HMRC’s Trusts Register

24/10/2017
HMRC’s Trusts Register

All websters clients that have trusts should note the new disclosure rules relating to trusts and the reporting obligations for the new online HMRC Trusts Register. The new disclosure rules and the need to establish the Register stemmed from the EU’s Fourth Money Laundering Directive, which was implemented into UK law on 26 June 2017….

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New non domicile rules relating to UK residential property and offshore trusts

08/02/2017

With the publication of the draft Finance Bill on 5th December 2016 and the Government’s responses to the August 2016 consultation, clients holding UK residential property through offshore structures and who have set up offshore trusts should be made aware that: Inheritance tax (IHT) on UK residential property holdings • From April 2017, all interests…

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Beware of homemade Wills!

13/10/2016

The case of Poole v Everall which has recently come before the High Court considered the validity of a homemade Will. Of course the availability of ‘free’ Wills online have seen a significant increase in the setting up of homemade Wills, but as result we are seeing more and more cases coming to court where…

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Register of people with significant control – the new statutory register for companies

28/06/2016
Register of people with significant control – the new statutory register for companies

As from 6th April 2016, companies and LLPs are required to identify and record in a register, the people who have significant control. This new statutory register is in addition to existing statutory registers companies are required to keep at their registered office – namely registers of directors and directors’ interests, members, secretaries (if any)…

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