on Trusts

The December 2024 UK Tax Round-Up reviews recent tax case law developments. Key rulings include the High Court granting rescission of mistaken employee benefit trust (EBT) sub-trust arrangements, and the Upper Tribunal's decision that a repayable EBT loan did not constitute taxable earnings.

Switzerland stands out as an ideal location for setting up a business, due to its economic and political stability, favourable tax rates, and central European location.

The Foundations (Jersey) Law 2009 (the "Law") introduced a new type of entity, the foundation, into Jersey's legal landscape in 2009. This note is a brief summary of the Law.