May 2021 – Trust Registration

  Under the EU Fourth Anti-Money Laundering Directive only trusts with a UK “tax consequence” (or deceased’s estates which counted as “complex estates”) needed to be registered with HMRC’s online Trust Registration Service (“the TRS”). Importantly however, the Fifth Anti-Money … More

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December 2020 – A Wealth Tax? Are you Bovvered?

The Wealth Tax Commission was established in Spring 2020 to consider proposals for a UK wealth tax. It published its final report this month. The prospect of a Wealth Tax could be met with varied responses; for example: “am I … More

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Inheritance Tax exceeds £5 Billion for the First Time

HM Revenue & Customs recently released data which showed Inheritance Tax (IHT) raised a record £5.2 billion in the financial year 2017-18, up 8% from the previous tax year. It is thought that the increase is due to the fact … More

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