by Fusion | Nov 12, 2024 | Uncategorized
I was asked today by a client why you would use a UK trust bearing in mind the tax charges that are incurred. I put together a note on the subject, but thought it might make sense to include that here for the world to see: UK Trusts have their own IHT regime, with...
by Fusion | Nov 11, 2024 | Uncategorized
The UK Autumn Budget 2024 introduced significant changes for pensions, with a major change to the way pensions are treated on death. SUMMARY – IT LOOKS IS BAD, BUT THERE ARE OPTIONS. The current rules state that when a person dies with a pension the value of the...
by Fusion | Nov 3, 2024 | Uncategorized
If you are non-domiciled, deemed domicile or even a UK domiciled individual who has settled or benefits from an offshore trust, the 2024 budget has introduced some drastic changes to the way that the trust will be taxed. The new budget will remove the concept of...
by Fusion | Nov 3, 2024 | Uncategorized
So after months of speculation and waiting we’ve now had confirmation of the new UK tax regime for new arrivals which replaces the on non-dom system from 6 April 2025. Effectively non-dom status will be removed and replaced with a residence based system. This...
