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News
‘Res non-dom’ decreasing amid uncertainty in the UK   The recent release of HMRC’s annual update on non-domiciled (non-dom) taxpayers in the UK reveals the first signs of the so-called “non-doms flight prediction”. Non-dom taxpayers have in fact decreased from 78,700 in 2018 to 78,000 in 2019, also showing that the number of declared domiciled...
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FINMA releases clarification upon trustees’ licence   Following requests coming from various interest groups of the Swiss trust sector, FINMA recently released clarifications with respect to the information to be submitted by operators as part of the application for a trustee licence. The application form made available on FINMA’s platform required to provide details on...
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Consultation over BO’s register continues in Jersey   After the enactment of the Financial Services (Disclosure and Provision of Information) Law, on July 14th, Jersey Government has started discussions over the introduction of secondary legislation over the practical provisions for disclosure of information on beneficial ownership (BO) registers. “Secondary legislation will be crucial in order...
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HMRC demands unlimited access to taxpayers’ financial information   The draft Finance Bill 2020-2021 (coming as an amendment of the Schedule 36 powers in Finance Act 2008) seeks to introduce major civil information powers for HMRC, enabling the agency to issue financial institution notices (FINs), which in turn will force banks and financial institutions to...
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New Bermuda Trusts Act grants more clearness to Bermuda Law users   Bermuda’s House of Assembly recently passed amendments to Bermuda’s Trusts Act 1989. The provision sees the strengthening of the firewall preventing orders from foreign courts to affect Bermuda assets, further clarifying the jurisdiction of the Supreme Court on Bermuda trusts and on foreign...
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Corporate Information

Capital Trustees AG
Trade and companies registry: Zürich No. CHE‑112.645.753
Intra-Community VAT number: CHE‑112.645.753
Registered office: Bleicherweg 50 – 8002 Zürich, Switzerland.

Telephone No.: +41 (0)44 512 5004

Branch office: Via Somaini 10 –
6900 Lugano, Switzerland.

Telephone No.: +41 (0)91 210 5700

Email address:  info@capitaltrustees.ch