The UK’s 2017 Finance Bill was published on 5th December. This provides the draft legislation for many tax changes to take effect from April 2017. STM Group Plc highlights some of these changes as follows.
The STM Life Portfolio Bond
STM Life announces the launch of the STM Life Portfolio Bond with simplified charges to create an incredibly competitive product for the single premium bond business.
Business as usual for STM
The Brexit vote has resulted in volatility within the financial markets and perhaps some confusion as to the types of goods and services which will be affected by those businesses whose products are sold internationally. Until such time as Article 50 is triggered and an exit is negotiated, Gibraltar and the UK are still very much in the EU and therefore there are currently no changes to the laws by which Gibraltar and UK companies are governed.
UK Residential Property Tax Changes
A number of Gibraltar residents own UK residential property. This may be a former home, a holiday home or purely an investment (popular, particularly at a time when interest rates are relatively low). It may be owned by a resident individual, company, trust or pension scheme. Sometimes several properties are owned using more than one […]