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Private Client & Offshore Services

18 July 2019
Chelon Carr-Newbold New tax reforms in effect

Bahamas - Lennox Paton

In the 2019/2020 Budget Communication the government announced various tax reforms which came into effect on 1 July 2019. Among other things, the cap on owner-occupied property has increased from B$50,000 to B$60,000 per year and stamp duty on real property has been replaced by value added tax (VAT) at the same rates. Further, any party that is required to become a VAT registrant must have a business licence.

Author: Chelon Carr-Newbold
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Michael Alexandrou Tax benefits for foreign nationals

Cyprus - A G Paphitis & Co

Cyprus offers a number of tax incentives to high-net-worth individuals. For example, foreign nationals who earn €100,000 per annum from employment in Cyprus are eligible for a 50% tax exemption on their income irrespective of the status of their tax residency or domicile. Further, Cyprus is party to more than 65 tax treaties, which allows it to charge zero or minimal withholding tax rates on incomes such as pensions, royalties, dividends and interest received from abroad.

Author: Michael Alexandrou
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Alex Horsbrugh-Porter Regulation in Guernsey – what happens when it goes wrong

Guernsey - Ogier

This article has been removed at the request of the contributing firm.

Author: Alex Horsbrugh-Porter
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Johanna Niegel Wills, probate and inheritance

Liechtenstein - Allgemeines Treuunternehmen (ATU)

This article addresses the rules and procedures governing wills, probate and inheritance in Liechtenstein. For example, a distinction is made between testate and intestate succession. The rules on intestate succession apply when a person dies without leaving a will, whereas testate succession is determined based on a will to which Liechtenstein applies the right to a compulsory portion.

Author: Johanna Niegel
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Recent updates

Craig Cordle The list goes on – why Guernsey bridges gap between funds and stock exchanges

Guernsey - Ogier

Author: Craig Cordle
Johanna Niegel Compliance issues

Liechtenstein - Allgemeines Treuunternehmen (ATU)

Author: Johanna Niegel
Pedro Cortés Fiscal consequences of offshore regime revocation

Macau - Rato, Ling, Lei & Cortés Advogados

Authors: Pedro Cortés, Kong Seng Hin
Roberta Harvey Judge rules that parties cannot be forced to engage in ADR procedures

United Kingdom - Forsters LLP

Authors: Roberta Harvey, Hannah Mantle
Eloise Layzell First-time scrutiny by Jersey Royal Court of Channel Islands financial ombudsman decision

Jersey - Ogier

Author: Eloise Layzell
Michael Hanson Privy Council clarifies Bermuda's '60/40 rule'

Bermuda - Carey Olsen Bermuda

Authors: Michael Hanson, Mary V Ward, Henry Tucker, Gavin Woods
Nateisha L Anderson-Bain Extinguishment of purchasers' rights – importance of priority in unregistered land systems

Bahamas - Lennox Paton

Author: Nateisha L Anderson-Bain
Christopher Pease Taking charge: Commercial Court delivers judgment on its jurisdiction to grant charging orders

British Virgin Islands - Harneys

Authors: Christopher Pease, Andrew Thorp, Phillip Kite