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Marriage made in haven as new civil partners seek tax advice

IFAs who have long embraced the tax advantages of offshore vehicles could be joined by a more general inflow of advisers this year, particularly as inheritance tax becomes a problem for great swathes of the population following the growth in house prices.

The advent of civil partnerships will also ensure that this is fertile ground for advisers.

Some life offices predict that IHT will be brought within the scope of the new disclosure rules and beneficiaries living in trust-owned properties may be exposed to IHT.

The overall feeling is that anti-avoidance measures will become more prevalent so advisers will really have to know their onions.

Cross-border business is expected to take off after the EU savings directive finally came into force last year. Passporting and the greater ease of cross-border transactions should increase opportunities for providers and advisers.

Dubai is being touted as the next big jurisdiction with regard to offshore trusts. The emergence of new territories will put a greater focus on regulation and transparency and improve competitiveness in the sector, providing a challenge to local favourites, the Isle of Man, the Channel Islands and Dublin.


Evan’s above

IFA Defence Union chief Evan Owen has finally revealed his soft side. The hard man of financial services has adopted two ailing fish from his children’s school pond. Splish and Splash are understood to be in buoyant spirits and harbouring a militant disregard for the FSA.

Baronsmead VCT 3 closes early

Baronsmead VCT 3 has closed and issued the final tranche of 24m C-shares at 100p a share.The issue is the first VCT in this fiscal year to reach its fund raising target. Since the prospectus was issued in September 2005 F&C, who market the VCT, say it has taken approximately 30 per cent of the […]

Loan brokers still confused by promotion rules

The FSA says mortgage brokers are still confused about prom-otion rules over a year after their introduction. In its round-up of the first year of mortgage regulation, the FSA says there have been mixed responses to the new rules from brokers. Feedback from brokers shows that there may be some confusion over when a risk […]

Aifa working party will judge the success of depolarisation

Aifa is setting up a working party to enable the industry to judge for itself the success of depolarisation without relying on the FSA’s research. The working party, which will comprise volunteers from the industry, will set its own benchmarks for success in a review designed to sit alongside the FSA’s assessment. The FSA, which […]

Iain Chadwick

The Budget 2015: a brief overview

Following George Osborne’s delivery of his sixth Budget as chancellor and the last of this current parliament, we have provided a brief overview of the initiatives put forward in his statement, focusing on the topics that have an impact upon the pensions landscape, savings, personal taxation and businesses.


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