Offshore trusts—general principles

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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...
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19th May
Practice notes
IHT—quick succession reliefQuick succession relief (QSR), which is not to be confused with taper relief, applies to a transfer of value which attracts...
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Produced in partnership with Katya Vagner of PwC 19th May
Practice notes
What is an offshore trust?A trust is formed either by lifetime gift or on death when a person (the settlor) transfers assets to another person or...
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Produced in partnership with Mourant Ozannes and Carey Olsen 19th May
Practice notes
Nature and classification of trusts—the three certaintiesCertaintyIn order for a settlor to create a private express trust the three certainties must...
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19th May
Practice notes
Taxation of age 18–25 trusts—IHTThe special category of age 18–25 trusts was introduced by Finance Act 2006 (FA 2006) to offer some compensation for...
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Produced in partnership with Paul Davies of Clarke Willmott 19th May
Practice notes
Private Client—Luxembourg—Q&A guideTaxation regimeWhat factors determine tax liability in your jurisdiction (eg domicile, residence or...
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Produced in partnership with Eric Fort of Arendt & Medernach 19th May
Practice notes
CGT—giftsA gift of an asset is a disposal for capital gains tax (CGT) purposes. It can, therefore, trigger a CGT charge on the gain deemed to have...
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Produced in partnership with Laura Poots (Barrister) of Pump Court Tax Chambers 19th May
Practice notes
CGT—reliefsFORTHCOMING CHANGE: On 14 July 2020, the Office of Tax Simplification (OTS) published its online survey and a call for evidence to seek...
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19th May
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...
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19th May
Practice notes
Trustees—statutory powers of trusteesSource and availabilitySourcesTrustees have certain powers conferred on them by statute, in particular by the...
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19th May
Q&As
At what stage and to whom can a Deed of Appropriation take place when selling a second property in an estate?We assume you refer to the situation when...
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19th May
Practice notes
Creation of trusts—blind trustsWhat is a blind trust?A blind trust is a trust that is aimed at preventing conflicts of interest arising. Usually, the...
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Produced in partnership with Michael O’Sullivan of 5 Stone Buildings 19th May
Practice notes
Termination of trusts—methods of terminationDuration of a trustThe duration of an express trust is subject to the restrictions imposed by the rules...
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19th May
Precedents
This Deed is made on [date]Parties1[insert name] of [insert address] and [insert name] of [insert address] (the Retiring Trustees) and2[insert name]...
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19th May
Practice notes
Cayman Islands STAR trusts—common usesThis Practice Note provides guidance on Cayman Islands STAR trusts. For general information about the Cayman...
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Produced in partnership with Mourant Ozannes and Carey Olsen 19th May
Practice notes
Discretionary trusts—ScotlandWhat is a discretionary trust?A discretionary trust or discretionary settlement is an arrangement created when an...
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Produced in partnership with Peter Murrin of Turcan Connell 19th May

Most recent Offshore trusts—general principles content

Practice notes
Glossary of UK trust and taxation law terms for international clientsAAdministrationThe process starting on the date of the deceased's death and...
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1st Jul
Q&As
To what extent will English law recognise and enforce in England a trust holding only foreign property, if both the trustee and beneficiary are...
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6th Jun
Q&As
Where a trust instrument grants a particular person a power to terminate the trust, what issues should that person and the trustees consider before...
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5th Jun
Q&As
If the trustees of a Jersey law trust appoint some of the trust assets on trusts governed by English law, what perpetuity period would apply to the...
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5th Jun
Q&As
What are the requirements and restrictions on the transfer of Jersey registered company shares?For information on the nature and sources of Jersey...
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5th Jun
Practice notes
BVI VISTA trusts—draftingBritish Virgin Islands (BVI) trusts law is contained in the Trustee Ordinance (as amended) (Cap 303, Laws of BVI) and the...
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Produced in partnership with Mourant Ozannes 5th Jun
Practice notes
BVI trusts—key features of BVI trusts lawThis Practice Note provides guidance on British Virgin Islands (BVI) trusts. For general information about...
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5th Jun
Practice notes
Cayman Islands trusts—jurisdictional background and legal frameworkThis Practice Note provides an introduction to the Cayman Islands in the context of...
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Produced in partnership with Mourant Ozannes and Carey Olsen 5th Jun
Practice notes
Cayman Islands STAR trusts—common usesThis Practice Note provides guidance on Cayman Islands STAR trusts. For general information about the Cayman...
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Produced in partnership with Mourant Ozannes and Carey Olsen 5th Jun
Q&As
Are personal injury trusts governed by English Trust law recognised in Gibraltar? Further, are trustees of a personal injury trust able to acquire...
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5th Jun
Practice notes
ProtectorsWhat is a protector?A protector is a person who holds powers under a trust but who is not a trustee. A protector is a person who is...
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Produced in partnership with Alison Cartin of Taylor Wessing LLP 5th Jun
Practice notes
What is an offshore trust?A trust is formed either by lifetime gift or on death when a person (the settlor) transfers assets to another person or...
Read More >
Produced in partnership with Mourant Ozannes and Carey Olsen 5th Jun
Practice notes
BVI VISTA trusts—managementBritish Virgin Islands (BVI) trusts law is contained in the Trustee Ordinance (as amended) (Cap 303, Laws of BVI) and the...
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Produced in partnership with Mourant Ozannes 5th Jun
Practice notes
BVI/Cayman Islands trusts comparisonBritish Virgin IslandsCayman IslandsEnglish law/equityApplied by the courts save to the extent modified by British...
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Produced in partnership with Mourant Ozannes and Carey Olsen 5th Jun
Practice notes
Jersey trustsFor general information on Jersey, see Practice Note: Private Client jurisdictional guide—Jersey [Archived].Legal frameworkThe legal...
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Produced in partnership with Mr David Dorgan 5th Jun
Practice notes
Bermuda trustsThis Practice Note outlines Bermuda trust law and focuses upon its unique features and recent reforms, such as Bermuda's regime for...
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Produced in partnership with Vanessa Lovell Schrum and Caljonah Smith of Appleby, Bermuda 5th Jun
Practice notes
Advantages and disadvantages of an offshore trustAn offshore trust is a trust where the trustees are resident in a low or zero tax jurisdiction....
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Produced in partnership with Mourant Ozannes 5th Jun
Practice notes
Common jurisdictions for offshore trustsThe jurisdictions whose legal systems recognise trusts are typically those that have evolved from or adopted...
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Produced in partnership with Mourant Ozannes 5th Jun
Practice notes
BVI trusts—jurisdictional background and legal frameworkThis Practice Note provides an introduction to the British Virgin Islands (BVI) in the context...
Read More >
Produced in partnership with Mourant Ozannes 5th Jun
Practice notes
BVI VISTA trusts—common usesBritish Virgin Islands (BVI) trusts law is contained in the Trustee Ordinance, Cap 303 (as amended) as revised from time...
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Produced in partnership with Mourant Ozannes 5th Jun

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