Synopsis: Changes to the intestacy rules, introduced as a result of the Inheritance and Trustees’ Powers Act 2014, mean that surviving spouses/civil partners will inherit a larger share of an estate. We provide an overview of these changes. The Inheritance and Trustees’ Powers Act 2014 announced a number of key changes to the intestacy rules. […]

Date posted: Tuesday, February 18, 2014 European Union States are keen to combat tax evasion and money laundering. As part of this drive, there is a desire to strengthen rules that enhance the transparency of company ownership. The reason is that Governments believe that lack of knowledge about who ultimately owns and controls companies facilitates […]

Synopsis: STEP, The Law Society of England & Wales and ICAEW have produced joint guidance examining how UK trusts will be affected by the UK/US Intergovernmental Agreement (IGA). Date posted: Thursday, February 06, 2014 The Foreign Account Tax Compliance Act (FATCA) which comes fully into effect in July 2014 with the aim of combating tax […]