Bespoke - for private clients
Wednesday, September 23, 2009 | Posted by: Richard Jameson
Categories:
Protecting your wealth
| Tags: HMRC,
Richard Jameson,
tax avoidance,
transfer,
distribution,
HNWIs, high net worth unit,
family wealth,
high net worth individual,
settlement,
Large Business Service,
Organisation for Economic Co-operation and Development,
real-time information,
Protect your wealth
A recent drive to improve working with agents shows, among other things, that HM Revenue and Customs (HMRC) wants to move to ‘real-time’ information on the top 5,000 high net worth individuals. What does this mean for the UK’s richest taxpayers?
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Tuesday, September 15, 2009 | Posted by: Dave Jennings
Categories:
Protecting your wealth
| Tags: tax,
offshore,
Dave Jennings,
tax havens,
disclosure,
Protect Your Wealth,
penalties,
Liechtenstein Disclosure Facility,
tax amnesty,
Liechtenstein,
NDO,
New Disclosure Opportunity,
LDF
What’s Liechtenstein but a sweet old-fashioned notion? What’s Liechtenstein got to do, got to do with it? Who needs a haven when a haven can be broken? With recent pressures on UK investors to disclose offshore funds, Liechtenstein’s status as a tax haven for UK investors is in question. But the new Liechtenstein Disclosure Facility (LDF) seems to offer the most lenient amnesty…
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Monday, September 07, 2009 | Posted by: Sue Knight
Categories:
Protecting your wealth
| Tags: tax planning,
inheritance tax,
income tax,
Sue Knight,
income,
trusts,
tax planning solutions,
taxable income,
high income
The Budget 2009 announcements of the changes affecting high income individuals have brought tax planning into focus. On earned income, with the planned increase in the rate of national insurance contributions from April 2011, the effective rate of tax suffered could be as high as 61.5% on some slices of income.
Here are 10 common scenarios and some tax planning solutions…
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Thursday, September 03, 2009 | Posted by: Mike Warburton
Categories:
Protecting your wealth
| Tags: tax planning,
survey,
divorce,
tax relief,
marriage,
pre-nuptials,
Mike Warburton,
pre-nups,
matrimonial,
settlement,
Heather Mills,
Peter Andre,
Jordan,
celebrity,
Katie Price,
Paul McCartney,
maintenance
A few months ago I joined Jeremy Vine on his Radio 2 show to discuss the tax problems of the wealthy. Sitting in the green room, I was first joined by veteran rocker Joe Brown , complete with guitar, who was on the programme just before me. Shortly afterwards I was joined by Katie Price, complete with hairdresser, chauffeur and minder.
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Thursday, August 27, 2009 | Posted by: Richard Jameson
Categories:
Protecting your wealth
| Tags: HMRC,
Richard Jameson,
Alistair Darling,
Our Charter,
Taxpayers’ Charter
Ever since the Chancellor announced the idea of publishing a charter to offer statutory rights to taxpayers, individuals, businesses, and the tax profession has locked horns with HM Revenue and Customs (HMRC) over what should be included in such a document. However, now we’re getting closer to a final solution, does it really do the job?
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Tuesday, August 18, 2009 | Posted by: Paul Roberts
Categories:
Personal
| Tags: HMRC,
Liechtenstein Disclosure Facility,
tax amnesty,
Liechtenstein,
Offshore Disclosure Facility,
New Disclosure Opportunity,
LDF,
offshore assets,
untaxed income,
Paul Roberts,
Public Accounts Committee
With a few last-minute tweaks, HM Revenue & Customs (HMRC) has now published details of the New Disclosure Opportunity (NDO). As you know, this is aimed at UK taxpayers and encourages them to declare previously untaxed income that has an offshore link. But this worries me and here I’ll explain why…
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Tuesday, August 11, 2009 | Posted by: Sue Knight
Categories:
Protecting your wealth
| Tags: tax planning,
HMRC,
Sue Knight,
HNWI,
tax avoidance,
Protect Your Wealth,
legislation,
banks,
taxation,
code of practice
And so the tax avoidance debate continues to rage. Last month I looked at High Net Worth Individuals and secret funds abroad. This time the focus is on banks – and how a proposed new Code of Practice may affect your tax planning.
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Friday, July 24, 2009 | Posted by: Richard Jameson
Categories:
Protecting your wealth
| Tags: CGT,
Richard Jameson,
private residence relief,
PPR,
income from property,
property trading,
main residence,
MPs expenses,
tax on property income,
capital gains relief
The clamour over MPs’ expenses has died down for now. But when the press revealed a number of individual MPs who had claimed capital gains tax (CGT) relief on the sale of a ‘private residence’, it was a great reminder of just how generous this relief is. So what is it all about – and how do you claim it?
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Monday, July 20, 2009 | Posted by: Paul Roberts
Categories:
Protecting your wealth
| Tags: tax,
HNWIs,
offshore,
compliance,
tax havens,
disclosure,
Protect Your Wealth,
tax amnesty,
Liechtenstein,
Offshore Disclosure Facility,
New Disclosure Opportunity,
OECD,
Paul Roberts,
tax prosecutions
So, a New Disclosure Opportunity (NDO) is on the horizon this autumn. The Government has a large tax gap to fill and will see the NDO as one way to raise funds. For the taxpayer, this means another chance to ‘come clean’ or face the consequences. The question is, should you?
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Thursday, July 16, 2009 | Posted by: Grant Thornton
Categories:
Personal
| Tags: VAT,
Graham Brearley,
aircraft,
jets,
private jet,
European Commission,
legislation change
To fly or not to fly − that is the question facing owners of private jets this week after the UK was told to amend its VAT legislation affecting aircraft weighing more that 8000kg.
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