The UK’s Trusts Registration Service: changes to the service following 5AML - 19 August 2020

Host group
Host Left
Hosted by
STEP Isle of Man
Event Type
Web Event
Date

Speaker: Edward Hayes – Senior Associate at Burges Salmon 
 
Edward is a senior associate within the Private Client and Wealth Structuring team and specialises in the following areas:

• UK taxation of non-UK resident trusts and companies

• UK tax planning for UK resident and non-resident individuals

• Disclosures to HMRC in order to regularise the tax affairs of trustees and individuals (particularly where those liabilities relate to assets held offshore)

• Cross-border estates and succession planning (including the effect of the European Succession Regulation)

• Application of the Common Reporting Standard in the context of trusts, estates and wealth planning structures

• Application of data protection laws (including GDPR) in the context of trusts and estates. 
 
Edward is a member of, and regularly chairs, STEP's Data Protection Working Group and has also spoken at events on a number of subjects, including the UK's taxation of non-domiciled individuals and the taxation of UK residential property.

Experience

• Advising a large multinational bank in relation to the approach of its fiduciary services business to tax risk.

• Advising trustees and individuals on the UK tax implications of recent changes to the taxation of non-domiciled persons and non-UK resident trusts.

• Advising the trustees of a long-standing family trust structure on the implications of succession planning for the beneficiaries, including consideration of the ongoing tax issues for the family in various jurisdictions.

• Advising on the termination of a complex multinational structure and the tax implications for the trustees, underlying companies and relevant individuals.

• Advising the executors of a cross-border estate on the implications of a challenge to the deceased’s will.

• Advising on the application of the European Succession Regulation to the estate of a US citizen living in the UK with assets in France, the UK and the US.

• Advising trustees on their obligations under GDPR. 
 
 

Cost group
Event Cost
Schedule
12.30 - 13:30 via Zoom Webinar
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Add to Calendar 2020-08-19 00:00:00 2020-08-19 00:00:00 The UK’s Trusts Registration Service: changes to the service following 5AML - 19 August 2020 Speaker: Edward Hayes – Senior Associate at Burges Salmon    Edward is a senior associate within the Private Client and Wealth Structuring team and specialises in the following areas: • UK taxation of non-UK resident trusts and companies • UK tax planning for UK resident and non-resident individuals • Disclosures to HMRC in order to regularise the tax affairs of trustees and individuals (particularly where those liabilities relate to assets held offshore) • Cross-border estates and succession planning (including the effect of the European Succession Regulation) • Application of the Common Reporting Standard in the context of trusts, estates and wealth planning structures • Application of data protection laws (including GDPR) in the context of trusts and estates.    Edward is a member of, and regularly chairs, STEP's Data Protection Working Group and has also spoken at events on a number of subjects, including the UK's taxation of non-domiciled individuals and the taxation of UK residential property. Experience • Advising a large multinational bank in relation to the approach of its fiduciary services business to tax risk. • Advising trustees and individuals on the UK tax implications of recent changes to the taxation of non-domiciled persons and non-UK resident trusts. • Advising the trustees of a long-standing family trust structure on the implications of succession planning for the beneficiaries, including consideration of the ongoing tax issues for the family in various jurisdictions. • Advising on the termination of a complex multinational structure and the tax implications for the trustees, underlying companies and relevant individuals. • Advising the executors of a cross-border estate on the implications of a challenge to the deceased’s will. • Advising on the application of the European Succession Regulation to the estate of a US citizen living in the UK with assets in France, the UK and the US. • Advising trustees on their obligations under GDPR.      STEP Isle of Man STEP Isle of Man Europe/London public