Appleby’s latest Breakfast Seminar entitled “Taxing Times: Implications and Opportunities for Jersey” was held on 27th April at The Royal Yacht Hotel. Speakers included Michael Stanford Tuck, Appleby’s Head of Private Client & Trusts in London, Naomi Rive, newly appointed Partner and Head of Private Client & Trusts in Jersey, and Marc Guillaume, Advocate within the Private Client & Trusts Group.
The seminar, which attracted over 80 attendees, explored a number of themes, including a consideration of the UK fiscal regime, and the significant changes that have occurred over the last 13 years. It looked forward as to how the outcome of the UK General Election may impact on the status of the UK as a low tax centre and the implications for Jersey-based trusts, EBTs, and Foundations in the wake of any changes in UK fiscal policy. The seminar also examined recent trust decisions by the Courts of Jersey and Guernsey, particularly in relation to trustees varying trusts where unintended tax consequences have occurred and settlors setting aside transfers into trust on the grounds of mistake. The seminar ended by looking at the increasing role of the HMRC in such applications and whether this trend was set to continue, going forward.
Fraser Robertson, Appleby’s Head of Litigation & Insovlency in Jersey, who also chaired the seminar, commented: “We were delighted to have such a good attendance from the trust industry in Jersey at Appleby’s seminar, which was the fourth one we have held over the last year. The trust world is indeed living in interesting times and Appleby’s contentious and non-contentious Trust Group is well-placed to deal with issues and developments as they arise.”
For further information please contact:
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Notes to Editors:
Appleby is a leading provider of offshore legal, fiduciary and administration services. With an unparalleled presence in the key offshore jurisdictions of Bermuda, the British Virgin Islands, the Cayman Islands, Isle of Man, Jersey, Mauritius, Seychelles and now Guernsey, the group offers advice on offshore law and also has offices in the international financial centres of London, Hong Kong, Zurich and Bahrain.
In November 2009 Appleby topped the Offshore Law Firm Super League by PLC Which Lawyer? With over 800 lawyers and professional specialists deliver sophisticated, specialised services, primarily in the areas of Corporate and Commercial, Litigation and Insolvency, Private Client and Trusts and Property, and a broad range of fiduciary services. The firm advises public and private companies, financial institutions, and high net worth individuals, working with them and their advisers to achieve practical solutions, whether in a single location or across multiple jurisdictions.