Home / Private Client / International / Offshore tax evasion

Legal News

How could FATCA impact trusts and estates practitioners?

Copyright © 2025 LexisNexis
Published on: 12 April 2013
Published by a LexisNexis Private Client expert

Table of contents

  • What are the key features of the FATCA regime trusts and estate practitioners should be aware of?
  • What are the concerns in relation to the new regime?
  • What practical steps should practitioners take and what should practitioners be alert to?

Article summary

Private Client analysis: What is the current situation under the withholding rules for trusts and estates under the Foreign Account Tax Compliance Act (FATCA) and how are trusts to be treated? Ellen Harrison of Pillsbury Winthrop Shaw Pittman explains the regime.

Powered by Lexis+®
Jurisdiction(s):
United Kingdom

Related documents:

2 Checklists
4 News
View More
5 Practice notes
View More
1 Q&As
Powered by Lexis+®

Related documents:

2 Checklists
4 News
View More
5 Practice notes
View More
1 Q&As

Popular documents

Private client and private international law—summary of main principles

Private client and private international law—summary of main principlesWhat is private international law?The branch of English law known as private international law (PIL) (or the conflict of laws, in contradistinction to both the ordinary local or domestic law of England and public international

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit