Offshore funds, life policies and pensions

View Private Client by content type:

Latest Private Client News

Featured Private Client content

Practice notes
The term 'relevant property' defines a category of trust property which is subject to a special regime for inheritance tax (IHT). As described in...
Read More >
Produced in partnership with Paul Davies of Clarke Willmott 12th Jan
Practice notes
On the face of it, there would appear to be no specific impediment, if there is no reason to suppose that a person is without capacity, in them...
Read More >
9th Nov
Practice notes
Offshore income gains (OIGs) are gains realised on the disposal of interests in offshore funds which are either:•non-distributor offshore funds, or...
Read More >
9th Nov
Practice notes
A trust is formed either by lifetime gift or on death when a person (the settlor) transfers assets to another person or persons (the trustees) to hold...
Read More >
Produced in partnership with Mourant Ozannes and Carey Olsen 12th Jan
Practice notes
This Practice Note outlines Bermuda trust law and focuses upon its unique features and recent reforms, such as Bermuda's regime for private trust...
Read More >
Produced in partnership with Vanessa Lovell Schrum and Caljonah Smith of Appleby, Bermuda 12th Jan
Practice notes
This Practice Note provides guidance on Cayman Islands STAR trusts. For general information about the Cayman Islands, see Practice Note: Private...
Read More >
Produced in partnership with Mourant Ozannes and Carey Olsen 12th Jan
Practice notes
Trust litigation has been classified as being of three types:•a dispute as to the trusts on which trustees hold the subject matter of the settlement•a...
Read More >
9th Nov
Practice notes
Where a beneficiary either:•is a minor (ie under the age of 18) and unmarried or•has attained majority or has married under that date but is required...
Read More >
9th Nov
Practice notes
Duration of a trustThe duration of an express trust is subject to the restrictions imposed by the rules against remoteness of vesting and against the...
Read More >
9th Nov
Practice notes
Duty to distribute to the correct beneficiariesOn the termination of the trust, the trustees are under a duty to distribute the trust assets to the...
Read More >
9th Nov
Precedents
This Deed of Appointment is made on [date] by [trustee] of [address] and [trustee] of [address] (the Trustees).Background(A)This Deed is supplemental...
Read More >
9th Nov
Practice notes
When you advise an individual on cross-border issues or offshore tax planning, it is important to establish the 'situs' (ie location) of the assets...
Read More >
9th Nov
Precedents
This partial deed of revocation is made on [date] by [donor] of [address].1I granted a Lasting Power of Attorney for [Financial Decisions/Health and...
Read More >
9th Nov
Practice notes
Liferent trustsA liferent trust (or trust liferent) is a trust which, when settled, confers a use and income benefit, or both, in the trust property...
Read More >
Produced in partnership with Peter Murrin of Turcan Connell 12th Jan
Practice notes
An offshore trust is any non-UK resident trust. The liability of trustees of an offshore trust to UK inheritance tax (IHT) is not dependent on the...
Read More >
Produced in partnership with Jenny Wilson-Smith and Emma Haley of Boodle Hatfield 12th Jan
Practice notes
Express creation of trustsA trust is constituted expressly where the owner of property (the truster) transfers property to trustees to hold for...
Read More >
Produced in partnership with Yvonne Evans, Law Lecturer, Solicitor (non-practising), TEP, University of Dundee 12th Jan

Most recent Offshore funds, life policies and pensions content

Practice notes
The main purpose of the investment manager exemption (IME) is to prevent a UK-based investment manager (IM) from being assessable as a branch or agent...
Read More >
15th Apr
Practice notes
There are different categories of overseas pension schemes, with various layers of requirements. These include:•Overseas Pension Schemes...
Read More >
Produced in partnership with Stephenson Harwood and Fraser Sparks of PwC 9th Apr
Practice notes
Why use a QROPS?In practice, many Qualifying Recognised Overseas Pension Schemes (QROPSs) are personal pension schemes or retirement annuities that...
Read More >
Produced in partnership with Sean McNulty of Blake Morgan 9th Apr
Practice notes
This Practice Note is based on material provided by Tolley and Milestone International Tax Partners LLP, but is now maintained by PSL Private...
Read More >
9th Apr
Practice notes
The Offshore bonds and other foreign policies Practice Note discusses what is meant by an offshore bond and a foreign policy and it explains the tax...
Read More >
Produced in partnership with Simon Gorbutt 9th Apr
Practice notes
FORTHCOMING CHANGE: Section 36 of Finance Bill 2019–21 sets out draft changes to the calculation of top-slicing relief such that a taxpayer’s personal...
Read More >
Produced in partnership with Simon Gorbutt 9th Apr
Practice notes
AAdministrationThe process starting on the date of the deceased's death and ending on the date the deceased's affairs are finalised by his personal...
Read More >
9th Apr
Practice notes
CORONAVIRUS (COVID-19) UPDATE: Through Pension Schemes Newsletter 128 and Pension Schemes Newsletter 121, HMRC announced that it will cancel penalties...
Read More >
Produced in partnership with Sean McNulty of Blake Morgan 31st Mar
Q&As
We have assumed that:•'Offshore bond' refers to a non-qualifying insurance policy within the scope of Chapter 9 of Part 4 of the Income Tax (Trading...
Read More >
18th Mar
Practice notes
A 'non-reporting offshore fund' is any offshore fund which does not have reporting fund status for a particular period of account.For more on what an...
Read More >
Produced in partnership with Michael Alliston 26th Feb
Q&As
This Q&A asks whether there are any restrictions on, or tax consequences as a result of, trustees of UK-based pension scheme being resident out of the...
Read More >
Produced in partnership with Oliver Hilton of Radcliffe Chambers 8th Jan

Popular documents