Skip to content

The city has been a consistent magnet for global investments across diverse asset classes. Presently, leveraging local UK ownership structures has become increasingly vital for investors looking to bolster their operations in London and facilitate seamless cross-border transactions.

In London, a convergence of people, capital, and innovative ideas creates a dynamic landscape. Recognized as a leading city in the Global Financial Centre Index 21, London’s allure stems from its culturally diverse workforce of 4 million people, proficient in some 230 languages and boasting expertise across various fields.

As the preeminent finance hub in Europe and a key player in the global financial markets, London maintains optimal conditions for international financial services companies to thrive.

St. George’s House,
60 Grosvenor,
London W1K 3HZ,
United Kingdom

Phone
+44 (0) 20 7434 6000

Email
info@veragroupltd.com

Our London Team Leaders

Our Insights

We’re excited to announce that we’ve officially relocated to a new office space!
UK assets have always been subject to Inheritance Tax but non-UK assets held in non-UK trusts settled by UK non-domiciled residents have been excluded so far. The Autumn Budget 2024 delivered on the 30th October has removed IHT protection for non-UK trusts from 6 April 2025, but some transitional rules has been introduced which soften its impact.
Autumn Budget 2024 – Non-domicile tax regime abolished from 6th April 2025 The Chancellor of the Exchequer presented her Autumn Budget 2024 to Parliament today, Wednesday the 30th October 2024. It is confirmed that the Non-domiciled tax regime will end on the 6th of April 2025. The UK Chancellor Rachel Reeves confirms abolition of non dom regime. Temporary Repatriation Facility regime to be extended from 2 to 3 years.
HMRC’s Wealthy team is sending letters to taxpayers who they believe should have paid the remittance basis charge for 2022/23. Taxpayers who have been UK residents for 7 out of 9 years, or 12 out of 14 years, must amend their returns and pay a £30,000 or £60,000 charge, or switch to the arising basis, within 60 days. Failure to correct errors may result in penalties, additional tax, and interest.
The Italian government issued a Decree doubling the flat tax on foreign income and gains from €100,000 to €200,000, with gains from the sale of qualified shareholdings in the first five years still exempt. The Decree takes effect on August 10, 2024, and applies only to individuals transferring tax residency to Italy after this date. Residency is defined as a person’s habitual abode, based on both factual presence and intent. Existing beneficiaries of the €100,000 flat tax are not affected by the increase. The Decree must be converted into law by Parliament within 60 days and may be amended during this process.
EU Directive implementing mandatory disclosure rules seen as unconstitutional in Poland

Our Locations

London

The city has been a consistent magnet for global investments across diverse asset classes. Presently, leveraging local UK ownership structures has become increasingly vital for investors looking to bolster their operations in London and facilitate seamless cross-border transactions.

In London, a convergence of people, capital, and innovative ideas creates a dynamic landscape. Recognized as a leading city in the Global Financial Centre Index 21, London’s allure stems from its culturally diverse workforce of 4 million people, proficient in some 230 languages and boasting expertise across various fields.

As the preeminent finance hub in Europe and a key player in the global financial markets, London maintains optimal conditions for international financial services companies to thrive.

St. George’s House,
60 Grosvenor,
London W1K 3HZ,
United Kingdom

Phone
+44 (0) 20 7434 6000

Email
info@veragroupltd.com

Our London Team Leaders

Our Insights

We’re excited to announce that we’ve officially relocated to a new office space!
UK assets have always been subject to Inheritance Tax but non-UK assets held in non-UK trusts settled by UK non-domiciled residents have been excluded so far. The Autumn Budget 2024 delivered on the 30th October has removed IHT protection for non-UK trusts from 6 April 2025, but some transitional rules has been introduced which soften its impact.
Autumn Budget 2024 – Non-domicile tax regime abolished from 6th April 2025 The Chancellor of the Exchequer presented her Autumn Budget 2024 to Parliament today, Wednesday the 30th October 2024. It is confirmed that the Non-domiciled tax regime will end on the 6th of April 2025. The UK Chancellor Rachel Reeves confirms abolition of non dom regime. Temporary Repatriation Facility regime to be extended from 2 to 3 years.
HMRC’s Wealthy team is sending letters to taxpayers who they believe should have paid the remittance basis charge for 2022/23. Taxpayers who have been UK residents for 7 out of 9 years, or 12 out of 14 years, must amend their returns and pay a £30,000 or £60,000 charge, or switch to the arising basis, within 60 days. Failure to correct errors may result in penalties, additional tax, and interest.
The Italian government issued a Decree doubling the flat tax on foreign income and gains from €100,000 to €200,000, with gains from the sale of qualified shareholdings in the first five years still exempt. The Decree takes effect on August 10, 2024, and applies only to individuals transferring tax residency to Italy after this date. Residency is defined as a person’s habitual abode, based on both factual presence and intent. Existing beneficiaries of the €100,000 flat tax are not affected by the increase. The Decree must be converted into law by Parliament within 60 days and may be amended during this process.
EU Directive implementing mandatory disclosure rules seen as unconstitutional in Poland