Earlier this week, the UK Government announced it would finally be introducing a general anti-abuse rule to combat tax avoidance, but not before it has completed one last industry consultation. Here our tax panellists Rachael Griffin and Mark Green talk us through the proposals and the accompanying draft legislation.
In the recent UK Budget, there was significant emphasis on the offshore tax environment. Axa Wealth Management’s Richard Leeson and Simon Martin say three significant changes in the life insurance sector help explain what it could mean to investors.
Royal London 360° technical support consultant, Luanne Ahearne explains what has happened in the QROPS space and where it is at the moment.
Prudentials Gerry Brown describes a recent court case in which residency needed to be determined.
The Retail Distribution Review aims to help consumers, but may lead to a shortfall in the number of financial advisers. Phil Oxenham, marketing manager at Skandia International, discusses recent developments and considers the Review in detail.
Canada Life Intl’s Anthony Rothwell looks at how probate can be avoided when a client dies leaving an offshore bond held outside of a trust.
Provided by Skandia International, this article explains the impact on clients holding overseas pensions that previously met the Qualifying Recognised Overseas Pension Schemes requirements, but have subsequently been removed by UK HM Revenue and Customs from the list of Qualifying Recognised Overseas Pension Schemes.
A Canadian court recently ruled that a trust can be viewed similarly to a company, with its activities judged on where they take place. Prudentials Gerry Brown says in light of this it is important to ensure offshore activities remain offshore.
With a large proportion of the UK population unaware of the exemptions to be gained from inheritance tax, opportunities abound for financial planners to help, says Standard Life Internationals Julie Hutchison.
With the long-awaited reforms on UK tax residency rules having been deferred until at least 2013-14, Prudentials Gerry Brown takes us through a recent case as a reminder of the complexities involved.
The Finance Bill 2012 has seen the removal of the opportunity to offset deemed gain tax credits for non UK tax residents investing in highly personalised offshore portfolio bonds.
The difference between domiciled and deemed domiciled is more than just an extra six letters, says Kleinwort Benson’s Graeme Stenson.
