The companies in the Utmost Group can take no responsibility for any loss which may occur as a result of reliance on this information. The information is based on our understanding of current legislation. Utmost is not able to provide any legal or tax advice.
Utmost Wealth Articles Archive
It was widely understood that the “protected Settlements” legislation did not include OIGs within the definition of protected foreign source income. Despite a recent technical argument that OIGs fit the description, HMRC have confirmed that they do not accept that OIGs from non-reporting funds qualify as protected foreign source income and no statutory amendments are anticipated … Continued
In November 2018 HMRC published some research they commissioned from Ipsos MORI. The research explored the use of trusts and took responses from settlors as well as professional advisers or “agents” who help settlors establish trusts. The aim appears to have been to gain an understanding of settlors’ motives in establishing trusts and the extent … Continued
This technical briefing looks at situations that could necessitate a change of trustees and consider the options available to ensure the trust can still be effectively administered. Download the BRIEFING here
The Chancellor of the Exchequer, Phillip Hammond, delivered his second autumn budget against the backdrop of ongoing Brexit negotiations and persistent uncertainty. Our updated technical briefing and tax table represent our current understanding of the major issues arising from the autumn budget 2018. Download the TECHNICAL BRIEFING Download the UK TAX TABLES SUMMARY
Source: International Adviser UK edition. Date: 17 October 2018 Paul Thompson, Group CEO of LCCG discusses how the groups Utmost Wealth Solutions business is progressing Download the full article here