Testamentary Trusts have become, over recent years, popular as a structure used for estate planning purposes providing asset protection and tax benefits associated with these trusts. What is a …
Taxation
OSR Ruling – Definition of a Foreign Person
The Chief Commissioner of State Revenue on 20 December 2016 released Revenue Ruling number G009 relating to the Definition of Foreign Person. Background of Ruling From 21 June 2016, a duty surcharge …
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Land Tax Surcharge on Foreign Persons
A surcharge will apply from the 2017 Land Tax Year in respect of the taxable value of all residential land owned by a foreign person at midnight on 31 December 2016 in any year. A foreign person …