Isle of Man Trust Law Reform: the Trusts and Trustees Act 2023   By the Trust and Trustees Act 2023, the Isle of Man introduced substantial reforms which bring its legislation in line with the most contemporary trust legal systems. This is achieved through amendments to the existing trusts legislation as well as through a...Read More

global elite villa d’este 2023   Capital Trustees is delighted to be a partner of this year’s International Private Client Forum, organized by Private Client Global Elite and taking place at Villa d’Este, Lake Como on 15-18 November. Filippo Turato will be attending this three-day event, together with leading private client professionals from across the...Read More

PRIVATE CLIENT GLOBAL ELITE   Capital Trustees is delighted to be a partner of this year’s International Private Client Forum, organized by Private Client Global Elite and taking place at Villa d’Este, Lake Como on 15-18 November. Filippo Turato will be attending this three-day event, together with leading private client professionals from across the globe,...Read More

SOUTH AFRICA: NEW REPORTING OBLIGATIONS FOR TRUSTEES In 2021, the Financial Action Task Force (FATF) published its Mutual Evaluation Report on South Africa, summarizing the effectiveness of South Africa’s anti-money laundering and counter-terrorism financing measures. The main shortcomings related to the difficulties in obtaining accurate, updated, and adequate beneficial ownership information about companies and trusts...Read More

FOREIGN OWNERS IN CANADA MUST REGISTER TO PAY A NEW TAX ON “UNDERUSED” PROPERTY Most foreign individuals, companies and other entities that own residential properties in Canada must now file a return even if no tax is due. This is one of the requirements of the new “Underused Housing Tax Act” (“UHT”) effective for the calendar...Read More