International Private Wealth

Clients intending to carry out Inheritance Tax (IHT) planning in relation to their assets should consider completing their planning ahead of the 1 April 2018 changes to the DOTAS Regulations, as they apply to IHT. The Disclosure of Tax Avoidance Schemes (DOTAS) regime is not new but, to date, its application to IHT has been […]

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 […]

Trustees of most UK and foreign trusts which are liable to pay UK Income Tax (IT), Capital Gains Tax (CGT) or Inheritance Tax (IHT), among others, in any given UK tax year, must now report beneficial ownership details to HMRC in relation to that tax year.  This is part of the UK’s response to the […]

Over the past couple of years, the Government has placed non-doms on notice of its intention to change the way in which they and their offshore trusts are taxed for UK tax purposes.  Now finally all previously trailed provisions have been reintroduced into draft legislation, so here is a brief reminder of the main provisions […]

They say change brings opportunity, so the optimists among you can rejoice (maybe) because, thanks to the present government, a whole new range of clients need your advice (perhaps). Why the equivocation? Well, until recently, it seemed certain that changes affecting the taxation of non-UK domiciliaries (non-doms), which were included in the March 2017 version of […]

On 26 June 2017, the UK Government introduced a beneficial ownership register for trusts for the first time, in response to its need to comply with the EU’s 4th Anti-Money Laundering Directive. Which trusts will be affected and what will trustees have to do? The changes, contained in UK Regulations, affect both UK and non-UK […]

In a recently published report, India Business Law Journal has identified the leading foreign firms for work on major India-related matters. Fladgate is delighted to have been selected as a “firm to watch”. Accompanying editorial within the report states: “Fladgate is a magnet for high net worth entrepreneurs seeking advice on international tax and estate planning […]

Cohabiting couples were the fastest growing family type between 1996 – 2016 in the UK, more than doubling in numbers from 1.5 million families to 3.3 million families[1]. This trend shows little sign of abating. Yet contrary to popular belief, there is no such thing as a “common law marriage”. Despite more and more people […]

Recent years have seen the introduction of many measures worldwide aiming to increase transparency and share information between countries in relation to taxpayers and their assets. While the UK has been party to many of these, it is now taking steps to become the first country in the world to require a register of the […]

Fladgate LLP is 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 […]

Fladgate LLP is delighted to announce its sponsorship of 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 […]

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 ‘UK […]