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Private Client & Offshore Services

06 December 2018
Anthony Partridge Astral projections: Cayman Islands STAR trusts

Cayman Islands - Ogier

The Special Trusts (Alternative Regime) (STAR) Law introduced so-called 'STAR trusts' into Cayman Islands law to overcome some of the difficulties arising from more conventional offshore trusts. One of the most challenging aspects of establishing a STAR trust is the drafting of the purposes for which it is established. While the STAR Law contains rules to prevent STAR trusts from failing (eg, failure resulting from object and beneficiary uncertainty), there are a number of traps for the unwary.

Authors: Anthony Partridge, Giorgio Subiotto, Fraser Allister
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Xavier Nicholas Offshore income gains and not-so-protected settlements: unwelcome announcement from HMRC

United Kingdom - Forsters LLP

Her Majesty's Revenue and Customs (HMRC) recently surprised many with a statement that the government does not intend to remedy a defect in recently introduced legislation relating to the tax treatment of non-resident protected settlements. The defect means that gains realised by non-resident trustees on the disposal of offshore funds that are not registered with HMRC as having "reporting status" will be subject to income tax as they arise once the settlor is deemed domiciled in the United Kingdom.

Author: Xavier Nicholas
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Recent updates

Andrew Thorp Reverse engineering: Court of Appeal in rare reversal of findings of fact

British Virgin Islands - Harney Westwood & Riegels

Authors: Andrew Thorp, Phillip Kite
Angelos Paphitis Central Bank circular revises definition of 'shell companies': impact on offshore entities

Cyprus - A G Paphitis & Co

Author: Angelos Paphitis
Pedro Cortés New legal regime regulating taxi services

Macau - Rato, Ling, Lei & Cortés Advogados

Authors: Pedro Cortés, Rita Rocha
Raulin Amy Company demergers: a guide to the new regime

Jersey - Ogier

Author: Raulin Amy
Bradley Kruger Structuring ICOs in the Cayman Islands

Cayman Islands - Ogier

Authors: Bradley Kruger, Michael Robinson
Marcus Leese How Guernsey is benefiting from global M&A boom

Guernsey - Ogier

Author: Marcus Leese