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...Richard Acland’s bequest in 1944, when he was 36, was one of the biggest the National Trust has ever received....
...Labour said this week it would remove two of these measures, including allowing non-doms to shield foreign assets held in an offshore trust from inheritance tax permanently....
...Nor would there be an option to shield foreign assets from inheritance tax by setting up an offshore trust before April 2025....
...One government official said the decision to allow assets held in offshore trusts before April 2025 to be shielded from UK inheritance tax was designed to “provide certainty” for non-doms while the regime...
...In a blow to current non-doms, the government said it would axe a common planning method for sheltering foreign income and gains in trusts before non-doms are deemed UK-domiciled after 15 years, from April...
...And that means one thing — more taxes.”...
...A particular sore point for non-doms was the government’s decision to axe a common planning method for sheltering foreign income and gains in trusts before they are deemed UK-domiciled....
...Meanwhile, trusts set up by non-doms before April 2025 will still be protected from inheritance tax indefinitely....
...Emma Chamberlain, a barrister who specialises in non-dom work and trusts, notes that the tax treatment of trusts for wealthy families remains unclear in the event of a new Labour government abolishing domicile...
...The world’s largest alternative asset manager promised UC an 11.25 per cent annual return from the property fund, called Blackstone Real Estate Income Trust, or Breit, as part of a deal to draw $4.5bn in...
...“It’s important to look beyond the short-term pain of having to think and talk about your own mortality,” said Stacey Love, technical manager in Canada Life’s tax, trusts and estate planning division....
...Long-term resident non-doms can currently take steps before reaching the 15-year point to secure some continued benefits of the regime, such as by setting up non-UK trusts....
...He has said that two mistakes he made early in his career were to do business only with honest people and to trust his gut to identify them....
...Many wine students in the UK will know him best in his subsequent role as an educator at the Wine & Spirit Education Trust....
...Warren Buffett’s Berkshire Hathaway has been thrust into the centre of an antitrust fight over real estate brokerage commissions, with one of its subsidiaries named in a potential class-action lawsuit against...
...Don Hankey, a Los Angeles-based subprime auto loan billionaire, has said two of his biggest early-career mistakes were to only do business with honest people and to trust his gut to pick those people out...
...Four months on from the collapse of his sprawling luxury real estate empire, the Signa Group, Benko — once one of Europe’s youngest billionaires, feted by politicians in Austria and Germany — has come under...
...An index of US CRE real estate investment trusts sits 35 per cent below its highs: Compare that to what forecasters expect for CRE more broadly....
...trust climbed almost 5 per cent after its board said it was “minded to recommend” a proposed takeover by rival Tritax Big Box to create one of the UK’s biggest listed landlords....
...The $60bn Blackstone Real Estate Income Trust generated $2.7bn in cash flows in 2023, mostly in rents, and paid out a distribution of more than $2.8bn, resulting in the first annual shortfall of cash from...
...Two major warehouse owners have reached a takeover deal to create one of the UK’s largest listed landlords, in the latest example of consolidation among real estate investment trusts....
...The novelty for some of these estates, producing all of their own very high- quality wine from estate grown grapes, has attracted buyers, notes Matthew O’Connell at Bordeaux Index....
...The real estate investment trust (Reit) posted a deepening of pre-tax losses for the six months to September 30 due to a swingeing £220mn valuation drop....
...Carrie Duncan, probate partner at Withersworldwide law firm, says this issue arises because the trusts your father created with Standard Life and the other companies are distinct entities from the estate...
...former chair of the government’s independent committee on standards in public life, said voters would be “worried by the scale of misconduct” the analysis revealed, which was likely to further “undermine trust...
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