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
IBA Annual Conference
The IBA heads to Miami for its 2022 Annual Conference bringing together thousands hundreds of lawyers from around the world.
Julia Cox
Mind your business: Safeguarding your business against loss of mental capacity
Practical considerations to safeguard your business against loss of mental capacity.
Jack Carter
Jack Carter writes for eprivateclient on the registration requirements for trust structures holding UK real estate
Trust structures holding UK real estate: Reporting requirements under the Register of Overseas Entities
Sarah Anticoni
FT Wealth quotes Sarah Anticoni on forum shopping
"Being the first to file for divorce is not a foolproof way of securing an English hearing"
Shivi Rajput
A guide to protecting non-matrimonial assets in divorce
Learn what you need to know about non-marital assets and how to protect them in a divorce.
Alexia Egger Castillo
Wealth Structuring Developments In Switzerland
Careful considerations need to be given when setting up wealth and estate structures and vesting funds in them.
Lisa Wong
New Legislation on Reciprocal Recognition and Enforcement of Judgements in Matrimonial and Family cases by the Courts Hong Kong and the Mainland
The implementation of the Ordinance offers better safeguards to the interests of parties to cross-border marriages.
Charlotte Posnansky
Reporting Restriction Order (reprised) - "Where there is no publicity there is no justice."
Richard Honey
Inheritance tax receipts continue to rise - and what to do about it
Jil Birnbaum
A lost masterpiece in your attic or garden?
Ghassan El Daye
The Business Breakfast interviews Ghassan El Daye on the legal procedures surrounding international extradition
The Business Breakfast interviews Ghassan El Daye on the legal procedures surrounding international extradition
Rachel Warren
Financier Worldwide quotes Rachel Warren on the UK’s Economic Crime Act
Evaluating the UK’s Economic Crime Act
Felicity Chapman
Julia Cox and Felicity Chapman write for International Adviser on the rise of pre-nups in the UK
Julia Cox and Felicity Chapman write for International Adviser on the rise of pre-nups
Grégoire Uldry
New Swiss succession law on the transfer of businesses
On 10 June 2022, the Federal Council adopted its Message amending the Civil Code on the transfer of businesses by succession.
Joshua Green
Joshua Green writes for Spear's Magazine on Wagatha Christie’s lessons for HNWs
Wagatha Christie’s lessons for HNWs
Kerry Stares
Lessons from Davos: Private Capital and ESG
The scale of the investment needed to achieve global climate and social goals is far beyond what public funds can afford.
Julia Cox
Citywealth publish a '60 second' interview with Julia Cox
Leaders List interview: 60 seconds with Julia Cox
Piers Master
Register of Overseas Entities
Read more about the registration requirements for trust structures holding UK real estate and reporting requirements under the TRS and ROE
Ray Ng
What happens if one party passes away during a divorce proceeding: Part II
What does all this mean for divorcing spouses?
Oliver Auld
Unexplained Wealth Orders & Trustees
Learn about Unexplained Wealth Orders, what they are, who can obtain them and the implications that exist for trustees.