European Union: Wealth & Asset Management

Wealth tax in Hungary 2026: who could be affected by the proposal, which assets could be taxable, and when might the first filing and payment deadline fall?

With AIFMD II now transposed into Maltese law, fund promoters, asset managers and family offices have access to new regulatory pathways for establishing loan origination and private credit vehicles in Malta. The revised framework expressly permits corporate lending by Alternative Investment Funds, while the updated NAIF regime brings loan origination within scope, opening doors to EU-wide distribution through the AIFMD marketing passport.

Often the greatest challenge for individuals and families is not generating that wealth but managing its transition from one generation to the next. Ensuring that your children and possibly their children do not have financial worries (or less) and moving wealth from one generation to the next is often one of the greatest challenges, and preserving that wealth for future generations often requires a different strategy.

As France transitions from a challenging summer marked by devastating wildfires into autumn, residents face important financial updates including revised tax payment schedules and increased savings account interest rates. This comprehensive financial update covers everything from Prufund investment performance and market resilience to government energy-efficiency funding changes, providing essential guidance for expatriates and French residents navigating their financial planning

The Italian Revenue Agency has issued a significant ruling clarifying that VAT exemption and customs duty relief for personal property imported during a transfer of residence to the EU may apply even when assets are held through foreign corporate vehicles. This guidance addresses critical questions about possession requirements and asset use for high-net-worth individuals relocating to Italy with pleasure yachts and other personal assets.

Belgian family offices and fund-of-funds utilizing the Privak regime face unique challenges when investing through Luxembourg structures, particularly regarding tax-neutral status requirements and participation exemption conditions. The look-through treatment of transparent entities like SCSps can create complications with underlying assets, prompting the need for alternative structuring solutions that maintain compliance while accommodating diverse investor bases.

Malta’s corporate tax regime is designed to support international businesses, offering a compliant and flexible framework for companies operating across borders.

Ireland's Department of Enterprise, Trade and Employment has launched a public consultation on modernising the limited partnership framework established under the Limited Partnerships Act 1907. The consultation seeks stakeholder input on three key reforms: increasing the cap on partner numbers, introducing a whitelist of permitted activities for limited partners, and allowing capital contribution withdrawals during the partnership's lifetime.

Professional services firms in the UK face critical decisions about private capital investment as firm size, generational shifts, and evolving governance requirements create new pressures and opportunities. This analysis examines how these three interconnected factors are influencing leadership attitudes and strategic choices around external investment in traditionally partnership-based businesses.