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Limited Liability Companies – An Overview
As a modern Finance Centre the Isle of Man provides a wide variety of legal structures for businesses & individuals, including 1931 & 2006 Act Companies, Foundations, Trusts & Limited Partnerships.
“Golden Trusts” – Your Last Chance
There is a looming change in the UK deemed domicile rules which means many may become UK domicile from 5th April 2017. As a result, those affected by the change could have greater exposure to the UK net for income tax, capital gains and inheritance tax (“IHT”).
UK Budget Evaluation
Despite a disproportionate (in my opinion) reaction in the media to the proposed changes to National Insurance for the self-employed, the recent UK Budget did not generate much in the way of headlines. The Chancellor appears to have used this Budget to keep Government policy relatively stable, presumably to allow for more radical changes in future if the impact of Brexit requires such action.