Expert Legal Insights / Articles tagged "LDF"

The 2015 Budget included the following measures of particular interest to private clients:
– deeds of variation – a review of their use will be launched in the Autumn
– disclosure facilities – the UK’s existing disclosure facilities will close early
– restrictions to Entrepreneurs’ Relief

In addition the Budget documents confirm which measures (including those which were announced at the time of the Autumn Statement or earlier) will be introduced before the election and which measures will be held over until the next Parliament.

Anyone wanting to avail themselves of the Liechtenstein Disclosure Facility (LDF) might want to do so quickly or risk having to transfer a significant portion of their offshore wealth to Liechtenstein and leave it there for at least two years. The LDF allows UK taxpayers, with assets in Liechtenstein, to clear all undeclared UK tax […]

The Liechtenstein Disclosure Facility (LDF) has been extended by a year to 5 April 2016. This could be good news for anyone wishing to take advantage of the facility. The LDF allows individuals to clear all undeclared UK tax liabilities in relation to their worldwide assets by making a lump-sum payment of the tax and […]

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