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Tax and Jurisdictions

In late February, news broke that HM Revenue and Customs (HMRC) has set up a new team to investigate the use of Family Investment Companies (FICS) with a focus on Inheritance Tax (IHT).

In late February, news broke that HM Revenue and Customs (HMRC) has set up a new team to investigate the use of Family Investment Companies (FICS) with a focus on Inheritance Tax (IHT).

Paul and Wesley Karger founded TwinFocus Capital in 2006 to offer global ultra-high net worth professional investors, entrepreneurs and families a unique single family office feel within a multifamily office setting: the “multi-single family office”.

Paul and Wesley Karger founded TwinFocus Capital in 2006 to offer global ultra-high net worth professional investors, entrepreneurs and families a unique single family office feel within a multifamily office setting: the “multi-single family office”.

Families are being advised to get their financial affairs in order and brace for an increase in tax bills following the revelation the UK’s tax authority set up a secret unit to probe family investment companies, specifically their use by the wealthy to avoid inheritance tax.

Families are being advised to get their financial affairs in order and brace for an increase in tax bills following the revelation the UK’s tax authority set up a secret unit to probe family investment companies, specifically their use by the wealthy to avoid inheritance tax.

For the first time, legal persons and other entities are obliged to declare their Ultimate Beneficial Owners (UBO) to the Central Register of the Ministry of Finance (MFA).

For the first time, legal persons and other entities are obliged to declare their Ultimate Beneficial Owners (UBO) to the Central Register of the Ministry of Finance (MFA).

This small Mediterranean country—known as the perfect blend of gorgeous coastline and dramatic mountains—has much more to offer than meets the eye.

This small Mediterranean country—known as the perfect blend of gorgeous coastline and dramatic mountains—has much more to offer than meets the eye.