Mark Davies & Associates Ltd

Autumn Budget and Spending Review 2021 -

CIOT has published HMRC's response to the techncial argument that offshore income gains are sheltered in a protected trust - in short they disagee - taxpayers with 's should seek expert advice on reporting requirements and investment mandate

Deemed domicile trust protections - HMRC response | Chartered Institute of Taxation Our June news item Protected trusts and non-reporting funds - help us gather evidence explained the technical issue with the current legislation, which appears to mean that offshore income gains are not included in the protections. Briefly:

UK Budget 2018 Summary for International Clients -

Mark Davies & Associates Tax Advisers to International Clients

Mark's observations on the Spanish court ruling to throw out Spain's higher IHT for non-EEA residents.

Mark Davies' observations on Spain's IHT reversal for non-EEA residents - Mark Davies & Associates Ltd Spanish court throws out Spain’s higher IHT for non-EEA residents In a landmark case, the Spanish court has ruled that a long-standing and controversial practice of charging non EEA-residents of Spain inheritance tax is discriminatory and therefore, unlawful. Potentially, this sets the stage for t...

Wealthy UK non-doms leaving UK for more favourable climes?

Mass UK wealth exodus follows non-dom uncertainty - Mark Davies & Associates Ltd A flight of wealthy individuals leaving the United Kingdom is blamed on growing uncertainty regarding the legal status of non-doms. The trend was discussed by experts at a wealth mobility event in London last month, sponsored by Locate Guernsey, which was attended by more than 100 private wealth adv...

Mark Davies in the Financial Times

Mark Davies joins the FT to examine the Autumn Budget 2017 - Mark Davies & Associates Ltd Mark Davies joined the panel of experts at the Financial Times to express his views on the Chancellor’s Autumn Budget. From April 2019, subject to consultation, corporation tax or capital gains tax will be charged on gains made by non-residents on the disposal of UK land and property. “Currently cap...

Paradise Papers and Private Jets
http://mdaviesassociates.com/private-jets-vat-crosswind/

Private jets and their VAT: caught in the crosswind? - Mark Davies & Associates Ltd The Paradise Papers have highlighted that private jet owners have been bypassing VAT on purchasing their aircraft. Importing aircraft through the EU and shell companies in the British Virgin Islands, the Isle of Man and Guernsey has enabled owners to avoid paying millions of pounds worth of tax. How...

Catch up with Mark Davies' comments on the Paradise Papers

http://mdaviesassociates.com/mark-davies-paradise-papers/

Mark Davies' observations on the Paradise Papers - Mark Davies & Associates Ltd Panorama’s exposé of the Paradise Papers has uncovered the the tax affairs of many influential and wealthy individuals. However, tax experts are quick to clarify that not all the deals are illegal. Mark Davies highlights that there are some cases of “tax evasion” and other cases involving “tax avoid...

Spear's Wealth Insight Forum is finally here! Keep up with the discussion Spear's

Spear's Wealth Insight Forum 2017 is here! - Mark Davies & Associates Ltd Finally, the day has arrived! In just a couple of hours, the City’s heavyweights will be assembling to discuss the hottest topics at the Spear’s Wealth Insight Forum 2017. They will cover every aspect from geopolitics to property, from private client wealth to luxury, from tax and trust to second ci...

Priya Dutta chosen as a Rising Star Tax Accountant by Spear's!

Priya Dutta chosen as one of Spear's Rising Star Tax Accountants - Mark Davies & Associates Ltd Spear’s Magazine have chosen Priya Dutta as a Rising Star in their Tax Accountants category. Priya is a senior tax manager at Mark Davies & Associates, having joined the boutique advisory firm in February 2017. She provides comprehensive and in-depth advice on domicile, residency, overseas trusts an...

List of Spear's Top 50 Tax Advisers released!

Mark Davies named in Spear's Top 50 Tax Advisers - Mark Davies & Associates Ltd Mark Davies has been named as one of Britain’s Top 50 Tax Advisers by Spear’s Magazine. In the Editor’s Pick, Mark considers tax as ‘a game with ever-changing rules.’ He feels that the recent bad press surrounding the Panama Paper’s leak is ‘misplaced,’ which has led to legitimate structures used fo...

David v. Goliath

Jon Elphick comments on Kellogg's dispute with Thanasi Kokkinaikis over Special K trademark - Mark Davies & Associates Ltd On 8 June 2017, the American cereal manufacturer Kellogg Company (‘Kellogg’s’), which owns the ‘Special K’ trade mark in Australia, and professional tennis player Thanasi Kokkinakis, hit the headlines due to a local trademark dispute over commercial use of his nickname ‘Special K.’ In this article,…