News

Senate investigation alleges serious money-laundering flaws at HSBC

19 July 2012
A US Senate report has accused the bank HSBC of failing to prevent its US subsidiary being used for large-scale money-laundering of criminal proceeds.

All estate-related services must be reserved, says Law Society

19 July 2012
The Law Society is demanding that the drafting of powers of attorney, and the setting-up and administration of trusts, must become reserved activities in England and Wales, in addition to will-writing and estate administration.

60-second interview with Bill Ahern TEP

18 July 2012
60-second interview with Bill Ahern TEP, STEP member since 2002

German authorities said to have bought Coutts client data

16 July 2012
The German state of North Rhine-Westphalia has bought another stolen CD containing confidential details of Swiss bank accounts, it is reported.

Plans to simplify charges on relevant property trusts

16 July 2012
HMRC has published plans to simplify the highly complex calculations of periodic and exit tax charges on trusts that hold or dispose of ‘relevant property’.

60-second interview with Robin MacKnight TEP

13 July 2012
60-second interview with Robin MacKnight TEP, STEP member since 1998

Obama backs delayed repeal of Bush tax cuts

12 July 2012
US President Obama has asked Congress to renew for one further year the so-called ‘Bush era tax cuts’ for some high-earning taxpayers – but not for those on the largest incomes.

Fear of lost tax relief keeps farmers working until death

12 July 2012
Many elderly farmers are working long past retirement age because they fear incurring heavy inheritance tax (IHT) liabilities if they stop, says one firm of tax advisors.

60-second interview with Ian Macdonald TEP

12 July 2012
60-second interview with Ian Macdonald TEP, STEP member since 1991

Faster presumption of death in England & Wales – but not yet

09 July 2012
The government is to introduce new legislation for England and Wales allowing the courts to issue a general-purpose certificate of presumed death.

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