- Managers of Wealth - Legal - Wealth, private banking and asset management news and opinion

China's new offshore trust tax guidance: Considerations for existing offshore trusts

This briefing provides a high-level overview of the reported developments from an offshore law perspective and highlights considerations for clients with existing offshore trust structures.

Guernsey’s economic substance requirements

The Substance Regulations impose economic substance requirements on certain bodies that have income arising from a relevant activity.

Jennifer Best and Imke Gerdes Examine Proposed Public Country-by-Country Reporting in Bloomberg Tax

They discuss how the legislation would expand transparency obligations beyond existing confidential reporting frameworks and how it would potentially interact with existing public reporting frameworks.

Benjamin Homo Named "Lawyer of the Year" in Tax Law in France

This recognition also reflects the strength of the team. As Benjamin puts it, "Tax is a team sport, especially in transactions."

Charitable gifts in Wills – the 'hidden' new inheritance tax ('IHT') trap

From this it appears that the main objective of the changes is to make sure that there will be no exemption from IHT where assets may pass to non-UK charities or clubs.

More businesses set for tax relief as government unveils latest rates cuts

Francis said the exclusion of certain venues would naturally be “a source of frustration for many operators” and was unlikely to end the debate on business rate reform.

UK PM Andy Burnham's tax agenda: SDLT reform, the 50p rate or even a wealth tax?

On tax, the Labour Party committed in its election manifesto not to increase National Insurance, the basic, higher or additional rates of income tax, or VAT.

Herbert Smith Freehills Kramer advises Aware Super on tax aspects of acquiring a further 25.1% interest in retirement village operator Keyton

The HSF Kramer team was led by Tax partners Ryan Leslie and Jinny Chaimungkalanont

Brazil's oil industry weighs fresh legal challenge to export tax

According to the sources, extending the tax through an administrative act gave it a regulatory character and weakened the government’s argument

Herbert Smith Freehills Kramer advises Aware Super on tax aspects of its acquisition of Moorabbin Airport

Melbourne’s Moorabbin Airport is one of the busiest general aviation airports in the country, supporting flight training, charter and maintenance operations.

Guernsey corporate tax reform 2026: key proposals, impacts and strategic insights for Guernsey's international financial sector

Guernsey Registry currently collects fees on an annual basis from companies registered in Guernsey.

Firms should take practical measures in line with HMRC proposed customs revamp

The proposals broadly align with HMRC’s wider objective of encouraging taxpayers to ‘get it right first time’ and engage proactively where issues arise.

Andy Burnham's Property Tax Reform: What High Net Worth Individuals Need to Know

His long-standing commitment to overhauling property and land taxation could have material consequences for those at the upper end of the market.

UK consults on VAT rule changes for online marketplaces

Those reforms helped clamp down on widespread avoidance of VAT by overseas sellers selling to consumers in the UK.

Travers Smith wins at The Drawdown Awards 2026

The Drawdown Awards 2026 celebrates achievements for advisers and solution providers supporting European private fund operations during the previous calendar year.

Hong Kong Poised to Modernize Tax Framework to Attract Global Fund Managers

This comprehensive legislation cements Hong Kong’s position as Asia’s premier asset management hub.

New NYC 'Pied-à-Terre' Tax on High-Value Non Primary Residences

The New Tax applies to owners of certain high-value residential properties in NYC

New HMRC guidance ‘reduces uncertainty’ over tax treatment of share reorganisations

Businesses can apply for a clearance from HMRC that tax relief would be available on a share reorganisation.

Freshfields U.S. Tax Partners Recognized in the 2026 Lawdragon 500 Leading Global Tax Lawyers Guide

These recognitions highlight Freshfields’ strength in advising on the most high‑stakes and sophisticated tax matters.

UAE: Updates Corporate Tax Guidance on Family Foundations

The updated guidance further states that a limited liability company (LLC) is not, in itself, a "similar entity" to a foundation or trust