FATCA 2014 the final nail in the coffin

Fiduciary Wealth Team

We wish you all a peaceful and prosperous New Year: however we need to warn you that the rash of inter governmental agreements that were concluded in 2013 together with the introduction of FATCA as a forthcoming standard for financial disclosure, likely to be fully implemented by the middle of 2014, means that anyone holding assets that have not been reported may well face an extremely uncomfortable time. You will see from the attached document that Gibraltar has recently signed what is effectively a FATCA agreement with the UK and the UK and Spain already share information.

The window of opportunity is quickly closing and we can only suggest you contact us now in order that we can help you moving forward to put your financial affairs in order and mitigate tax in the most effective way possible.

Happy New Year!