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

Luxembourg tax authorities clarify CIV exemption criteria for investment funds

The Circular provides much needed clarity for investment fund structures

Passing it on: planning in anticipation of a gift tax

The annual exemption for gifts has remained at £3,000 since 1984 (an inflationary increase would be close to £10,000 now).

The One Big Beautiful Bill Act and tax-exempt organizations

The OBBBA modifies the excise tax on net investment income paid by certain private colleges and universities under section 4968.

Boardroom Briefing: The rise of Jersey established, UK tax resident Family Investment Companies

Ogier Global additionally offers the option of a hybrid board model, where family member directors sit alongside Ogier-appointed directors.

Italy introduces 5% VAT rate on art sales and imports: A strategic boost for the art market

Each transaction must therefore be carefully assessed to determine the applicable VAT regime

Luxembourg Government proposes reform of carried interest tax regime

This bill, together with the laws implementing an inpatriate tax regime and clarifying the use of alphabet classes of shares, gives yet another tool to employers to attract and retain talent.

Tax Legislative Updates in The Bahamas (2025)

VAT registrants are no longer able to claim VAT credits on goods or services acquired for major construction activity

Avoiding the 10 year anniversary tax risks in British death in services schemes

It may also be a good opportunity to update and modernise the trust terms

Land and buildings transaction tax reform ‘overdue’, says expert

One of its proposals is to exempt, from the LBTT, the transfer of units within Co-ownership Authorised Contractual Schemes (CoACS)

Trump’s Order Creates Uncertainty for Clean Energy Tax Credits

The EO, in announcing there could be a change in the meaning of begin construction

How will the One Big Beautiful Bill impact your gift and estate taxes?

The BBB is a tax cut and spending bill addressing almost all sectors.

Proposed punitive US tax rule removed following G7 agreement on global minimum tax

The UK has introduced legislation implementing Pillar 2

Staying behind but planning ahead: tax efficient planning when non-doms leave the UK but their children remain

The recent tax changes have made trust planning less attractive for settlors who chose to stay in the UK longer term

New pension fund VAT recovery rules require attention from trustees and employers

That’s without the complication of worrying about VAT grouping or setting the trustees up as a service provider to the employer.

Luxembourg carried interest and special tax reform ‘good news’ for businesses

The new regime is designed to attract top-tier fund managers by offering a clear and competitive tax structure, aiming to reinforce Luxembourg’s appeal as a base for private equity and venture capital operations.

Norton Rose Fulbright gains tax insurance underwriting partner in Washington, DC

Arrival of Jeff Korenblatt signals firm’s doubling down on high-growth tax insurance and renewable energy tax markets

Warning to UK snack manufacturers as tribunal confirms VAT treatment of mini poppadoms

Under the Act, certain products, such as potato crisps and similar snacks, are excluded from the 0% VAT rate typically applied to food.

UK tax tribunal issues beefed up practice direction on ADR

The practice direction states that the FTT’s rules empower it to direct parties to engage in ADR in appropriate cases, subject to considering the views of the parties.

Changes to foreign resident tax withholding impact buyers and sellers of Australian real estate

Buyers or lessees must withhold FRCGW at settlement of a transaction unless the seller or landlord provides an ATO clearance certificate

Why the Cayman Islands continues to be a popular jurisdiction for offshore funds

The dominance of the Cayman Islands in the offshore funds market is due to a combination of its tax neutrality