The treaty which was signed on the 15 September 2020 was formally ratified by the Israeli cabinet on the 12 October 2020 and the UAE parliament on the 15 October 2020 and is intended to [...]

Saudi Arabia has recently made announcements concerning both resident and non-resident foreigners which will enable them to be able to invest in both listed and non-listed debt instruments. It is hoped that this will open [...]

The Government in Hong Kong has released a consultation with regards to introducing tax concessions for carried interest distributed by private equity funds.  If approved the relief will come into effect retrospectively from 1 April 2020. [...]

On the 13th August 2020 Dubai issued its ‘Regulating Family Ownership Law No.9 of 2020’.  This allows family members to customise and enter into a legally binding contract to enable joint ownership and administration of a wide [...]

Recent studies and reports have shown that Foundations, Family Offices and Trusts are ideal vehicles in which to drive positive social change. The reason being is that investments and business operations in addition to having [...]

Mauritius is an island in the Indian Ocean which has become a popular location when dealing with offshore companies and structuring. Mauritius has several policies concerning tax that make it a focus when considering structures [...]

The Limited Partnership Fund Bill which was announced in March has been officially passed on the 9 July 2020 and will come into force on the 31 August 2020. The Limited Partnership Fund (LPF) regime [...]

Bermuda has announced amendments to it Trusts (Special Provisions) Act 1989 in an effort to strengthen its protective provisions and enhance its competitiveness with other jurisdictions. The amendments ensure that no foreign law applies to [...]

We reported earlier in the month regarding the temporary increase in the SDLT nil-rate bank for England and Northern Ireland in response to the Covid-19 crisis and also the LBTT holiday announced in Scotland. Wales [...]

Previously in England and Northern Ireland the nil-rate band for stamp duty land tax (SDLT) was £125,000.  The government announced on the 8th July 2020 that it has now increased this to £500,000.  This temporary [...]