Good morning, I thought you may like some Friday (27/6/18) reading focusing on trustee/ trust admin matters, Enjoy J Trusts (Amendment No.7) (Jersey) Law 2018 1. What’s it about? a. Some changes to the Trusts (Jersey) Law were made with effect from 8 June 2018. b. Many of the changes are minor/clarificatory in nature, but […]

Hundreds of thousands of trusts will be hit by sweeping new reporting rules that came into force this week as part of a money laundering crackdown. Trustees will need to give HM Revenue & Customs a detailed picture of the assets held in a trust, as well as the identities of trustees and beneficiaries. The […]

The draft Taxation Law Amendment Bill became available to the public for comment on 8 July 2016. The Amendment Bill contains the proposed incorporation of a new s7C, headed: “Loan or Credit Advance to a Trust by a Connected Person”. On promulgation, s7C is expected to come into operation on 1 March 2017, and will […]