Bespoke - for private clients

How an HMRC letter about £3,000 of income turned into a £275,000 tax bill

Tuesday, February 15, 2011 | Posted by: Dave Jennings
Categories: Personal, Protecting your wealth | Tags: tax, HMRC, Dave Jennings, undisclosed income, case, out of time, tribunal, appeals

As tempting as it may be to stuff unopened HM Revenue & Customs (HMRC) envelopes down the sofa or behind the clock, details of a recent tax tribunal decision may change your mind. This is a real horror story of HMRC turning a £3,000 initial risk into a £275,000 problem and the possibility of bankruptcy.

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Fraudsters, due diligence and how not to get conned

Thursday, February 10, 2011 | Posted by: Fiona Cullinan
Categories: Personal, Protecting your wealth | Tags: business, due diligence, security, fraud, ID theft, deep web mining, forensics, checks, passwords, evidence

It may feel uncomfortable to question the integrity of people we meet, but a little circumspection goes a long way, says Chris Clements, Partner, Forensic & Investigation Services, Grant Thornton.

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Trophy pigeons, champagne showers and find out your global wealth ranking – wealth links

Tuesday, February 08, 2011 | Posted by: Fiona Cullinan
Categories: Personal | Tags: links, yachts, inheritance, private banking, pre-nuptials, pre-nups, philanthropy, fraud, rich list, Swiss watches

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Our regular pick of the web as it relates to high earners and HNWIs.

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Rising school fees? Setting up a trust fund could be more than just educational

Tuesday, February 01, 2011 | Posted by: Stuart Maggs
Categories: Protecting your wealth | Tags: tax, capital gains tax, inheritance tax, CGT, IHT, education, divorce, trusts, trust, Stuart Maggs, tuition, stamp duty land tax, family trust, bankruptcy, school fees, trust fund

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There comes a time in some people’s lives when their thoughts turn to their grandchildren and whether they can help ensure that they get a good education and a proper start in life. Family trusts offer a way to do this while also offering tax savings.

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