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Market Commentary September 2023

This year in financial markets has been all about potential “landings” for various economies. Will they be “soft” or “hard”, meaning either a shallow or deeper recession? Or might there be no landing at all, with growth remaining in positive territory? Eight months into the[...]

Date: 21 Sep 2023

Changes to Capital Gains Tax for divorcing couples

Married couples and those in civil partnerships have access to a number of tax advantages. This includes passing assets between themselves during their lifetimes without tax charge, inheriting assets from their spouse free of tax and the potential to reduce income tax through[...]

Date: 21 Sep 2023
Jurisdiction: United Kingdom

Expanding Into The US: Transfer Pricing Considerations

Expanding into the US can be a complex process, and it is important to ensure that transactions between a UK entity and its US affiliate are priced in accordance with transfer pricing (TP) principles.

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Date: 21 Sep 2023

Pre-arrival Tax Planning when Moving to the UK

This article provides an overview of the UK tax system as it relates to resident and non-domiciled individuals looking to relocate to the UK. Dmitry Zapol, international tax advisor at IFS Consultants, explains the basis of determining UK tax residence, the remittance basis[...]

Date: 11 Jul 2023
Jurisdiction: United Kingdom

AI-generated evidence is on the horizon - but are we ready?

It has been a manic few weeks for me; busy work schedule aside, I have been lucky enough to recently squeeze in a hiking trip to Hawaii, a wonderful safari in Kenya – only to come back to win ‘Best Children Lawyer in the[...]

Date: 04 Jul 2023
Jurisdiction: Global

Residence Planning and Corporate Re-domiciliation: Discussion Summary

The IBSA had an exceptionally enjoyable meeting in Cyprus on the topic of personal migration and corporate re-domiciliation, kindly sponsored by Investec and hosted by Elias Neocleous & Co LLC. We had over 50 in[...]

Date: 02 Jul 2023

A Comparison of International Trusts and Foundations: Discussion Summary

The panel of international speakers discuss trusts and foundations for entrepreneurs and their family offices, and their acceptability by UK, US and other tax administrations, as well as exploring the[...]

Date: 30 May 2023

An Overview of Investment Funds and Asset Protection in the BVI and the Cayman Islands

The BVI and the Cayman Islands have long been recognised as two of the world's leading offshore financial centres. Both jurisdictions offer a wide range of investment products and services, including open-ended and close-ended funds, to meet the diverse needs of investors[...]

Date: 17 May 2023
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The Retained EU Law Bill: Preparing for the Unknown

The Retained EU Law Bill, if and when it becomes law, will significantly change the UK’s legal landscape, allowing ministers to easily replace or remove “retained EU law” that has remained on the statute book since Brexit. The Bill has proved very controversial, with a number[...]

Date: 17 May 2023
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Failure to Prevent Fraud: a New Corporate Criminal Offence

After over a decade of calls for reform to corporate criminal liability, on 11 April 2023 the Government finally announced its intention to create a new "failure to prevent fraud" offence. Under the proposed legislation, organisations can be prosecuted where an employee or[...]

Date: 17 May 2023
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