Lily Hurley

Associate, Stephenson Harwood

Lily is an Associate in the Private Wealth Team at Stephenson Harwood in Dubai, United Arab Emirates. She joined the firm from Trower Hamlin LLP, then prior to that, Sinclair Gibson LLP in London, where she completed her training before qualifying into the Private Client Team in 2020.

Lily specialises in advising on all aspects of international wealth structuring and succession and tax planning for high-net worth individuals and families, family offices and trustees.

Contributed to

1

Interest in possession beneficiaries (life tenants)—income tax

Practice Notes

This Practice Note, written by Jordan Ellis and Liz Hurleyof Trowers & Hamlins LLP, considers the income tax treatment of the life tenant of an interest in possession (IIP) trust. It also explains the source of the beneficiary’s income, when the liability to tax arises, and steps for calculating, reporting and paying the income and income tax due on it.

Private Client