STEP seminar to examine UK Budget implications for Guernsey fiduciary business

| March 26, 2014 | 0 Comments

Ernst & Young partner Carolyn Steppler will outline the impact of this month’s UK Budget to Guernsey’s fiduciary service providers and their clients at this week’s STEP Guernsey evening lecture.

Carolyn, a private client tax partner with E&Y in London who specialises in tax issues in relation to ultra high net worth individuals, particularly those who are UK resident and non UK domiciled, and tax issues in relation to non UK resident trusts and closely held companies, will particularly focus on the extension to the Annual Tax on Enveloped Dwellings (ATED) for non residents, the pension proposals and anti avoidance, including the additional rule for deducting liabilities.

The UK Budget was announced on 19 March 2014.

“This will be an interesting lecture since the UK Budget contained a particular sting in the tail for Channel Island investors in UK residential property,” said Collas Crill’s UK property expert Michael Morris. “As well as slapping a massive increase on Stamp Duty Land Tax (SDLT), the Chancellor also extended the ATED regime.”

  • Date: Thursday 27 March 2014 – 5.30 pm
  • Venue: Old Government House Hotel, Colborne Room
  • To book: e-mail fionaroberts@newtelsurf.com

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Category: Events

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