The award winning legal team at MannBenham Advocates continues to grow with the addition of leading family lawyer Emma Ratcliffe. Emma is a specialist family lawyer with a wealth of experience and deals with a variety of family matters including divorce, separation, finance, child contact and care proceedings. Prior to qualifying as a Manx […]
This year’s City Wealth IFC Awards were held at Lords Cricket Ground with a strong contingent of Isle of Man firms competing for the highly regarded awards. Now in their sixth year, the Citywealth International Financial Centre Awards were established to highlight the excellence of the advisers and managers in the private wealth sector in […]
As the dust settles on the first full year of FATCA reporting in relation to both US and UK clients, you might expect financial institutions such as Peregrine to move on to more rewarding work, at least taking a break from the burden of dealing with the automatic tax information exchange assignments that have taken […]
2016 was Peregrine’s third year attending the now well established Isle of Man Aviation Conference. This year saw another impressive turnout, not only in the quantity of attendees but also the quality of the speakers and panelists and the general audience as a whole. Following a welcome from Mark Byrne and the introduction of Alan […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Miles Benham of MannBenham Advocates Limited. Miles has joined IR as our exclusive Corporate Law member in Isle of Man. “We are an incorporated legal practice of Isle of Man Advocates, Solicitors and Attorneys. We are based in the heart of […]
The Chancellor of the Exchequer presented his 2016 Budget which had a number of items that would be of interest to our local and international clients. These are a few items that have not been discussed in detail earlier in this newsletter. Corporation tax In a continued effort to make the UK attractive to […]
By Jamie McKenna To the uninitiated, the Annual Tax on Enveloped Dwellings (“ATED”) is a tax charged on a non-natural person which holds an interest in high value UK residential property. Originally implemented on 1 April 2013, regime has become more relevant than ever due to the reduction of the lower entry limit and the […]
The recent UK budget included several measures that will have a direct impact on Isle of Man companies involved in real estate property investment in the UK. As we have grown accustomed to in recent years there was little good news for non-UK residents, but there were a few crumbs of comfort for the Isle […]
Regulation In an increasingly inter-connected world with 24-hour access to information online, and a post-credit crisis suspicion of financial institutions, it has become essential that financial service businesses are properly regulated and also perceived by the public to be well regulated. Technological developments do not just allow us to do business anywhere; they also allow […]
In recent years the UK Government has introduced a number of changes to tax legislation that have gradually eroded the benefits of holding UK residential property in Offshore trust and corporate structures for non-UK resident or domiciled individuals. These changes have coincided with a boom in the London property market driven primarily by overseas investors. […]
As Governments around the world have been desperately trying to reduce large fiscal deficits against a backdrop of international fiscal turmoil, tax planning by large multinational corporations in compliance with current legislation, has been denounced as immoral and unpatriotic. Complex tax issues are often reduced to sound bites and facts are used selectively by politicians […]
What is non-dom? Non-Domicile also known as non-dom, is a UK tax status for individuals who do not intend to make the UK their permanent home, whether currently tax resident in the UK or otherwise.For instance, it is possible to be a UK resident tax payer but UK non-domicile. To do so, one would be […]