UK inheritance tax overhaul: key changes and what they mean for your estate
For many UK expatriates, Australia’s sunny climate, beaches and ‘lucky country’ attitude offers a welcome change from Brexit and His Majesty’s Revenue and Customs, responsible for the collection of taxes. As of April 2025 however, changes to UK inheritance tax will re-classify its application on an individual’s worldwide estate, and may have unintended consequences for […]
Taxpayer’s Alert – Managed Investment Trusts: How does it affect you?
Conflicting announcements relating to the Managed Investment Trust (MIT) regime have created uncertainty. We explore the announced changes and the impact for foreign investors. Need to know: Recent proposed legislative amendments and the introduction of Taxpayer Alert TA 2025/1 have resulted in significant uncertainty in relation to the MIT withholding regime to captive MITs. Given […]
