Insights: Helena Luckhurst

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How to help your non-dom clients with IHT

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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 […]


Inheritance Tax planning for business owners is often overlooked

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When it comes to selling up or transferring on a business to the next generation, entrepreneurs and family business owners are usually encouraged to take measures to reduce the level of Capital Gains Tax payable on the disposal of the business.  Far fewer entrepreneurs are advised to consider their Inheritance Tax (IHT) planning, though, and […]


UK beneficial ownership registers: now it’s your turn, trustees

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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 […]


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

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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 […]


Fladgate sponsors Family Office & Wealth Management Conference

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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 […]


Protecting personal representatives: interim estate distributions

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How should a personal representative (PR) deal with a request from a beneficiary for an interim distribution before the estate is finalised?  Estates can take many months to conclude but a beneficiary may be in need of some of their inheritance sooner.  Can an executor help out without putting him or herself on the line? […]


Finance Bill 2017: Non-dom tax changes dropped – for now?

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The Finance Bill 2017 contained a number of measures altering the way in which long term UK resident non-doms and UK residential property held in certain offshore entities would be taxed in the UK. However, last week it became clear that all of the non-dom tax changes would be dropped from the Finance Bill, to […]


‘No looking back’ – one ATED tax trap to avoid

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April is ATED filing month – 2017/2018 ATED tax returns must be filed and any ATED tax paid by 30 April at the latest. Even if no ATED is due, because a relief from ATED applies, that relief still needs to be claimed on an ATED tax return, which must be submitted by the end […]


MiFID II and UK trusts: time to apply for another ID number

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Trustees of UK trusts holding a UK managed investment portfolio will soon need to apply for a Legal Entity Identifier (LEI) number from the London Stock Exchange. The EU legislation known as the Markets in Financial Instruments Directive (MiFID) affects firms who provide services to legal entity end users which involve financial instruments, such as […]


Ilott v Mitson Supreme Court decision: UK testamentary freedom reasserted

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Last week, the Supreme Court brought to an end a 13 year legal battle over the late Mrs Jackson’s Will. The Will left virtually all of Mrs Jackson’s assets (some £480,000) to three UK charities, cutting out entirely her only child (Mrs Ilott), who was for many years estranged from her mother but who lived […]


Fladgate sponsors Family Office & Wealth Management Conference

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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 […]


How to manage UK probate fee increases

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Currently most applications made by solicitors for a UK grant of representation for a deceased’s estate incur a flat fee of £155 payable to the Probate Registry. However, perhaps within a little over two months’ time, a grant could cost as much as £20,000! How did we get here and, more importantly, what can be […]