The implications of draft legislation on the UK taxation of high value residential property is the topic of the next STEP Guernsey seminar series sponsored by Collins Stewart Wealth Management.
The draft legislation is expected to be published this week and it is likely that urgent thought will need to be given to the future of many property holding structures with, in many cases, some form of restructuring required before April 2013.
The seminar speakers, Piers Master and Bart Peerless from Charles Russell LLP, will explore what may need to be done and when.
Mr Master is a partner in the Private Client department and advises individuals, trustees and private banks on onshore and offshore trust and tax matters, with a particular focus on international ultra-high net worth clients.
Mr Peerless advises individuals, trustees and beneficiaries, based in both the UK and abroad, in relation to tax, succession and estate planning (including in particular on the use of trusts and other asset holding vehicles, both in the UK and in other jurisdictions).
Head of Collins Stewart Wealth Management in Guernsey, Charlie Roger, said: “This seminar will be an invaluable update for those advisors whose clients might be affected by the announcement and it will be helpful to get further information on what can be done and the timings of restructuring.”
The seminar will take place at the OGH Hotel, Colborne Room on Wednesday 12 December at 5.30 pm start.