Financial Services

Please click here for Bloomberg Tax’s article Country Guide: The Turks and Caicos Islands by Partner Owen Foley.    

Ariel Misick QC and Jahmal Misick of Misick & Stanbrook successfully defend the Acting Deputy Commissioner of Police of the Turks and Caicos Islands, who, in a unanimous verdict was acquitted of recklessly allowing his private interest to improperly influence his conduct in the performance of this duty as a public official, on 17th November 2014. The Acting Deputy Commissioner was originally charged with five counts of corruption, but after successful legal arguments put forward …

On October 15th, 2013 the New Hotel and Restaurant (Taxation) Ordinance 2013 came into effect. This ordinance amends the former Hotel and Restaurant (Taxation) Ordinance which was into effect prior to October 15th. There is a wide range of new provisions which clients should be aware of. PREMISES TO WHICH THE ORDINANCE APPLIES The first and far-reaching effect of the new Ordinance is that the provisions of the Ordinance apply to any premises used for …

In the clearest sign yet that some buoyancy has returned to the TCI real estate market, the TCI Government has announced changes to TCI’s stamp duty regime. With effect from 1st July 2013:- The previous discount of 10% for payment of stamp duty in a lump sum within 30 days of the date of the instrument concerned will be removed; The rate of stamp duty on TCI land transactions will increase, with the new rates …

Attorney General of the Turks and Caicos Islands and another (Appellants) -v- Ross Richardson (as Trustee in the bankruptcy of Yellowstone Club World LLC) (Respondent) In a recent case before the Privy Council in London, Ariel Misick O.B.E, Q.C. appeared on behalf of the Respondent in an appeal by the Turks and Caicos Islands Attorney General. The case was heard before Lord Hope, Lord Kerr, Lord Reed, Lord Carnwath, and Sir John Chadwich. The TCI …

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