Klara Kronbergs

2 months ago | mondaq.com | Paul Hardwick |Clare Wilson |Klara Kronbergs

In this article for the December 2024 edition of Dutch estateplanning journal Kwartaalbericht Estate Planning, PaulHardwick, Clare Wilson and Klara Kronbergs consider the anticipatedreforms to the existing "non-dom" regime, as announced atthe UK Budget on 30 October 2024 and incoming from 6 April 2025,which are of the most relevance to trusts.

Nov 20, 2024 | taxjournal.com | Edward Reed |Klara Kronbergs

Readers will already have pored over countless reports (including in this publication) of Rachel Reeves’ (much anticipated) first Budget and will therefore be familiar with the key announcements of relevance to private clients. Many will have noted the upside for those wanting a short regime to shelter (for example) a foreign tax charge or the possible upside for returning UK domiciliaries.

Aug 1, 2024 | mondaq.com | Clare Wilson |Klara Kronbergs |Paul Hardwick

On Monday (29 July 2024), the new Chancellor of the Exchequer, Rachel Reeves, gave a statement to the House of Commons, setting out the state of the public finances and confirming that some "difficult decisions" would need to be made. Full details of those difficult decisions will be announced at the Chancellor's first Budget, now confirmed for 30 October 2024.

Nov 28, 2023 | mondaq.com | Nicholas Harries |Klara Kronbergs

After much speculation concerning significant reforms to inheritance tax (IHT) - including a cut to the headline rate, an increase to the nil-rate band or more drastic reform - Wednesday's Autumn Statement failed to pack much of a punch for private clients, with the main focus being on promoting economic growth through tax cuts for businesses.

Nov 24, 2023 | blog.macfarlanes.com | Nicholas Harries |Klara Kronbergs

After much speculation concerning significant reforms to inheritance tax (IHT) - including a cut to the headline rate, an increase to the nil-rate band or more drastic reform - Wednesday’s Autumn Statement failed to pack much of a punch for private clients, with the main focus being on promoting economic growth through tax cuts for businesses.