STEP Journal: Issue 1, 2020

As we enter a new decade, there is no better time to embrace a new way of sharing ideas and knowledge among STEP practitioners. Our Head of Editorial explains the motivation behind some of the bigger changes on page six, including the reduction of our print issues from ten to six per year.

Helen Swire examines how the digital economy is being impacted by increasing transparency and an emphasis on global tax fairness, and asks what will happen to the treatment of virtual assets

Readers will remember the two obligations originally imposed on trustees by the EU’s Fourth Anti-Money Laundering Directive.

Jurisdictions internationally are coming to terms with new economic substance legislation. A recent STEP Journal roundtable, sponsored by IQ-EQ, asked what the regulations will mean for private clients

Greta Pender details the Guernsey trust law’s rules regarding settlor control

Shân Warnock-Smith explores the Hong Kong Court of Final Appeal’s landmark decision on anti-Bartlett clauses

Tony Hind and Chloë Sorda discuss the growing need for more dynamic and enduring family office strategies

William Grace discusses the issuing of Jersey’s first-ever financial penalty against a regulated business

Michelle Chapman considers how practitioners should deal with Larke v Nugus requests in England and Wales

Peter Goodman and Sam Hart review the Office of Tax Simplification’s proposed changes to UK business property relief tax rules

Shai Dover explains the conduct and obligations of public trusts in Israel

Nick Murphy explores important considerations when advising on impact investment portfolios

Alana Petraske, Gina M Pereira and Deidree Bain analyse increased transparency regimes for charities in the UK, Bermuda and the Bahamas

Neasa Coen outlines considerations for charities in the UK when accepting, refusing and returning donations

Ross Belhomme delves into a landmark case in Singapore that led to crypto-assets being recognised as property in law in England and Wales

Richard Joynt explores the evolution of private client and family office investment and how advisors need to adapt

Ben Rose explores the challenges that arise for advisors when high-net-worth clients face criminal investigation

Sally Morris and Emma Littlewood discuss cost consequences for trustees following a recent New Zealand Court of Appeal decision