International

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International guidance:

Until 5 April 2013, ordinary residence was one of three key factors that needed to be considered when deciding whether, or to what extent, an individual was liable to tax...

Practice Note

Increasingly, UK trustees hold foreign assets as part of trust property. This may be because: • they have been put into trust by the original settlor • they form part of...

Practice Note

This Practice Note was originally written by Milestone International Tax Partners LLP but is now maintained by Mourant Ozannes. An offshore trust is a trust where the...

Practice Note

What are the anti-avoidance concerns in a double tax treaty context? As discussed in Practice Note: What are double tax treaties?, one of the aims of double tax...

Practice Note

Application for Grant of Probate Guernsey domiciled testator The probate jurisdiction in Guernsey is administered by the Ecclesiastical Court. The daily business of the...

Practice Note

When a non-Jersey domiciled person dies leaving assets in Jersey with a value of over £10,000, the asset-holder is legally required to request that a Jersey Grant be...

Practice Note

Residence usually refers to the individual's tax status on a year by year basis, however it may be possible to split the tax year into periods of UK residence and...

Practice Note

The eligibility criteria for obtaining a sponsor licence are not located in statute law nor in the Immigration Rules; they are mainly contained within the long and...

Practice Note

Broadly speaking, UK inheritance tax (IHT) is payable on lifetime transfers or on death on any foreign assets owned by an individual domiciled (or deemed domicile) in the...

Practice Note

Brexit: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

This Practice Note is about the rules that can impose a charge to tax on UK persons holding interests in a non-UK resident company if that company disposes of an asset...

Practice Note

The exchange of information between HMRC and tax authorities in other territories is an essential tool in enabling authorities both to administer and enforce their own...

Practice Note

The Common Reporting Standard (CRS) is a global standard under which participating jurisdictions agree to exchange information about financial accounts held by...

Practice Note

FORTHCOMING CHANGE: The EU Fifth Money Laundering Directive (5MLD) was published in the EU official journal on 19 June 2018 and came into force on 9 July 2018. The...

Practice Note

This Practice Note outlines Bermuda trust law and focuses upon its unique features and recent reforms, such as Bermuda's regime for private trust companies (PTCs) and...

Practice Note

This Practice Note provides an introduction to the British Virgin Islands (BVI) in the context of offshore trusts. For general information about the BVI, see Practice...

Practice Note

This Practice Note provides guidance on British Virgin Islands (BVI) trusts. For general information about the BVI, see: Private Client jurisdictional guide—British...

Practice Note

This Practice Note provides guidance on British Virgin Islands (BVI) trusts. For general information about the BVI, see Practice Note: Private Client jurisdictional...

Practice Note

British Virgin Islands (BVI) trusts law is contained in the Trustee Ordinance, Cap 303 (as amended) as revised from time to time and the Virgin Islands Special Trusts Act...

Practice Note

British Virgin Islands (BVI) trusts law is contained in the Trustee Ordinance (as amended) (Cap 303, Laws of BVI) and the Virgin Islands Special Trusts Act 2003 (as...

Practice Note

British Virgin Islands (BVI) trusts law is contained in the Trustee Ordinance (as amended) (Cap 303, Laws of BVI) and the Virgin Islands Special Trusts Act 2003 (as...

Practice Note

This Practice Note is produced in partnership with Marcus Leese of Ogier Guernsey and Wisdom Hon of Ogier Hong Kong. Introduction For individuals who are not domiciled in...

Practice Note

British Virgin Islands (BVI)Cayman Islands English law/equityApplied by the courts save to the extent modified by BVI legislation.Applied by the courts save to the extent...

Practice Note

The capital gains legislation includes specific provisions for persons who are connected with one another. These provisions can be divided into two broad groups: • rules...

Practice Note

What is a Cayman Islands foundation company? The Foundation Companies Law, 2017 came into force on 19 October 2017, enabling the establishment of foundation companies...

Practice Note

Part VIII of the Trusts Law (2011 Revision) Non-charitable purpose trusts are called ‘STAR’ trusts in the Cayman Islands. They are subject to specific statutory...

Practice Note