Jersey to Amend Trusts Law for Seventh Time

The States of Jersey is shortly to amend the Trusts (Jersey) Law 1984 for a seventh time. The 2016 consultation paper canvassed views on whether to amend the Trusts (Jersey) Law 1984 in twelve areas in which there were perceived either to be difficulties with the current law or where it was thought improvements could…

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Parliament Votes For EU-wide Trust Transparency

The EU Parliament has voted to introduce a trust registry as part of recent amendments to the Fourth Anti-Money Laundering Directive. It is striking the amendments are included in legislation directed at tackling money laundering. Until recently, AML initiatives have been about compelling financial intermediaries to hold information about their clients – the well known…

Chancellor Cuts PPR Relief Period in Autumn Statement

While measures designed to ensure non-UK residents paid CGT on the sale of residential property were widely trailed in the media prior to today’s Autumn Statement, another measure that will affect many vendors also slipped by relatively unnoticed. Today the Chancellor announced HM Government’s intention to cut in half the final period exemption for Principal…

Marriage Transferable Tax Allowance – The Basics

The Government has recently announced that from April 2015 some married couples (including same and opposite sex) and civil partners will be eligible for a new Transferable Tax Allowance (TTA) for income tax:  What We Know Thus Far The TTA for married couples will enable spouses and civil partners to transfer a fixed amount of…