Pearse Trust Blog

The EU's UK Tax Probe - What's It All About?

Posted by Pearse Trust on Wednesday, 13-Dec-2017 13:45:00

The United Kingdom may be about to leave the European Union but that hasn’t stopped the EU from policing its tax rules.

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Tags: United Kingdom, Tax, EU

Roles & Responsibilities Of A Company Director

Posted by Pearse Trust on Monday, 11-Dec-2017 09:45:00

The most common company formation in the UK and Ireland is a private company limited by shares. In order to form such a company, two separate roles must be filled, the director and the shareholder. For a company to run smoothly and effectively it is vital that a person filling either role understands their responsibilities and rights.

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Tags: Ireland, Directors, United Kingdom

What's In The US Tax Reform Bill?

Posted by Pearse Trust on Wednesday, 06-Dec-2017 13:45:00

On November 9, the United States took a key step towards the long-awaited reform of the US tax code, when the House Committee on Ways and Means approved a comprehensive new tax reform bill.

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Tags: Tax, USA

Gifting To A Trust

Posted by Pearse Trust on Monday, 04-Dec-2017 09:45:00

In order for a family trust to be properly constituted, some form of asset must be transferred to the trustee to hold upon trust for the benefit of the beneficiaries. The family home, investment properties, securities, a family business, artwork and cash are all examples of assets that are put into a trust.

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Tags: Legal, New Zealand, Trusts

UK SSE Regime Simplified By 2017 Reforms

Posted by Pearse Trust on Wednesday, 29-Nov-2017 13:45:00

The UK offers many advantages as an international holding company jurisdiction which includes the absence of withholding tax on dividend payments to anywhere in the world, broad exemptions from taxation on dividends received and one of the most extensive tax treaty networks in the world. In addition, Finance Bill 2017 included updates which served to make the UK even more attractive in this area with effect from 1 April 2017.

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Tags: United Kingdom, Tax, Shareholders, Shares

Irish Company Re-Registration: What Types Of Entities Can Re-Register?

Posted by Pearse Trust on Monday, 27-Nov-2017 09:45:00

The Companies Act 2014 (the Act) paved the way for convenient re-registration of companies in Ireland. Re-registration is the process in which a company changes from one company type to another, adopting the new characteristics and compliance obligations of that new entity type.

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Tags: Ireland, Legal

5 Common Considerations For Trustees

Posted by Pearse Trust on Wednesday, 22-Nov-2017 13:45:00

Trustees have a duty to manage a trust’s assets in the best interests of its beneficiaries. In order to fulfil this duty, trustees must first be able to identify all of the beneficiaries, either personally or by class. This article will provide an overview of some of the common considerations for trustees of discretionary trusts.

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Tags: Legal, Discretionary Trust

Jimenez V. HMRC - The Effect

Posted by Pearse Trust on Monday, 20-Nov-2017 09:45:00

The UK's High Court of Justice has ruled in favour of the taxpayer in a landmark case concerning limits to HM Revenue and Customs powers to investigate the affairs of UK expats and non-resident persons who have permanently cut ties with the UK.

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Tags: Legal, Tax

Reasons To Settle A Will Trust

Posted by Pearse Trust on Wednesday, 15-Nov-2017 13:45:00

In this blog we will look at some of the reasons why a person would choose to settle a Will Trust in Ireland. An inter-vivos trust is a trust that is created during the lifetime of the settlor or grantor.

A Will Trust, or Testamentary Trust, is a trust which arises upon the death of the testator and is specified in his or her Will. The Trustees of the Trust will usually be the Executors of the Will.

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Tags: Legal, Trusts

Understanding A Trust Deed

Posted by Pearse Trust on Monday, 13-Nov-2017 09:45:00

Understanding a trust deed is a duty of trustees. It can also be important for professional advisers or other parties that may interact with a trust and that have access to the deed. The trust deed sets out all the terms of the trust and acts as guidance on how the trust should be managed. It grants powers and discretions to the trustees. In essence, a trust deed sets out the rules of a trust.

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Tags: Trusts