Bespoke - for private clients
Friday, January 14, 2011 | Posted by: Francesca Lagerberg
Categories:
Personal
| Tags: tax planning,
inheritance tax,
IHT,
relief,
trading,
exemptions,
estate planning,
BPR,
Business Property Relief,
estate management,
APR,
farming,
holding of investments,
Agricultural Property Relief
Inheritance tax (IHT) is increasingly becoming a major tax burden. Despite assurances in various election manifestos, little has been done by the new coalition government to alleviate this and with a black hole in the economy to fill, the prospect of a major reform seems increasingly unlikely. With this in mind, a recent case reached an interesting conclusion, which may be important for landowners to consider as the IHT savings could be significant.
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Wednesday, January 12, 2011 | Posted by: Francesca Lagerberg
Categories:
Personal
| Tags: tax,
HMRC,
2012 Olympics,
sports,
sports stars,
Andre Agassi,
Usain Bolt,
sports personalities,
2011 Champions League,
high rate earners 50%
HM Revenue & Customs (HMRC) has one of the most aggressive approaches to the taxation of overseas sports stars in the world. It can even lead to situations where competitors face suffering a UK tax liability in excess of what they could earn in appearance fees or prize money from the tournament. Therefore more and more sports stars are avoiding the UK for tax purposes, denying British fans from seeing their sporting heroes in person.
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Thursday, January 06, 2011 | Posted by: Gary Woods
Categories:
Business,
Personal,
Protecting your wealth
| Tags: business,
tax,
HMRC,
VAT,
Gary Woods,
aircraft,
residence,
jets,
flying,
planes,
sailing,
Santa,
European Court of Justice,
transport,
boat
If you’re thinking of trading in your boat or jet for a newer model in 2011, you may find the cost adds up to more than you think. As we’re still feeling festive, let’s take Santa and his sleigh for a ride through the new VAT rules.
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Thursday, January 06, 2011 | Posted by: Fiona Cullinan
Categories:
Business,
Personal,
Protecting your wealth
| Tags: tax,
entrepreneurs,
tax planning,
property,
inheritance tax,
CGT,
income tax,
Sue Knight,
pensions,
IHT,
income,
debt,
reduce,
pilot trusts,
minimise,
capital gains,
strategies,
savings,
personal
Don’t miss our excellent money-saving series from Sue Knight, Director, Tax. Here’s a roundup of her posts on strategies for reducing your income tax, capital gains tax and inheritance tax burdens.
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Tuesday, December 21, 2010 | Posted by: Fiona Cullinan
Categories:
Business,
Personal,
Protecting your wealth
| Tags: links,
HNWI,
Bespoke,
wealth,
blog,
wealth management,
best,
2010,
wealth protection,
HNW
In case you missed them first time around, here are our top 10 posts of the year, reflecting the interests and concerns of the HNW community.
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Friday, December 10, 2010 | Posted by: Fiona Cullinan
Categories:
Business,
Day in the life,
Personal,
Protecting your wealth
| Tags: tax,
entrepreneurs,
links,
HNWIs,
capital gains tax,
CGT,
technology,
Bespoke,
magazine,
relief,
James Caan,
will,
investments,
fraud
There’s a flavour of Victorian adventure, melodrama and high-level swindling in our latest issue of Bespoke magazine – Grant Thornton’s twice-yearly magazine for the HNW community. It’s also available to download (see below) so here’s a preview of what’s inside, including practical financial insights, riveting reads and tales of the good life.
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Thursday, December 09, 2010 | Posted by: Sue Knight
Categories:
Business,
Protecting your wealth
| Tags: tax,
tax planning,
property,
capital gains tax,
CGT,
income tax,
Sue Knight,
pensions,
income,
reduce,
minimise,
investments,
strategies,
savings,
personal,
Finance Bill 2011,
wrapper
The publication of draft clauses for the Finance Bill 2011 is imminent and no doubt there will be opportunities for some and disappointment for others. One thing is certain: the 50% income tax rate for those with incomes over £150,000 is likely to be with us for the foreseeable future, putting income tax reduction on the agenda for many. Although it has been interesting to hear a number of politicians from different parties talking about it as a ‘temporary tax’.
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Friday, December 03, 2010 | Posted by: Fiona Cullinan
Categories:
Personal
| Tags: HNWIs,
HNWI,
Bespoke,
magazine,
Bespoke magazine,
aircraft,
hobbies,
Tony Bianchi,
flying,
planes,
vintage,
aviation,
classic,
Spitfires,
restoration,
flight
Meet Tony Bianchi, a man who has spent a lifetime building, restoring and flying planes of all eras. Our third feature on unusual hobbies checks out an original flying ace …
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Wednesday, December 01, 2010 | Posted by: Fiona Cullinan
Categories:
Personal
| Tags: links,
HNWIs,
China,
charity,
banking,
divorce,
Liechtenstein,
Switzerland,
art,
investments,
gold,
wine
Our monthly pick of the web as it relates to high earners and HNWIs.
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Wednesday, December 01, 2010 | Posted by: Sue Knight
Categories:
Protecting your wealth
| Tags: tax,
tax planning,
HMRC,
HNWIs,
Sue Knight,
pensions,
Employer Financed Retirement Benefit Scheme,
retirement,
EFRBS,
remuneration,
high earners,
Finance Bill 2011,
QNUPS
When the taxman turned his spotlight on Employer-Financed Retirement Benefits Schemes in 2009, it was with the aim of making this kind of tax planning less attractive. A year on, the death knell for EFRBS tax advantages may be sounding, but an alternative pension pot for high earners may live on.
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