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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Who owns the equity? Investment property ownership when relationships break down

29 June 2017

The thorny issue of a couple’s beneficial interests in a jointly owned property following relationship breakdown has once again been examined by the court, this time relating to a Privy Council decision on appeal from the Bahamian Court of Appeal. The case concerned the relationship between Mr Marr and Mr Collie, who together had jointly […]

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Guest blog: Will we have a UK public register for offshore entities owning UK property?

15 June 2017

The UK may become the first country to introduce a beneficial ownership register for overseas companies and other legal entities owning UK property (of any kind) or who wish to procure UK Government work. According to the Government’s April 2017 ‘Call for Evidence’ publication, the register will be modelled on the existing UK Persons of […]

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Fladgate sponsors Family Office & Wealth Management Conference

13 June 2017

Fladgate was delighted to sponsor DC Finance’s Family Office & Wealth Management Conference on 13 June 2017. With over 400 ultra and high net worth individuals and family office executives in attendance, this is one of the world’s largest wealth management events held annually at the Hilton Tel Aviv.  This prestigious conference provides an annual […]

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Guest blog: To Airbnb or not to Airbnb?

1 June 2017

Airbnb has become known as the world’s largest accommodation provider but it owns no property. It gives property owners an opportunity to let their properties out on a short-term basis with relative ease and gives consumers an opportunity to stay in a home and ‘live like a local’ in their location of choice. As a […]

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A simple way for non-dom married couples to manage the Inheritance Tax on UK residential property from 6 April 2017

23 February 2017

Offshore companies holding UK residential property will no longer be opaque for UK Inheritance Tax (IHT) purposes from 6 April 2017. The change is being achieved, courtesy of the Finance Bill 2017 as currently drafted, by removing IHT ‘excluded property’ status from an interest in a closely held company (see the 15 December 2016 article […]

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UK residential property in offshore structures: more surprises from the Government

15 December 2016

The Government has confirmed its intention to make UK residential property held indirectly by non-doms through an offshore structure chargeable to UK Inheritance Tax (IHT). As planned, this will begin on 6 April 2017. Although the proposal was first announced as far back as July 2015, draft legislation effecting this change was only published on […]

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Get ready for another ATED valuation date

1 December 2016

The Autumn Statement on 23 November contained no further detail about how the Government’s proposals for achieving Inheritance Tax transparency for offshore structures from 6 April 2017 is going to work in practice. However, in rather ominous fashion, the Government did use the occasion to confirm that the changes are going ahead as planned from […]

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Non-dom tax changes – IHT periodic charges and offshore trusts

3 November 2016

Well advised non-doms know that UK situated assets should never be directly held by their offshore discretionary trusts. To do so would subject the offshore trust to periodic charges to UK Inheritance Tax (IHT). These charges comprise the entry charge, the ten year anniversary charge, and exit charges, where value leaves the trust after creation. […]

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