Bespoke - for private clients
Wednesday, August 24, 2011 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax,
HNWIs,
property,
CGT,
income tax,
Dave Jennings,
investigation,
income,
tax evasion,
Tax Investigations,
social networks,
landlords,
buy to let,
undeclared,
undisclosed
Are taxpayers with undeclared income like needles in a haystack or are they sitting ducks for the taxman? As the Government looks with renewed vigour at tax avoidance and tax evasion in order to raise the tax take, many of you are asking: ‘How can HM Revenue & Customs (HMRC) find out about my undisclosed income?’
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Wednesday, August 17, 2011 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax,
entrepreneurs,
HMRC,
offshore,
income tax,
government,
Dave Jennings,
tax avoidance,
budget,
disclosure,
investigation,
penalties,
income,
relief,
Liechtenstein,
Liechtenstein Disclosure Facility,
amnesty
The plumbers amnesty (Plumber’s Tax Safe Plan or PTSP) that HM Revenue & Customs (HMRC) launched in March, was criticised as being a ‘damp squib’ at the time after a low take-up with many plumbers unconvinced that HMRC had any information about any undisclosed earnings. HMRC has hit back with news that it has arrested five plumbers on suspicion of tax evasion.
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Tuesday, August 09, 2011 | Posted by: Naomi Smith
Categories:
Business,
Protecting your wealth
| Tags: business,
tax,
property,
inheritance tax,
IHT,
relief,
liability,
Naomi Smith,
value,
estate planning,
IHT planning,
APR,
farming,
exemption,
agriculture,
agricultural property relief,
farms,
leasing
Agricultural property relief doesn’t always offer farmers and farmhouse owners an exemption from inheritance tax (IHT). Here, for example, are two scenarios that may trigger a crippling final IHT bill for the unsuspecting. Read on to make sure you don’t have to sell the family farm…
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Friday, August 05, 2011 | Posted by: Stuart Maggs
Categories:
Protecting your wealth
| Tags: tax,
tax planning,
property,
compliance,
liability,
inheritance,
Stuart Maggs,
rental,
real estate,
foreign property ownership,
foreign assets,
France,
forced heirship,
holiday home,
French,
SCI,
tax structures,
wealth tax
If an Englishman’s home is his castle, then his holiday home may well be a chateau in France. But a recent U-turn on taxing foreign property owners, strict inheritance rules and the challenge of complying with both French and UK tax laws can taint the dream. What are the issues and what can you do to minimise them?
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Monday, August 01, 2011 | Posted by: Dave Jennings
Categories:
Business,
Employer,
Personal
| Tags: income tax,
Dave Jennings,
tax avoidance,
NIC,
consultation,
National Insurance,
Office for Tax Simplification,
OTS,
PAYE,
National Insurance Contributions,
Tax Investigations,
Real Time Information,
merger,
pensioners
Integrating income tax and National Insurance will reduce the administrative burden on employers and stem the number of mistakes made in administering PAYE, says HM Revenue & Customs. Under a new ‘call for evidence’, you have until September 2011 to agree or disagree. Is this genuine red tape-cutting or a tax-raising agenda?
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