Unravelling
complexity.

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Unravelling Complexity

35 Results

A COVID-19 relief measure – stamp duty waiver on sale or transfer of property in BVI
Private Wealth

A COVID-19 relief measure – stamp duty waiver on sale or transfer of property in BVI

As part of the COVID-19 stimulus package promised by the Government of the Virgin Islands, the Stamp Duty Act, Cap 212 of the Laws of the Virgin Islands, (the Stamp Act) was amended by the Stamp Duty (Amendment) Act, 2020, (the Amendment). The Amendment was passed on 19 June 2020, assented to by the Governor on 23 July 2020 and gazetted on 28 July 2020.
Is it time to push the envelope (or unwind the trust)?
Corporate

Is it time to push the envelope (or unwind the trust)?

The UK Government has, over the past few years, substantially revised the tax rules relating to the ownership of residential property in the United Kingdom held indirectly by non-domiciled individuals or excluded property trusts.
Guide to STAR Trusts
Private Wealth

Guide to STAR Trusts

With the development of legislation in a number of offshore jurisdictions to allow for non-charitable purpose trusts, the Cayman Islands introduced the Special Trusts (Alternative Regime) Law 1997 (the STAR law) – now contained in the Trusts Law – to allow for the establishment of STAR Trusts.
How to use a flee clause in a trust
Private Wealth

How to use a flee clause in a trust

The name “flee clause” sounds very sensible. It is a clause in a trust deed which, on the occurrence of a certain event, triggers the resignation of the present trustee and the transfer of the trust fund to another trustee in a different jurisdiction.