Appeal against UK’s first Unexplained Wealth Order rejected

8 October 2018

An attempt to appeal the UK’s first Unexplained Wealth Order (UWO) has recently failed in the High Court. In February 2018, the UK’s National Crime Agency sought an UWO against Mrs A (whose anonymity may only be temporary), seeking information about the purchase of a valuable London property. UWOs require an individual to provide a […]

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Domicile dramas

26 July 2018

Many advisers have to grapple with the sometimes difficult question of establishing their client’s domicile. A client’s domicile is fundamentally important in a diverse range of English legal and tax areas, such as whether: a client can bring divorce proceedings in the UK; a client is liable to UK Inheritance Tax on worldwide assets as […]

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Unexplained Wealth Orders – force for good or snoopers’ charter?

1 March 2018

Unexplained Wealth Orders (UWOs) are a new tool in the armoury of the UK Government, designed to disrupt the entry of the proceeds of crime into the mainstream economy. From 31 January 2018, UWOs can be issued by the English High Court to enforcement authorities (including HMRC) in respect of (i) non-EU Politically Exposed Persons […]

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Capital Gains Tax and offshore trusts: match fit for April 2018?

14 December 2017

The UK’s Autumn Budget contained a welcome lack of new measures affecting the capital gains taxation of offshore (i.e. non-UK) trusts.  However, there are Capital Gains Tax changes waiting in the wings, already announced, coming into effect on 6 April 2018.  There may be steps that UK resident non-doms and their trustees ought to be […]

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UK tax compliance is getting strict with non-doms

16 November 2017

To those of us who spend our working hours musing on tax problems, not thinking about the tax implications of where we choose to live, what we invest in and how we do business can seem, well, pretty strange. However, for most (normal) people, tax, and tax compliance in particular, are not top of their […]

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A new look for The Wealth Lawyer UK

26 October 2017

We’ve given our Private Wealth blog, written by partner Helena Luckhurst and team, a refresh! Discover bite sized legal briefings on the UK wealth structuring, asset protection and tax issues affecting your HNW clients, every fortnight. And now you can register to receive briefings by email.

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Legal 500 ranks Fladgate’s private client team

26 October 2017

Fladgate LLP is delighted that its private client team has been ranked for ‘personal tax, trusts and probate’ in the recently launched 2017 edition of the Legal 500 Guide to the UK Legal Profession. Editorial states: Matthew Bennett heads the department at Fladgate LLP, and advises UK and foreign nationals and their families on the […]

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Guest blog: New rules for non-doms and disclosure for all

24 August 2017

Non-domicile taxation The Government published draft legislation over a year ago changing the basis of taxation for non-domiciled individuals who had been resident in the UK for an extended period. Essentially, the remittance basis of taxation (which allowed income and gains made, and kept, offshore to be free of UK tax) would cease to be […]

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Long term UK resident non-doms set to lose remittance basis of taxation

6 October 2016

Anyone who does not regard England as their permanent home (non-dom) but who has been resident in the UK for at least 15 out of the past 20 income tax years will wake up to a very different UK tax regime on 6 April 2017, according to a further consultation issued by the Government on […]

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UK residential properties held through offshore structures: a call to action

8 September 2016

Owners of UK residential property held through offshore structures, including non-UK companies and partnerships, should urgently review their structures following the publication of a further consultation by the UK Government on 19 August 2016. The consultation confirms that residential properties in these structures will be exposed to UK Inheritance Tax (IHT) from 6 April 2017. […]

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