Recent changes to the way in which the UK is treating the taxation of resident non domiciles and other international investors with significant wealth outside the country, are prompting more financial and legal advisers in Bristol to assess the attractions of jurisdictions such as Jersey for their clients.

On Wednesday, 24th March representatives from Jersey’s finance industry will be in Bristol to discuss the practical steps that intermediaries should be taking to advise their clients about their international assets, the issue of non domicile status, and the vehicles that are available in a location such as Jersey to assist with wealth planning. 

Speakers at the seminar include Advocate Richard Pirie, from law firm Crill Canavan in Jersey, who will highlight the benefits of trusts and foundations and Neil Oliver, who has recently moved from the UK to be Tax Director at Ernst & Young in the Channel Islands, who will be looking at tax issues and explaining the tougher line now taken by HMRC. He will also discuss the potential tax benefits of re-locating to Jersey.

Robert Jukes, global strategist at Collins Stewart in London, will assess the prospects for the UK economy and fiscal policy through the next budget and the approaching General Election.

The breakfast seminar is hosted by Clive Boothman, UK representative of Jersey Finance, the body representing the Finance Industry in Jersey, who will highlight the Island’s high regulatory standards, its close relationship with the UK and its role within global finance. The seminar starts at 7.45am at the Bristol Marriott Hotel, finishing by 9.30am.

Clive commented:

“Jersey continues to receive third party endorsements for the quality of its regulatory and supervisory regime, most recently from both the International Monetary Fund (IMF) and the UK Treasury, as well as being voted the STEP International Finance Centre of the Year in 2009. This international recognition is definitely producing increased interest in the structures Jersey offers to wealth management professionals throughout the UK, including intermediaries in Bristol and beyond.

“We very much welcome the opportunity to meet with private wealth practitioners to explain Jersey’s role as an international finance centre and highlight the expertise that is available from the 13,000 people who work in our finance industry.”

More details about the event are available on the Jersey Finance website www.jerseyfinance.je

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For further information, please contact Mike Sunier at Crystal Public Relations on tel. +44 (0) 1534 618613 or e-mail mike@crystalpr.co.uk