Capital Trustees

Filippo Turato from Capital Trustees will participate in the International Private Client Forum, to be held at Villa d'Este, Lake Como, from November 13–16. This gathering will unite prominent private client experts from across the globe, offering opportunities for engaging panel discussions and workshops focused on delivering valuable perspectives and the latest developments in the #privatewealth industry.

Tom Henderson from Capital Trustees has commented on the new #UK #Budget released October 30, 2024. As expected, the UK Budget yesterday included significant changes to the taxation of non-UK income and gains for UK resident, non-UK domiciled individuals, with the current remittance basis and #trusts regime being replaced by a favourable four-year window for eligible UK residents, and new arrivers, from April 2025. Inheritance Tax moves from a domicile-based to a residence-based regime, also from April 2025. These individuals, particularly those with trust arrangements, will need to take advice now to assess how they will be affected from April 2025 onwards, and plan accordingly. There may be new #structuring opportunities for long-term non-UK resident individuals with a UK domicile. Trust arrangements remain as attractive and effective #successionplanning vehicles for many international families.

Yumei Zhang TEP, ACSI, PhD of Capital Trustees has commented on the UAE Cabinet's decision made on October 17, 2024, concerning amendments to the Economic Substance Regulations. This decision effectively repeals penalties for entities that did not demonstrate substantial economic activity for financial years commencing after December 31, 2022.

The Legislative Decree 139/2024 is now in force in Italy. Please find the full text below: https://lnkd.in/eQsMyXWX

Michele Cecchi of Capital Trustees comments on Jersey's government July 8th 2024 proposed amendments to the Trusts (Jersey) Law 1984, following discussions with local trust law practitioners. Key changes include clarifying the priority of claims between current and former trustees, modifying beneficiaries’ rights to terminate or vary trusts, the ineffectiveness of the resignation rendered by a sole trustee prior to the appointment of his successor. The discussion included also the introduction of provision for "pure data trusts" to enhance digital asset management. The deadline for the submission of comments was August 16th, with further amendments anticipated later this year. No further news regarding decisions had been published yet. #JerseyLaw #Trusts #News

Giuseppe Macaluso and Filippo Turato of Capital Trustees will be attending the 2024 STEP LatAm Conference taking place on 26-27 September in #BuenosAires. The event will bring together professionals from all over the world and will offer insights and updates on key #trusts and #privatewealth topics across #LatinAmerica.

We are delighted to announce that Capital Trustees has once again been recognized as an industry leader among #Swiss #trust #companies in the Chambers and Partners HNW Guide 2024, highlighting our commitment in providing professional trustee services to our clients. Thanks to all of our clients and professionals who contributed to the Chambers and Partners 2024 research programme and for their ongoing support.

In the latest semi-annual STEP Hong Kong branch newsletter, Yumei Zhang TEP, ACSI, PhD of Capital Trustees analyzed the use of #PreIPO family trusts. These #trusts are usually #reservedpowers trusts established by the founder or major shareholder of a company planning to be #listed. Typically, the founder or #shareholder transfers their shares into a trust for the benefit of their family before the company applies for public listing. As Yumei explains in her article, there are many advantages to setting up these structures. For instance, they may facilitate a successful listing and prevent negative personal circumstances from impacting the process.   The full article, “Pre-IPO Family Trust: Key Points to Note” is available at https://lnkd.in/dqip2sar

Giuseppe Macaluso and Filippo Turato of Capital Trustees will be attending the STEP – Advising Families Across Generations UK Annual Tax Conference 2024, taking place on 21st June 2024 in #London. The conference will provide an overview on the latest #UK #tax updates and developments, including the latest case-law and #nondom changes. 

Giuseppe Macaluso and Filippo Turato of Capital Trustees will be attending the #IFA European Region Conference 2024 taking place in #Lausanne, 12-14 June. The conference will focus on the latest updates concerning #taxtransparency in the International and European tax law. A great opportunity to engage with #experts and #professionals in the #tax area worldwide.