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The Isle of Man Finance Industry – Striking Back
As everybody working in the Island’s financial services industry will know only too well, the regulatory burden on firms such as Peregrine Corporate Services (“Peregrine”) is getting heavier every year.
Regulation in the Isle of Man
In an increasingly inter-connected world with 24-hour access to information online, and a post-credit crisis suspicion of financial institutions, it has become essential that financial service businesses are properly regulated and also perceived by the public to be well regulated.
UK Budget – Impact on Property Investment
The recent UK budget included several measures that will have a direct impact on Isle of Man companies involved in real estate property investment in the UK.
UK Budget - Summary of relevant issues
The Chancellor of the Exchequer presented his 2016 Budget which had a number of items that would be of interest to our local and international clients.
ATED – ‘Getting your house in order’
To the uninitiated, the Annual Tax on Enveloped Dwellings (“ATED”) is a tax charged on a non-natural person which holds an interest in high value UK residential property.
Recent Changes in the Taxation of UK Residential Property
In recent years the UK Government has introduced a number of changes to tax legislation that have gradually eroded the benefits of holding UK residential property in Offshore trust and corporate structures for non-UK resident or domiciled individuals.
Changes to UK Non-Domicile Status
Non-Domicile also known as non-dom, is a UK tax status for individuals who do not intend to make the UK their permanent home, whether currently tax resident in the UK or otherwise.
Isle of Man Foundations – A Beginners Guide
Since their inception on 1st January 2012, Isle of Man Foundations have proven to be a popular and efficient way for clients to manage assets, in particular with regard to succession planning.
Base Erosion and Profit Shifting
As Governments around the world have been desperately trying to reduce large fiscal deficits against a backdrop of international fiscal turmoil, tax planning by large multinational corporations in compliance with current legislation, has been denounced as immoral and unpatriotic.
The Peregrine re-brand
Earlier this year I joined Peregrine as the firm’s Marketing Manager. I quickly knew before I was even offered the job, why I wanted to work for them. The firm’s ethos is obvious as soon as you step through the door; they genuinely care about the people they work for and the people who work for them.