Residence of individuals

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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...
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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...
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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...
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9th Nov
Practice notes
The issue of sham is most likely to be raised by the settlor's creditors or former spouse if the settlor is involved in matrimonial proceedings, who...
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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...
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Produced in partnership with Mourant Ozannes and Carey Olsen 12th Jan
Practice notes
When trustees are engaged in trust litigation, issues often arise as to how their litigation costs are to be funded. A Beddoe application is the best...
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Produced in partnership with Kate Davenport QC of Outer Temple Chambers and Adele Isaacs of Bankside Chambers 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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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Produced in partnership with Yvonne Evans, Law Lecturer, Solicitor (non-practising), TEP, University of Dundee 12th Jan

Most recent Residence of individuals content

Practice notes
ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note was originally drafted by Simon Goldring and Ben Harle but is...
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Produced in partnership with Simon Goldring (Solicitor/ADIT/CTA/ATT (Fellow) TEP) and Ben Harle (Solicitor) of Trowers & Hamlins LLP 9th Apr
Practice notes
ARCHIVED: This Practice Note has been archived and is not maintained.The tax rules on UK residence before 6 April 2013 are explained in the Residence...
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Produced in partnership with Tolley Guidance 9th Apr
Practice notes
ARCHIVED: This Practice Note has been archived and is not maintained.Until 5 April 2013, ordinary residence was one of three key factors that needed...
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Produced in partnership with Tolley Guidance 9th Apr
Practice notes
ARCHIVED: This Practice Note has been archived and is not maintained.Residence, ordinary residence and domicileResidence, together with domicile and...
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Produced in partnership with Tolley Guidance 9th Apr
Practice notes
Since 6 April 2013, the statutory residence test (SRT) is the test used to determine if an individual is UK tax resident for tax years 2013/14...
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Produced in partnership with Lisa Spearman of Mercer and Hole and Emma Loveday of Wedlake Bell LLP 9th Apr
Practice notes
Overseas Workday Relief (OWR) is a relief from UK income tax for certain non-domiciled individuals, who have elected to be taxed on the remittance...
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Produced in partnership with Lisa Spearman of Mercer & Hole 9th Apr
Practice notes
The concepts of residence and domicile are used to establish the extent of an individual's liability to UK taxation. This Practice Note provides a...
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9th Apr
Practice notes
Temporary non-residence—statutory anti-avoidance ruleThe statutory test for non-residence includes a general anti-avoidance rule to counteract tax...
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Produced in partnership with Stephen Parnham 9th Apr
Practice notes
ARCHIVED: This Practice Note has been archived and is not maintained.The tax rules on UK residence before 6 April 2013 are explained in the Residence...
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Produced in partnership with Tolley Guidance 9th Apr
Practice notes
The UK’s first formal tax residency test for individuals known as the statutory residence test or SRT took effect on 6 April 2013 and applies to...
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Produced in partnership with Lisa Spearman of Mercer & Hole 9th Apr
Practice notes
ARCHIVED: This Practice Note has been archived and is not maintained.Temporary non-residence conditionsThe pre-2013 rules apply if an individual's...
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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...
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9th Apr
Practice notes
The concepts of residence and domicile (including deemed domicile) are used to establish the extent of an individual's liability to UK taxation (see:...
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9th Apr
Practice notes
ARCHIVED: This Practice Note has been archived and is not maintained.Until 5 April 2013, ordinary residence remains one of three key factors you...
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Produced in partnership with Tolley Guidance 9th Apr
Practice notes
The UK’s first formal tax residency test for individuals known as the statutory residence test (SRT) took effect on 6 April 2013. Before this, whether...
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Produced in partnership with Lisa Spearman of Mercer and Hole and Emma Loveday of Wedlake Bell LLP 9th Apr
Practice notes
ARCHIVED: This Practice Note has been archived and is not maintained.For an introduction to the pre 6 April 2013 residence rules, see Practice Note:...
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Produced in partnership with Tolley Guidance 9th Apr
Practice notes
STOP PRESS: On 9 April 2020, a letter from the Chancellor to the Chair of the Treasury Select Committee was published, which outlined a proposed...
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Produced in partnership with Emma Loveday 9th Apr
Q&As
As a result of measures to slow down the spread of coronavirus (COVID-19), many countries including the UK are in lockdown. For employees, this often...
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Produced in partnership with Laura Allwright of Simmons & Simmons and Darren Oswick of Simmons & Simmons 15th Feb
Q&As
Principal private residence (PPR) relief exempts part or all of the gain realised on the disposal of an individual’s dwelling-house from capital gains...
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22nd Jan

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