2020 established the first year in Britain's modern history when house prices and activity levels rose during a recession. Annual house price growth has finished the year at +7.3% (Nationwide data, the Halifax index put it at less optimistic +6.0%). Data from the most extensive UK property index Zoopla showed that at the end of 2020, housing market activity runs well above of 2019 levels…

Land reform continues with essential changes in the legal landscape. In the upcoming Parliament session, the new piece of legislation...

Ras Al Khaimah (RAK), is one of seven emirates of the United Arab Emirates (UAE). RAK is regarded to have the highest degree of industrialization in the UAE. This location is a prospective destination for a large number of foreign investors and business owners because of the recent favourable legislation for foreign holding and financial companies. The RAK enacted a law allowing for the formation of foreign owned International Business Companies (IBC) called the “Ras al Khaimah International Corporate Centre Business Companies Regulations of 2016”.

Many parts of the UK experience rapid house price growth this autumn. Nationwide lending bank says the acceleration is robust...

What does the Office of Tax Simplification (OTS) advising the Treasury to consider precisely? Their first report released on Nov 11 covers principles underpinning CGT and policy design. Since the Government is actively looking for ways to repair the public finances, it puts the Treasury under pressure to raise the level of CGT. Their recommendation of alignment of CGT rates with income tax may lead to effective top CGT rate of 45%.

An offshore jurisdiction is not just a country with favourable tax conditions. It is a territory with a regulatory regime useful for business, financial and personal purposes. In 2020, the emphasis on the use of offshore jurisdiction has shifted from business to personal matters.