Alexander Erskine
Alexander is a Senior Counsel in the Private Client department at Taylor Wessing LLP. He specialises in complex, cross-border fiscal and succession planning, acting for both individuals and professional trustees. His practice is international in nature, covering primarily Europe and Asia.
Alexander also has particular expertise in UK tax compliance, helping both individuals and professional trustees discharge their obligations and manage their risk in relation to complex positions.
Alexander has advised in relation to complex, high-value HMRC disclosures under different disclosure facilities, unwinding complex asset-holding structures in a tax compliant manner, the creation and administration of structures holding high-value assets, and managing institutional risk in connection with the same.
Alexander is a member of the Society of Trust and Estate practitioners.
Alexander was recognised by the leading Eprivateclient publication as a Top 35 Under 35 in the 2015 and 2018 awards.
Alexander studied Law at Christ Church, Oxford University, graduating in 2006, and qualified as a solicitor in September 2009.
Practice Area
Panel
- Contributing Author
Qualified Year
- 2009
Education
- MA Jurisprudence, Christ Church, Oxford University
1 Contributions by Alexander Erskine
PRACTICE NOTES
UK IHT exit charges for relevant property trusts: scope, calculation, reporting and planning (post-18 Nov 2015)
This Practice Note is intended to be read alongside the following flowchart. For an introduction to the relevant property regime for trusts, see Practice Notes: Trusts—inheritance tax—overview and The meaning of relevant property. The inheritance tax (IHT) charge on relevant property arises on two occasions:
the periodic ten-year anniversary of the settlement’s creation (the principal (ten-year) charge), and
when property (or value) ceases to be relevant property other than on excepted occasions (the exit charge)
For further guidance on the exit charge as it applied prior to 18 November 2015, see Practice Note: before 18 November 2015. This Practice Note examines the calculation of the exit charge on relevant property on or after 18 November 2015 in more detail. The principal emphasis is on inter vivos trusts.
The exit charge—what constitutes an 'exit' subject to charge?
Before moving to the method of calculating exit charges, it is necessary to determine whether the event genuinely amounts to an ‘exit’ that is chargeable. An exit occurs when trust assets no longer comprise relevant property, or when the trustees make a disposition that brings about a reduction in the value of the relevant property. So, for...
Private Client
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