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Inheritance tax relief on charitable donations hits record high UK of £630m

25th August 2015
The total amount of Inheritance Tax Relief claimed against charitable donations made in wills has hit a record high, up 7% on last year* to £630 million, says Wilsons, the leading charity law firm.   Wilsons estimates the total value of bequests from estates over the Inheritance Tax (IHT) threshold last year at £1.6 billion.  […]
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Draft regulations could require disclosure of all but the most basic IHT planning, warns law firm Boodle Hatfield

24th August 2015
Draft regulations have been published that could see individuals and their tax advisers having to disclose participation in all but the most basic of inheritance tax (IHT) planning.  The draft regulations could, says law firm Boodle Hatfield, require even straightforward arrangements to be disclosed, swamping HMRC with information that they do not want or need. […]
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Conveyancing Association responds to Bank of England Inflation Report

6th August 2015
In response to comments made today (Aug 6) by the Governor of the Bank of England and publication of the Inflation Report, Eddie Goldsmith Chairman of the Conveyancing Association said:   “There is still a concern that home-owners across the UK have grown dangerously accustomed to low interest rates, and any sudden rate rise compounded […]
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Towry on Summer Budget

8th July 2015
SUMMER BUDGET: INHERITANCE TAX PERKS, BUT HIGHEST EARNERS SET TO BE HIT BY CHANGES TO PENSION TAX RELIEF “It is excellent news for millions that the inheritance tax threshold has effectively been raised to £1m for couples who are homeowners, with the policy coming into full effect by April 2020.   “The inheritance tax personal […]
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Counting the cost of Grexit Chaos: The Potential Trillion Dollar Impact on M&A

7th July 2015
A disorderly Grexit accompanied by contagion through international financial markets would cost the global economy up to $1.4 trillion in lost mergers and acquisitions activity alone. Such a scenario would have significant repercussions due to the impact on global financial markets, which would be vastly disproportionate relative to the size of the Greek economy. Financial […]
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Olswang advises SP Angel Corporate Finance and Beaufort Securities on the admission to AIM of MySQUAR Ltd

3rd July 2015
International technology, media and telecoms law firm Olswang has advised nominated adviser SP Angel Corporate Finance LLP and broker Beaufort Securities Limited in supporting Myanmar’s internet-based mobile service company MySQUAR on its 1 July admission to trading on the Alternative Investment Market (AIM) of the London Stock Exchange. MySQUAR began operations in 2013 and has […]
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Appleby acts for CIC Gold on the London Stock Exchange

1st July 2015
Offshore law firm, Appleby, advised oxide gold miner and developer CIC Gold Group Limited (CIC Gold) a Seychelles registered company headquartered in Beijing, China in relation to its flotation on the Main Market of London’s Stock Exchange (LSE) on 23 June 2015. The initial offering makes CIC Gold the only Seychelles Company on the Main […]
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DLA Piper acts on China Greenfresh listing

29th June 2015
DLA Piper acted for Essence Corporate Finance (Hong Kong) Limited as the sole sponsor,  Essence International Securities (Hong Kong) Limited as the sole global coordinator, Essence International Securities (Hong Kong) Limited and Haitong International Securities Company Limited as the joint bookrunners and joint lead managers and SBI China Capital Financial Services Limited as the co-lead […]
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Appleby Advised DNB Bank on Genting's Loan Facility

29th June 2015
Leading offshore law firm Appleby acted as Bermuda and Isle of Man counsels to security agent DNB Asia Ltd. (DNB Bank) on its US$300 million term loan facility provided to Crystal Acquisition Company Limited (Borrower). The loan facility, provided together with Credit Agricole Corporate and Investment Bank and Sumitomo Mitsui Banking Corporation, was guaranteed by […]
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European Commission adopts its first Solvency II Equivalence Decisions

9th June 2015
The European Commission has published its first Solvency II third-country equivalence decisions, and they include a few surprises. The Commission has decided that Switzerland is Solvency II equivalent on all three bases - i.e. for group capital calculation purposes, for group supervisory purposes, and for reinsurance purposes. There's no surprise here. These decisions will now be considered by the European Parliament and […]
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