The Wealth Finance Brief - September 2017

In this quarter's edition of The Wealth Finance Brief, we focus on the art world and the long awaited proposals for reform of the security law following the announcement of the Goods Mortgages Bill.

Another topical subject in the private banking world is the changes to the taxation of non-UK domiciliaries owning residential property in the UK, which are expected to receive Royal Assent imminently and which will necessarily affect the structure of lending transactions in this area. Our tax team provides an update and briefing on this subject. We also outline the Government's proposals to establish a register of beneficial ownership information for overseas legal entities that own or are purchasing UK property.