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Praxis and IFM to merge

Guernsey based Praxis Group and Jersey-based IFM Group have announced plans to merge and create one of the largest independent and owner-managed financial services groups headquartered in the Channel Islands. Subject to regulatory approval, the new group will be known as PraxisIFM to reflect the merger of two existing businesses...

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Principal Private Residence Review – the Government’s Response

Under current rules, UK residents disposing of their UK home are able to claim Principal Private Residence Relief (PPR) which in the majority of cases will reduce the capital gain on the disposal of their UK home to nil. Individuals with more than one home can elect which home is...

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Increases in the Remittance Basis User Charge

Chancellor George Osborne also wants to ensure a fair contribution from individuals. As part of this objective he has targeted people who are resident but not domiciled in the UK and who choose to be taxed on the remittance basis. The Remittance Basis User (RBU) Charge was introduced in April...

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