News and insight

Companies subject to the Annual Tax on Enveloped Dwellings (ATED) will need to review before April 2018 whether the new 1 April 2017 ATED valuation date will place them into a different ATED band.

Burges Salmon shortlisted at the Legal Week British Legal Awards 2017 for its work in energy, pensions and private client.

Burges Salmon is winner of the Legal Team of the Year – Large Firm category at the STEP Private Client Awards 2017/18.

This recent judgment provides guidance as to what a trustee must consider when exercising a discretionary power of appointment and commentary on the distinction between bare and discretionary trusts.

The changes to the taxation of non-doms and non-UK trusts are going ahead and will be backdated to take effect from 6 April 2017. We look at what trustees and individuals can do to prepare.

Trustees are required to report trusts with UK tax liabilities using the online trusts register.

Foreign investors can take advantage of UK tax reliefs designed to make inward investment more attractive. Business Investment Relief can be suited to large-scale projects in the right circumstances.

The First Tier Tribunal has rejected HMRC’s argument that the taxpayer’s period of ownership of a property should include time taken between exchange and completion.

The changes to the taxation of non-doms and non-UK trusts will not become law before the Election. However, we still expect them to be introduced this year and to be backdated to 6 April 2017.

The private wealth team from Burges Salmon has been shortlisted in the Law Firm of the Year – London category at the forthcoming Citywealth Magic Circle Awards 2017.

Given the importance of protected trust status, it’s crucial both settlors and trustees understand the steps to take to avoid "tainting" a protected trust, particularly in the context of loans.

The new Electronic Communications Code is designed to promote investment in communications and give greater freedom to operators. But how will it affect landowners?