At the recent March Budget the Chancellor announced that the government will scrap the non-domicile tax status in the UK and replace it will a more modern and simpler system. Who does it affect? Non-domicile
STEP has responded to a UK government consultation that seeks views on improving transparency of land ownership involving trusts and options to widen access to trust information held on the Register of Overseas Entities (ROE). Transparency and
Your clients may not be aware of how many of their assets – from photos, to email accounts, to cryptocurrency – are categorised as digital, or what happens to these assets when someone dies or
HMRC has introduced new processes for trustees and their agents to register trusts on the Trust Register Service (TRS) in the UK which are effective from 1st September 2022. Deadlines for registering a trust The
Technical Corner, 5th August 2022 – Emily Deane TEP, STEP Technical Counsel & Head of Government Affairs The Law Commission of England and Wales published a new consultation paper on 28th July. It seeks views from
This week, STEP is launching its “Protect your digital memories for future generations” campaign to increase public awareness of the need to make plans for digital assets. This public facing campaign focuses on sentimental digital
STEP Europe has produced some guidance for practitioners who need to withdraw their services from trusts and similar legal arrangements with a “Russian connection” following the fifth package of economic and individual sanctions against Russia
STEP is supporting a campaign in Parliament that would give grieving families access to their loved ones’ sentimental digital assets. Ian Paisley Jr, the MP for North Antrim, has tabled a Private Members’ Bill that
The Financial Action Task Force (FATF) announced a public consultation of its review of Recommendation 24 in 2020. The Society of Trust and Estate Practitioners (STEP) has attended multiple public and private meetings with FATF
Even though the European General Data Protection Regulation (GDPR) came into force on 25 May this year in the UK there is still widespread confusion around its application to the private client industry. STEP has
The UK government has recently formed the Independent Commission on Dormant Assets which is investigating a revised scheme in order to identify new pools of dormant or unclaimed assets. The existing scheme was formed in
If you receive an email purporting to come from Today’s Wills & Probate or a Firm member, or if you are directed to a website which purports to be Today’s Wills and Probate website, and you have doubts or concerns about the provenance of the email or website, before taking any action please either contact the Firm member you normally deal with or email David Opie on david.opie@todaysmedia.co.uk and they will tell you whether the email came from us or whether it is our website.
