Top Ten Tax & Trust Lawyers
‘It’s been very busy,’ says the impressive Bart Peerless. ‘The work is changing from quarter to quarter. We had the non-dom rules, the Finance Act that wasn’t, and then the Finance Act coming back.’
Nevertheless, Peerless notes some continuity in his work: clients still come to him for the usual range of succession and tax issues (‘I don’t think that’s changed’), and yet the prevailing uncertainty (‘unfortunately, there’s buckets of that’) has arguably altered their priorities. ‘Clients are more concerned about high levels of taxation and risk,’ he
says, arguing that the government would be wise, once the non-dom rules have taken effect, to opt for a period of stability.
But while Peerless has been focused on these short-term challenges, he also sees the bigger picture. ‘It’s one of those moments in history when there’s a pendulum swing, driven by the need for governments to raise tax and concerns about wealth inequality,’ he explains.
And how will that go? He’s optimistic. ‘A lot of international people are here, and I doubt they’ll leave in droves. There’s relatively few people for whom it’s worth claiming their remittance basis of taxation. But you can never prove the negative of people not coming.’
Peerless feels ideally placed in a large team, meanwhile: ‘You need to keep your business diverse. Clients are focused on risk within their legal teams; size counts. We’re winning the pitches.’