Once More Unto the Breach: Case Report on Pitt v HMRC and Futter v HMRC 08:49 GMT
This month the Supreme Court handed down its decision in the cases of Pitt v HMRC; and Futter v HMRC. The Supreme Court dismissed both appeals insofar as they related to the rule in Hastings Bass, but allowed one appeal on the grounds of mistake.
Barclays promotes longstanding employee to deputy head of its Isle of Man trust businesses 08:49 GMT
Barclays Wealth and Investment Management has appointed Paul Howland as deputy head of its Isle of Man trust businesses.
AXA Wealth International bolsters charging options for advisers 23/05/2013
AXA Wealth International has made a series of enhancements to its specialist offshore proposition to offer advisers a broader range of adviser charging options and trust features.
International trust company hires from Ernst & Young for new CEO 22/05/2013
Hawksford, an international trust company, has appointed Maxine Rawlins as chief executive. Ms Rawlins will take on the role in 2014 when the incumbent chief executive, Peter Murley, retires.
Tax debate rages in 'age of uncertainty' as Jersey looks to thrive 17/05/2013
Speaking at Jersey Finance's annual London Private Client Conference, Geoff Cook from Jersey Finance and Monica Bhatia from the OECD looked at the economic climate facing IFCs today
Bedell augments trust practice with London hire 16/05/2013
Bedell has appointed William McGilivray, who joins the firm’s London office as a director within Bedell Trust.
Changes to IHT guidance following Golding decision 14/05/2013
HMRC has announced changes to IHT guidelines following the tax agenciy’s defeat in its case against Golding. This case was heard by the First Tier Tax Tribunal in March 2011 and followed a determination by HMRC that the deceased’s farmhouse was not agricultural property in accordance with IHTA84/S115(2).
Rothschild augments charities team with new hire 09/05/2013
Rothschild has appointed Tracy Collins to its wealth management business as a director in the firm’s charities team. Ms Collins joins Rothschild from Sarasin & Partners, where she was a senior associate partner in its charities team. She was responsible for a number of the firm’s charity clients, managing both existing client relationships and developing new business.
HMRC to target offshore trusts in May - Baker Tilly warns 08/05/2013
Gary Heynes, head of private client at accountants Baker Tilly, has warned that HMRC will target offshore trusts in its latest campaign targeting tax evasion.
Addressing the pitfalls and misconceptions of resealing foreign grants 08/05/2013
Unlike many legal terms, “resealing” means precisely that (i.e. the affixation of a seal to something that has already been sealed). Most probate practitioners will be well aware that, on a more technical level, the word refers to the process by which foreign grants of representation are sealed by the probate registry, thus enabling such grants to be used for the collection of English and Welsh estate. Like the name, the process is actually fairly straightforward (certainly more so than the alternative of applying for a separate English and Welsh grant). However, as with most processes, there are a few pitfalls, and even more misconceptions. In this article, Gavin Holt, a probate executive at law firm Blake Lapthorn, has sought to address these.
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