brits begin to reclaim 400m in overpaid iht from
Hundreds of British families have now come forward to claim an estimated £400m (495m, $632m) in overpaid IHT back from the Spanish government, according to a law firm fighting the expats case.
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bank of cyprus looks to uk for customer protection
In a move to safeguard customers and perhaps distance itself from difficulties in Greece, the Bank of Cyprus UK has transferred its banking to a new subsidiary which is fully protected by the Financial Services Compensation Commission.
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hsbc expat launches renminbi product range
HSBC Expat, the Jersey-based offshore banking arm of Asia-focused, UK-based HSBC, is introducing a package of renminbi products that it says are designed to enable its customers to benefit from what many believe will be a rise in the Chinese currencys value, and its growing acceptance as a mainstream currency.
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statutory residence responses published
Responses to the UK Treasurys proposed statutory residency test, which is aimed at replacing a cumbersome residency system based mainly on case law, have been published by HM Revenue & Customs.
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skandia wealth platform first singapore
Skandia International is showcasing over the coming weeks to advisers in Singapore its Wealth Interactive service, an end-to-end wealth management proposition which will be offered there through a new portfolio bond product.
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gibraltar parliament paves way for qrops
The Gibraltar Parliament has paved the way for QROPS to return to the jurisdiction, by approving proposed amendments to its income tax legislation that, officials say, will satisfy the concerns of Britains tax authorities.
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manulife launches retirement product with critical
Manulife, the Canadian headquarter life insurance company, has launched MyChoice, a new retirement savings plan offering critical illness benefits.
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guernsey dialogue with uk on tax
Guernsey must open a dialogue with the UK to find out where the boundaries now lie over tax, says Guernsey Finance chief executive Peter Niven.
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rosiip clients granted group litigation order
The aggrieved clients of the Panthera ROSIIP QROPS have been granted a Group Litigation Order by the UKs High Court, allowing them to bring a case against HM Revenue & Customs in relation to the government departments decision to charge the clients a 55% tax charge on assets transferred to the scheme.
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new japan swiss fatca deal seen as template
A new agreement hammered out between the US Treasury Department and authorities in Japan and Switzerland is seen as providing other countries with a model for complying with FATCA.
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rosiip investors take legal action on hmrcs 55 tax
More than 120 investors who transferred their UK pensions into the Singapore based ROSIIP QROPS are taking legal action against HM Revenue & Customs after the Revenue threatened them with a 55% tax charge following its removal from the list of registered schemes in 2008.
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asset manager partners with s p capital iq
S&P Capital IQ has partnered with La Française Asset Management ahead of the launch of a Luxembourg-domiciled global credit fund with focus on the US corporate bond market.