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UK: Draft legislation of Finance Bill 2020

www.cms-lawnow.com/ealerts/2019/07/finance-bill-2020-draft-legislation-published bit.ly/2kaIaym www.tltsolicitors.com/insights-and-events/insight/the-return-of-the-crown-preference-from-6-april-2020/ www.rpc.co.uk/perspectives/tax-take/corporate-tax-update-august-2019/ Update:www.dlapiper.com/en/uk/insights/publications/2020/11/reintroduction-of-uk-crown-preference/www.rlb-law.com/briefings/corporate/the-sting-in-the-tail-in-the-finance-act-2020/ 0
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US: IRS releases proposed PFIC Regulations

www.sidley.com/en/insights/newsupdates/2019/07/proposed-pfic-regulations-releasedmnetax.com/us-irs-releases-proposed-pfic-regs-withdraws-2015-regs-on-insurance-exception-34861www.dechert.com/knowledge/onpoint/2019/7/irs-releases-proposed-tax-regulations-on-pfics–including-guidan.html www.dlapiper.com/en/us/insights/publications/2019/08/new-proposed-tax-regulations-affecting-certain-pfics/ us.eversheds-sutherland.com/NewsCommentary/Legal-Alerts/222539/Legal-Alert-Long-awaited-passive-foreign-investment-company-proposed-regulations-focus-on-insurance Update:www.goldinglawyers.com/form-8621-instructions-the-basics-to-irs-pfic-reporting-in-a-nutshell/?utm www.sidley.com/en/insights/newsupdates/2020/12/final-and-proposed-pfic-regulations-provide-further-guidance-for-non-us-insurance-companiestax.weil.com/legal-developments/the-treasury-department-releases-final-and-proposed-pfic-regulations/#page=1www.ey.com/en_gl/tax-alerts/us-final-and-proposed-pfic-regulations-provide-a-mix-of-favorable-and-unfavorable-provisionstax.weil.com/legal-developments/the-treasury-department-releases-final-and-proposed-pfic-regulations/#page=1www.irs.gov/pub/irs-drop/td-9936.pdfwww.cadwalader.com/brass-tax/index.php?nid=32&eid=143www.irsstreamlinedprocedures.com/form-8621-passive-foreign-investment-company-reporting/bit.ly/3q5q4febit.ly/3JSjfGtt.ly/M0t4 0
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Australia: Family Trusts

www.ato.gov.au/General/Trusts/www.cgw.com.au/publication/are-family-trusts-protected-from-divorce/www.scanlancarroll.com.au/news/is-trust-property-protected-against-an-ex-spouses-claim/kkilawyers.com.au/blended-families-and-family-trusts/What is a Family Trust, and How Does a Family Trust Work? – Chamberlains Law Firm See also:www.rigbycooke.com.au/family-trust-election-what-is-it-and-do-i-need-one/www.cgw.com.au/publication/it-depends-should-i-exclude-foreign-persons-as-beneficiaries-of-my-family-trust/#page=1www.cgw.com.au/publication/it-depends-what-happens-to-my-family-trust-when-i-die/#page=1cgw.com.au/publication/it-depends-does-my-family-trust-deed-need-to-be-stamped/#page=1www.moores.com.au/news/family-trusts-and-asset-protection-has-the-decision-in-owies-v-jje-nominees-changed-the-game/ 0
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UK: Residence Nil-Rate band against Inheritance Tax – will your Estate qualify?

www.wrigleys.co.uk/news/property/residence-nil-rate-band-against-inheritance-tax–will-your-estate-qualify/ bit.ly/2m35FtXwww.kingsleynapley.co.uk/insights/blogs/real-estate-law-blog/are-you-avoiding-property-inheritance-tax Update:50,000 more to pay IHT by 2028, Laura Walliss (stevens-bolton.com)www.keystonelaw.com/keynotes/how-is-inheritance-tax-calculated-in-the-ukanthonygold.co.uk/latest/blog/nil-rate-band 0
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US: Remedying the Inadvertent Termination of an S Corporation Election

www.jdsupra.com/legalnews/remedying-the-inadvertent-termination-66147/ frostbrowntodd.com/tax-attributes-that-protect-from-income-taxes-as-property/#page=1Failed S Election – Fatal Flaw or Fixable Mistake? (kriegdevault.com)Did you know there are self-help and streamlined ways to fix defects in S Corporation status? | Taft Tax Insights See also:taxblog.dickinson-wright.com/2019/09/f-drops-it-is-not-a-profane-concept-for-s-corporations/ www.wolterskluwer.com/en/expert-insights/how-make-s-corporation-electionwww.cstaxtrustestatesblog.com/2022/11/articles/irs/new-irs-revenue-procedure-provides-relief-for-certain-inadvertent-terminations-of-s-elections/#page=1 0
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