Corporate Blog

From April 2016 the rules have changed regarding tax relief on rental income against cost of repairs.  Previously a fixed amount of 10% allowance could be claimed, known as the wear and tear allowance, even where landlords [...]

Further to our blog dated 5 November 2015 in which we reported that The European Securities and Markets Authority had now recommended that Guernsey and Jersey be granted a ‘third country’ passport under the Alternative Investment Fund Managers [...]

The UK Government has put forward proposals to introduce fees for individuals challenging decisions to the tax tribunal.  This has brought about strong opposition from trade bodies who represent lawyers and accountants across England and Wales. [...]

Further to our blog on the 30th October 2015 where we reported that the Indian government had suspended its decision to allow retrospective levy’s of minimum alternate tax (MAT) following objections pending a report from a special government committee [...]

The threshold for foreign capital in order to invest in the country’s property market has now been reduced in a decision by the State Council which has been jointly published by six government departments, meaning that foreign investment into [...]

Further to our blog of the 2nd July 2015 where we reported on the HMRC’s plans to simplify claims for ATED relief we can now report that the HMRC has published the forms required to claim relief. The Annual [...]

The British Virgin Islands has introduced a new intellectual property regime by enacting the Trade Marks Act 2013 and the Trade Marks Rules 2015 which came into force on 1 September 2015.  This has replaced the local and UK trade [...]

Jersey signs Agreement with Seychelles The Double Tax Agreement was signed between Jersey and the Republic of Seychelles in London on 28 July 2015. This agreement is significant because it boosts credibility for the Seychelles and provides [...]

The European Securities and Markets Authority have now recommended that Guernsey and Jersey be granted a ‘third country’ passport under the Alternative Investment Fund Managers Directive (AIFMD).  These passports are currently only available to EU entities, but [...]

The introduction of The Inland Revenue (Amendment) (No.2) Ordinance 2015 which was enacted as of 17 July 2015 has brought about the extension on profit tax exemptions on specified transactions conducted by offshore private equity funds or their special [...]