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The Things That Matter

Issue 3: October 2024

The Things That Matter

Editor's note

Victoria Pigott, Partner, Mishcon Private

Welcome to The Things That Matter, providing you with updates and insights on developments in the family office landscape. In this edition, we announce our Non-Dom Hub.

Clients have been talking to us recently about various topics including the the impact of deepfakes on the UK general election, whether a stepchild can benefit from a family trust, options available to high-net-worth individuals considering relocating, the new 20% VAT charge on private school fees, plus more.

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Mishcon Private: Non-Dom Hub

With the Autumn Statement being announced on 30 October, keep up to date and receive our latest insights on how individuals currently living in the UK, those considering relocation and/or investing in the UK, and those who are from the UK originally, but currently live elsewhere, will be affected.

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Shaping a non-dom tax regime which generates tax

Our Private Wealth and Tax team take a look at how the UK's proposed non-dom changes were originally hailed as not only removing unfairness in the tax system, but also as a tax-generating measure.

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The impact of deepfakes on the UK general election

The use of deepfakes, and their sophistication is accelerating. Our experts explore the risks to democracy from manipulated content, such as video or audio clips that incriminate politicians, or doctored campaign materials.

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Can a stepchild benefit from a family trust? The case of Marcus v Marcus

Family trusts and wills have been slow to evolve with mainstream society's acceptance of families not necessarily nuclear in nature, including children not related by blood. Our experts examine how as a result, there has been an increase in court cases about which relations can benefit from family wealth.

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HNWs on the move: Hannah Barnett and Fran Rance for Tatler

In an article for Tatler's Experts Corner, our immigration experts explore the various options available for high-net-worth individuals considering relocation. They discuss the shifts in the UK's immigration pathways and the implications of recent policy changes on high net worth migration.

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