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

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

Hidden US Estate Tax Risks for Bermuda-Based Individuals and Families

For Bermuda-based individuals and families with international investments, the key priority should be the early identification of potential US estate tax exposure

Hong Kong’s proposed reform of the family office tax regime: A major step toward a multi asset investment platform

For family offices already established in Hong Kong, the reforms create opportunities to optimise existing structures and broaden investment scope.

Hidden US Estate Tax Risks for Bermuda-Based Individuals and Families

For Bermuda-based individuals and families with even a modest allocation to US equities or real property, this disparity can give rise to material and unintended exposure within a globally managed portfolio.

Taxpayer successfully challenges HMRC information notice in long-running transfer pricing row

Jake Landman, a tax disputes expert with Pinsent Masons, explained how important the case was, given there is still little UK case law relating to transfer pricing disputes.

HMRC makes surprise change to guidance on VAT recovery on pension investments costs

Bryn Reynolds, a tax expert with Pinsent Masons, said this would likely reduce tax recovery options for employers.

Guernsey Royal Court blesses decision to onshore trusts to pay more tax

A lot has been written about the so-called "great wealth transfer" and with it a likely change in attitude to wealth holding.

Oil and gas firms hit first as UK chancellor amends PE tax regime

Under current rules, companies can choose to exempt their overseas PE profits and losses

New HMRC registration rules raise questions for in-house tax teams

Under the new Finance Act rules, tax advisers face a ban on “interacting with HMRC in relation to the tax affairs of a client” unless either that adviser is registered, or specific exceptions apply.

Summary of Guernsey taxation

Guernsey does not levy a net wealth/net worth tax.

VAT rule change confirmed over education grants after UK Court of Appeal ruling

“Partial exemption frameworks will need updating as will, potentially, capital goods schemes.”

Upper Tribunal rules in taxpayer favour in oil and gas succession dispute

The case involved two companies that were historically part of the BP group that were involved in the operation of the CATS pipeline in the North Sea.

Tax Notes International – Statutory Codification of Foreign Entity Tax Classification in Ireland

It marks the first time that Irish legislation has dealt directly with the tax transparency of foreign entities.

China tightens tax concession for HK intermediary holdcos

Under China’s Enterprise Income Tax Law, dividends paid by a PRC resident enterprise to a foreign shareholder are generally subject to 10% WHT.

‘Disappointing’ UK tax ruling will hit projects across sectors, say experts

The Supreme Court was not persuaded by the fact that the accounting profit calculation had reflected that a significant amount had been spent on the surveys and studies.