Modernization of Real Property Taxation in The Bahamas

Legislative amendments effective 1 July 2018 have resulted in changes to the taxing regime for real property.

Privy Council Decision: Beneficial Ownership of Joint Accounts

The Privy Council of the United Kingdom recently handed down a decision which has profound implications for joint-holders of...

Testing the Validity of Pre-Incorporation Contracts in The Bahamas

A recent Privy Council ruling provides very useful insight into the effect and enforceability of contracts entered into prior...

CRS Update From The Bahamas: 2018 Deadlines & Other Matters

As a consequence of its decision to embark on a program of multilateral exchanges under the Common Reporting Standard......

Instituting a New Electricity Regime in The Bahamas

The Electricity Rate Reduction Bond Act 2015 (“ERRBA”) and the Electricity Act 2015 (“EA 2015”) (together “the Acts”) came...

Do you own UK residential property through an offshore company?

If you own UK residential property through an offshore company, it is important to be aware of the tax...

Bahamas Charts a Clear Path – International financial centre remains versatile and resilient

“The Bahamas continues to demonstrate its resilience, diversity and status as a well-regulated and attractive jurisdiction.”

The Criminalization of Corporate Facilitation of Tax Evasion

The United Kingdom’s Criminal Finances Act, 2017 (the “Act”), which came into force on the 30th of September 2017,...

Primeo v HSBC – Landmark Judgment Handed Down in Grand Court

In a landmark judgment in the Cayman Islands Grand Court in August, Justice Jones QC dismissed a claim for...