Brexit: What are the implications for private clients?
Much ink has already been spilled on the subject of what Brexit is likely to mean for the UK economy and businesses in various sectors. There has been less comment on the legal, fiscal and practical implications for private clients who are resident in or who may wish to move to the UK.
Firm predictions are of course utterly impossible, given the enormous uncertainty as to whether the UK will in fact secede from the EU, and on what terms. While it is clear that a significant part of the British population has voted against EU membership for the UK, it is entirely unclear what the people of Britain would wish to put in its place, unclear whether all those who voted to leave actually intended that outcome, and unclear whether a Government can be formed that will actually be committed to pushing this dramatic constitutional change through. The situation is, to say the least, complicated.
What long-term effect will this have on the UK’s economy and currency? As Zhou Enlai famously said of the impact of the French Revolution, it is too soon to say.
To read the full article on the implications of Brexit for private clients, please click here.
This article was written by Dominic Lawrance.
For more information, please contact your usual Charles Russell Speechlys contact, or Dominic on +44 (0)20 7427 6749 or email@example.com.
News & Insights
Strategic land - understanding the opportunities for your clients
A detailed understanding of the opportunities available to your land-owning clients.
No cure for collective insanity
HMRC confirmed that they do not consider offshore income gains to be covered by the so-called “protected settlements” regime.