17 July 2020
Unlike most aspects of trusts, anti-Bartlett clauses are a relatively recent development. They were developed following the 1980 English law case of Bartlett v Barclays Bank Trust Co Ltd. Broadly speaking, the case determined that where a trust holds a controlling block of shares in a company the trustees have certain duties, including to take action when the company’s affairs are not being conducted properly.
23 April 2020
When an individual dies without leaving a valid will, they are said to have died intestate. Discover the ramifications of this.
14 April 2020
Under the laws of England and Wales, broadly speaking we all have the freedom to dispose of our personal assets (including interests in family businesses) as we wish. But that freedom relies on us leaving a valid will that sets out what should happen to our assets when we die.
19 December 2019
Mortality, no one really likes to think about it. Some people’s view is “what do I care? I’ll be long gone”. Others prefer to leave their affairs in as orderly a state as possible. Whichever camp you are in, legal steps need to be taken. Find out what the most tax efficient steps and actions available to you are.
14 November 2019
Some individuals of Indian origin may find they can benefit from the 1956 double tax treaty between the UK and India (the Treaty); a treaty which after more than six decades still remains in place.
20 February 2019
A US citizen living in the UK could find they are caught by the UK inheritance tax regime and the US estate and gift tax rules. The interaction of these rules and the application of the UK / US estate and gift tax treaty is complicated and may have some unexpected consequences.
20 February 2019
We provide services on a range of private client matters, including the re-sealing of foreign grants and English grant-only applications; for the sake of clarity we do not provide legal services in relation to estate administration.
24 September 2018
HMRC have just published updated guidance on the subject of the situs of ‘specialty debts’. This is potentially important for any non-UK company or trust that is owed money and could have an inheritance tax impact for shareholders/settlors as well.