; the Unexplained Wealth Order (UWO).
Alternative structure: The Private Trust Company (PTC)
Alex Picot Trust Company provides administration services for Private Trust Companies (PTC) and their underlying trusts and companies.
If having family members sit on the board suits your particular circumstances then a Private Trust Company structure provides this option.
Director named in top private client listing
Private Client publication ePrivate Client has this week revealed the Channel Islands Top 35 Under 35 professionals for 2018 and we are delighted that our Director, Chris Cotillard has been included.
TAX UPDATE: The Construction Industry Scheme
The Construction Industry Scheme (CIS)
We take a look at the new Construction Industry Scheme which sets out a series of rules for how contractors should make payments to sub-contractors.
Upcoming changes to real estate tax in the UK
In the recent past we have seen unprecedented change with regards to the taxation of UK property held by non-residents and this is showing no signs of slowing down in the next few years.
Here we take a look at the changes to come.
ICAS Top Jersey student
We’re very proud to announce that at the annual Jersey Society of Chartered and Certified Accountants gala dinner on Friday 13th October, Hannah Roynon-Jones was presented with an award for Outstanding Academic Achievement. Tax Consultant, Hannah was awarded the prize for achieving the highest marks of any Jersey student in The Institute of Chartered Accountants of Scotland final case study exam. Huge
Trustee borrowing rules explained
To counteract the tax avoidance ‘flip flop’ schemes that were popular in the 1990s/early 2000s, Schedule 4B and 4C were introduced. While the two pieces of legislation often do go hand-in-hand, Sch. 4B can apply standalone.
Keeping it in the family
In the latest edition of luxury property magazine, Abode2, Chris Cotillard offers a brief overview of setting up and managing an offshore family trust in Jersey.
The ‘protected settlement’ – a silver lining to UK resident non-dom tax reforms?
April 2017 sees a myriad of tax changes being introduced that will affect UK resident non domiciled individuals. Whilst not all of these changes are welcomed, there may well be some good news for a settlor of a trust who is taxed on an arising basis.
Here we look at the advantages offered by the ‘protected settlement’ rule.
Autumn Statement 2016: Tax changes ahead for UK non-domiciled individuals
In his first Autumn Statement, the Chancellor of the Exchequer confirmed that the tax changes for UK non-domiciled individuals will proceed as planned from April 2017.
The draft legislation will be published early December 2016 clarifying the exact changes and offering detailed guidance.
