Tax & Trust Lawyers
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Is Boodle Hatfield’s private client and tax team head Simon Rylatt worried about the UK’s appeal to HNWs? ‘Always,’ he says. ‘We need to retain competitive advantage, but political pressures obviously bring challenges to that.’ That’s not to say there aren’t positive signs around: Rylatt also notes a particular influx of clients from the Middle East of late, despite what might seem like a glut of political and regulatory volatility. Rylatt’s clients are particularly concerned by the clash between transparency and privacy, fuelled by recent legislation and cross border information-sharing agreements like the Common Reporting Standard. ‘There’s an acceptance that the authorities want to check the data and see that you’re doing the right things.’

Simon Rylatt