Wealth Matters - Summer 2018
Welcome to the Summer 2018 edition of Wealth Matters, Charles Russell Speechlys’ regular update on contemporary legal issues for the Private Wealth sector.
At the time of writing draft legislation for the Finance Bill 2019 has just been published, promising another busy period for clients and their advisers.
In this edition of Wealth Matters we look at the new Trust Registration Service and ongoing Inheritance Tax Consultation in the UK. Experts in our Family and Property teams also give useful guidance on how to help a younger family member onto the property ladder, recent developments for landlords, and what steps should be taken when someone is considering a separation or a divorce.
Trustees may not always be sure what rights beneficiaries have to request information about a trust – our article on page 9 provides a useful summary. We also explain why offshore structures may no longer be a suitable way to hold UK residential property and provide an in-depth analysis of the financial and reputational dangers of non-compliance with HMRC’s ‘Requirement to Correct’ post-September 2018.
I do hope you enjoy this latest edition of Wealth Matters. If you require any advice on the topics covered, or wish to discuss another matter relating to helping protect and grow your or your clients’ wealth, please do not hesitate to contact the team members listed.
For more information please contact Charles Hutton on +44 (0)20 7427 6737 or at charles.hutton@crsblaw.com.
Our thinking
Charity Training: Digital Transformation in the Charity Sector (Session 2)
We would be delighted if you could join us for the second session in our new series of bite-size webinars for charities.
Simon Ridpath
Charles Russell Speechlys promotes five to Partner
The promotions are effective 1 May 2021 and are accompanied by one Legal Director and 15 Senior Associate promotions.
Robert Reymond
Charles Russell Speechlys boosts private wealth offering with the hire of an international tax team
Robert Reymond will be joined at the firm by Leigh Nicoll, Emma Tyrrell and Oliver Cooper.
Charity Training Webinar Series: Brand Protection (Session 1)
We would be delighted if you could join us for the first in our new series of bite-size webinars for charities.
Jemimah Fleet
Impact of the Covid-19 pandemic on arrangements for children of international families
Simon Green
Asian Legal Business, Hubbis and eprivateclient report on the firm's expansion in Hong Kong
The firm's Hong Kong office continues to expand with the relocation of Real Estate Partner Simon Green to lead the firm’s focus in Asia.
James Broadhurst
Charles Russell Speechlys advises Fudco Partnership on sale to Exponent-backed Vibrant Foods
Fudco is a family-owned business selling South Asian ethnic foods in UK and Europe.
Laura Sheftel
Electrical safety standards in the private rented sector from 1 April 2021
The Electrical Safety Standards in the Private Rented Sector will apply to existing specified tenancies from 1 April 2021.
Rebecca Day
UK property market continues to thrive
Emma Humphreys
Property Patter: cohabitees and property rights - what do couples need to think about?
It is easy to drift into complicated territory when it comes to property arrangements between a couple
Ray Ng
Ray Ng, Robert Avis and Tom Watts write for IFC Review on recent trends in firewall legislation
Ray, Robert and Tom review recent developments in firewall provisions in BVI, Bermuda and Gibraltar.
Simon Green
Charles Russell Speechlys LLP continues Hong Kong growth with the relocation of Real Estate Partner
We are delighted to continue the growth of our Hong Kong offering with the relocation of Simon Green to lead the firm’s focus in Asia.
Hugh Gunson
Hugh Gunson and Guy Bud write for Taxation on Financial institution notices
Amendments will be made to allow HMRC to request information for the purposes of collecting a taxpayer’s tax debt.
Hannah Owen
I'm getting married in the morning, ding dong the bells are going to chime...
Hayley Lalsing
Hayley Lalsing and Laura Sheftel write for Property Law Journal on the Electrical Safety Standards in the private rented sector
The Electrical Safety Standards in the Private Rented Sector Regulations 2020 will apply to existing specified tenancies from 1 April 2021.
Jemimah Fleet
Co-parenting arrangements - what are they and what are some of the key considerations?
Patrick Gearon FCIArb
Insolvency Legislation in the GCC
The interesting times of the last 14 months were preceded by the interesting times of the financial crisis of 2008/2009.
Mark Rowden
EWS1 Forms - the latest episode
RICS have now published their highly anticipated guidance on when EWS1 forms will be required.