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HMRC probes trusts used for tax planning

HM Revenue & Customs has kickstarted a beneficial ownership register targeting those who set up trusts to “generate tax consequences”.

The trusts register, which will sit alongside the UK’s existing company beneficial ownership register, has set deadlines for trustees to register new express trusts by 5 Oct ’17 and existing trusts by 31 Jan ’18.

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About International Adviser

As well as all the regular news and features, the July/August edition of IA continues our quest for raising the bar of professional standards as we profile Jocelyn Wright, who runs Ascension Wealth Management in the US city of Philadelphia. She makes the urgent point that there are not enough people in the financial advisory space who reflect the wider community.
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