In its judgment recently delivered in cases C-684/24 and C-685/24, the Court of Justice of the European Union addressed a particularly sensitive issue, clarifying the limits within which access to the registers of beneficial owners of trusts (which also extends to Italian-law fiduciary mandates) may be granted. The ruling is expected to have significant implications for national legal systems across EU Member States, requiring a review of domestic legislation, wi...
In an era characterised by the increasing international mobility of individuals, families, businesses, and assets, effective and well-structured succession and estate planning has become essential to ensure legal certainty and to preserve and protect wealth across generations.
Cross-border estates frequently involve complex interactions between different legal systems, tax regimes, and administrative authorities. Without careful preparation, heirs may face...
The Trusts (Jersey) Amendment Law, adopted by the Assembly of the States of Jersey on 12 December 2025, represents one of the most significant reforms of the Trusts (Jersey) Law 1984 in recent years. Having entered into force shortly after its approval and pending formal sanction by the Royal Court, the Law responds to concrete practical needs identified by professionals in the fiduciary sector and seeks to modernise and clarify fundamental aspects of trust law w...
On 26 November, the Labour government presented the Autumn Budget, describing it as a programme of “fair and necessary choices” intended to advance its commitments to ease living costs and reduce public debt and borrowing.
The main tax measures introduced in the Budget are summarised below.
Personal Taxation and National Insurance
Frozen thresholds and National Insurance amendments
Income tax and NIC thresholds extended to 2031: The current personal allowan...
The UK government has announced plans to centralise anti-money laundering and counter-terrorism financing (AML/CTF) oversight for legal, accountancy, and trust and company service providers (TCSPs) under the Financial Conduct Authority (FCA).
This restructuring follows the 2023 public consultation on reforming the country’s AML supervisory framework. Under the new approach, the Solicitors Regulation Authority (SRA)—currently the largest of the 22 professional bo...
