Bespoke - for private clients
Monday, June 27, 2011 | Posted by: Graham Brearley
Categories:
Personal,
Protecting your wealth
| Tags: tax,
VAT,
legislation,
Graham Brearley,
aircraft,
jets,
private jet,
European Commission,
legislation change,
flying,
executive jet,
airline,
zero-rating
Flying your own plane or executive jet got a lot more expensive this year following a change in the UK VAT law on the supply or importation of private aircraft. Aviation specialist and Senior VAT Manager at Grant Thornton, Graham Brearley, explains why and calls for a simplification of the law.
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Wednesday, June 22, 2011 | Posted by: Mike Hyland
Categories:
Protecting your wealth
| Tags: tax,
tax planning,
income tax,
income,
reduce,
Mike Hyland,
minimise,
strategies,
savings
The top rate of income tax of 50% is the highest since 1988. Coupled with the 1% hike in National Insurance rates from 6 April 2011, the bleak picture for higher earners is that what ends up in their wallet or purse can be significantly less than half of what they earn. Here are 10 suggestions for how to avoid paying too much tax.
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Friday, June 17, 2011 | Posted by: Mike Hyland
| Tags: tax,
HMRC,
consultation,
Mike Hyland,
residence,
non-dom,
Gaines-Cooper,
UK residency,
non-domicile,
non-uk residence,
UK resident
The Government has today released its consultation on the long awaited statutory definition of residence which they are seeking to introduce from 6 April 2012.
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Friday, June 17, 2011 | Posted by: Sue Knight
Categories:
Personal,
Protecting your wealth
| Tags: tax,
HMRC,
offshore,
Sue Knight,
consultation,
domicile,
non-dom,
UK residency,
non-domicile,
non-UK domicile,
remittance,
remittance basis,
remittance basis charge,
UK resident
This could be considered a familiar headline, but once again today, a consultation has been issued by the Government outlining proposed changes to the taxation of non-UK domiciled individuals.
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Thursday, June 16, 2011 | Posted by: Fiona Cullinan
Categories:
Business
| Tags: tax,
HMRC,
disclosure,
penalties,
tax amnesty,
amnesty,
teachers,
eBay,
tutors
Three more groups who are perceived to be underpaying tax are to come under the scrutiny of the taxman.
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Tuesday, June 14, 2011 | Posted by: Stuart Maggs
Categories:
Personal,
Protecting your wealth
| Tags: tax,
property,
capital gains tax,
CGT,
income tax,
residence,
Stuart Maggs,
PPR,
sale,
income from property,
property trading,
development,
reliefs,
plot,
planning permission,
building in your garden,
house,
second property,
let,
land,
garden
From time to time an Englishman stands and stares at his back garden and thinks, “You know, I think there’s room to fit another house in there.” The question of how to develop your property while minimising the potential tax liability then arises – and it’s a regular one for tax advisers.
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Tuesday, June 14, 2011 | Posted by: Grant Thornton
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
advice,
tax reliefs,
questionnaire,
savings,
tool,
tax calculator,
personal tax,
healthcheck,
mitigate
The deficit-funding 2011 Budget has got everyone checking their pockets to see where they can make savings. Could you be paying less tax? Our tax calculator takes just a minute to do and will show you exactly where you can make savings.
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Tuesday, June 07, 2011 | Posted by: Naomi Smith
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
property,
capital gains tax,
inheritance tax,
CGT,
IHT,
divorce,
transfer,
marriage,
partnership,
Naomi Smith,
exemptions,
shares,
spouse,
transferable allowances,
marriage and tax,
civil partner
It may sound harsh but if you’re going to leave your marriage then it’s best to split on 6 April for optimum tax savings and to give you more time to sort out the financial arrangements. Naomi Smith, Tax Manager at Grant Thornton, follows up her post on a dozen tax reasons to get married with some tax-saving facts for those planning a separation.
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Wednesday, May 25, 2011 | Posted by: Mike Hyland
Categories:
Personal
| Tags: tax,
HMRC,
income tax,
deficit,
Mike Hyland,
exemptions,
PSBR,
sport,
Manchester United,
football,
sports,
sports stars,
high rate earners,
UEFA,
concessions,
50% tax rate
The authorities may not be able to tax Barcelona’s football squad when it comes to Wembley on 28 May but Man Utd’s place in the UEFA Champions League Final will guarantee them a tax bonanza.
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Tuesday, May 24, 2011 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
HMRC,
Dave Jennings,
tax avoidance,
Protect Your Wealth,
investigation,
EFRBS,
Employee Benefit Trusts,
EBT settlement opportunity,
litigation,
EBT,
personal tax,
tax changes
High-earning taxpayers who have avoided or deferred tax and national insurance contributions through the use of Employee Benefit Trust (EBT) arrangements are the latest targets of the taxman, following the announcement by HM Revenue & Customs (HMRC) of a new EBT settlement opportunity on this type of tax planning.
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