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UK tax tribunal suggests stricter requirements for articulating commercial purposes

This dispute centres on the application of the UK’s “unallowable purpose” rules.

How the UK Budget impacts US citizens

US citizens and domiciliaries living in the UK now face unique challenges and opportunities as a consequence of these changes.

A review of the tax regimes in Singapore and Hong Kong

The position can be improved even further for those who wish to manage their investments from Singapore.

A review of the tax regimes in Singapore and Hong Kong

The position can be improved even further for those who wish to manage their investments from Singapore.

Carried interest tax changes will reshape fund manager compensation

A fund manager earning £500,000 in carried interest will see their tax liability increase from £140,000 under the previous 28%

UK budget: inheritance tax reform may free up land for renewable energy projects

These reforms are designed to ensure that small family farms and businesses remain protected.

Guernsey Companies: UK tax residence considerations

The articles of incorporation of a company will be a factor taken into account in determining who exercises CMC.

UK Budget: carried interest tax rate increased to 32% with further increases expected from 2026

The government intends to establish a working group with stakeholders to explore points of technical detail, with draft legislation being published during 2025.

Luxembourg: new tax measures introduced by the 2025 draft Budget law

To stimulate the housing market, the Draft Law proposes to reduce by half the taxable base for registration and transcription duties on real estate.

Cryptocurrencies and digital assets holding strategies – tax considerations in Luxembourg

Cryptocurrencies introduce new concepts that challenge traditional tax norms.

Singapore: Extension and refinement of fund management tax incentives – Key implications for Single Family Funds

It was indicated at the time that new criteria would be introduced.

Establishment of Bermuda’s Corporate Income Tax Agency

According to the Agency Act, the Agency is prohibited from issuing oral determinations and is not permitted to respond to oral requests for the same.

Budget 2025 - tax highlights Ireland

The need to maintain Ireland's competitiveness in the face of intensifying competition for foreign direct investment was acknowledged

Mourant FinReg Update - Guernsey July to September 2024

The proposal seeks to allow a licensed PSP to use the features of a PCC to ring-fence pension scheme assets.

Summary of Guernsey Taxation

A company incorporated outside of Guernsey that becomes tax resident in Guernsey must notify the Revenue Service of it becoming resident in Guernsey.

Changes to Ireland’s ‘standard fund threshold’ tax regime welcomed

The report also included recommendations in relation to taxation of pension lump sums

Auditors demanding more rigorous internal investigation as part of year-end procedures

These gaps have been underscored by large-scale corporate collapses due to fraudulent practices, including falsified information provided to auditors.

UK VAT domestic reverse charge for buildings and construction

Previously, VAT charged on the supplies would have been paid to the subcontractors who would then have accounted for the VAT to HMRC.

Taxation of Guernsey Funds

Guernsey does not levy any form of capital gains tax, inheritance tax or value added tax.

Dentons named Law Firm of the Year in Poland for Tax Advisory, Tax Litigation and Transfer Pricing at ITR EMEA Tax Awards 2024

The awards received confirm Dentons position as a leader in tax advisory, tax litigation and transfer pricing among law firms on the Polish market.