Hello FIG Regime, Goodbye Protected Settlement
Significant reforms to the taxation of non-UK domiciled individuals were announced in the 2024 Autumn Budget. We will be focusing on the changing income and capital gains tax position of such individuals.
Long-Term Residence. Implications for Trustees
Currently a trust’s inheritance tax (IHT) status is based on the settlor’s domicile, but from 6 April 2025, this will instead depend on the long-term residence status of the settlor. Under the new regime, a settlor will be long-term UK resident (LTR) if they have been UK tax resident for at least 10 of the last 20 tax years.
TRF – Considerations for Offshore Structures
From 6 April 2025, the remittance basis will be abolished and a Temporary Repatriation Facility (TRF) is being introduced.
UK Budget: Summary
After much anticipation and speculation of what was to appear, Hannah Roynon-Jones summarises the key changes to UK taxation likely to affect our private clients, that were announced in the UK Budget on 30 October 2024.
BLOG: Jersey tax ‘PYB’ to ‘ITIS’
Jersey personal tax collections moved from a ‘prior year basis’ (PYB) to an Income Tax Instalment System (ITIS) some years ago in 2006. To align all taxpayers, the States Assembly froze the 2019 tax bill for those still on the PYB. In 2024 an extension to the payment terms were announced, we provide an update on this tax matter.
Championing female leadership in the ‘private client’ world
We celebrate the high ratio of female leaders in our business and to mark International Women’s Day, we contributed an editorial piece to the JEP Work Life Feature in March 2024.
Leave a legacy, not a headache.
Effective Estate and Succession Planning should not require a crystal ball.
Our experts have supported Jersey families for over 90 years in securing their wealth for future generations.
We take a look at the advantages of being prepared.
Mastering Wealth Preservation: The art of estate and succession planning
Hannah Roynon-Jones has provided an insightful article for Arts & Collections website exploring the options available to HNWIs who wish to take practical steps in protecting valuable collectibles and assets for future generations.
3 things to consider when setting up a Family Trust
A family trust can be a great option to ensure that your hard-earned assets go exactly where you want them to go, whether during your lifetime or posthumously.
As with any financial arrangement, there are considerations to take into account before you set up your family trust, to ensure that you achieve your desired results.
CASE STUDY: How could a Jersey Will create a serious UK tax liability?
For the past 90 years we have been providing trust services to Jersey residents and when the beneficiaries are resident outside of Jersey we have helped them to navigate inheritance tax rules in other jurisdictions.
