Bespoke - for private clients
Wednesday, November 23, 2011 | Posted by: Mike Hyland
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
property,
capital gains tax,
inheritance tax,
CGT,
income tax,
IHT,
trusts,
Mike Hyland,
inheritance,
minimise,
Family Limited Partnerships,
succession,
family wealth,
family investment company,
wealth planning,
relevant property,
10-year charge
After the changes to the taxation of trusts in recent years, we consider whether they are still a viable option for family wealth and succession planning, and introduce a couple of alternatives to trusts.
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Tuesday, November 22, 2011 | Posted by: Louisa Naylor
Categories:
Personal,
Protecting your wealth
| Tags: tax,
HMRC,
advice,
investigation,
penalties,
code of practice,
fraud,
COP9,
Louisa Naylor,
enquiry,
civil fraud,
Code of Practice 9,
tax investigations
An increasing number of people with large funds held in offshore accounts are receiving a Code of Practice 9 (COP9) letter through their door as UK tax authorities strive to assess a further £7 billion of evaded taxes by 2014. Grant Thornton’s new tax investigations helpline is a first port of call. Meanwhile, tax manager Louisa Naylor looks at what you should do if you are caught by a tax investigation.
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Wednesday, November 16, 2011 | Posted by: Fiona Cullinan
Categories:
Personal,
Protecting your wealth
| Tags: tax,
pensions,
retirement,
tax relief,
Mike Hyland,
pension,
James Temperley,
pension series,
pensions changes,
pension planning
Our recent blog series answered your most frequently asked questions about pensions, as well as how to make the best use of new rules on pension contributions. Here’s a round-up of our four-part guide …
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Thursday, November 10, 2011 | Posted by: Dave Jennings
Categories:
Business,
Personal,
Protecting your wealth
| Tags: tax,
HMRC,
property,
income tax,
Dave Jennings,
overseas,
tax haven,
commercial property,
income from property,
offshore assets,
evasion,
holiday homes,
Tax Investigations,
avoidance,
foreign property ownership,
foreign assets,
afluent teams,
homeowners
Holiday homes and offshore assets won’t be a personal tax haven for long as HM Revenue & Customs (HMRC) continues to crack down on those not paying the correct tax with a new initiative looking into those who own property abroad.
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Wednesday, November 09, 2011 | Posted by: Mike Warburton
Categories:
Personal,
Protecting your wealth
| Tags: HMRC,
non-dom,
Gaines-Cooper,
non-domicile,
Mike Warburton,
UK residency,
IR20,
non-residency,
UK resident,
Lord Mance,
Inland Revenue,
Court of Appeal
Hundreds of expats and tax exiles may be at risk of an unexpected tax bill after Robert Gaines-Cooper, who moved to the Seychelles in the 1970s, recently lost his claim to be non-resident for UK tax .
Director Mike Warburton, who was an expert witness in the case, reviews the ruling, which has major UK residency and tax status implications for anyone who leaves the UK to live abroad.
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Tuesday, November 08, 2011 | Posted by: Fiona Cullinan
Categories:
Personal
| Tags: investment,
HNWI,
Bespoke magazine,
investing,
guide,
value,
collecting,
collectible,
prices,
musical instruments,
buying,
violins,
expert,
rare
There are definitely strings attached to investing in rare musical instruments with little or no provenance. Not only does it take considerable expertise to assess the authenticity of an investment-class violin, but most collectors are also classical music patrons who lend out their investment to the world’s best players. Lisa Freedman interviews maestro Florian Leonhard (pictured) about investing in rare violins …
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Tuesday, November 01, 2011 | Posted by: Naomi Smith
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
offshore,
UK,
income,
domicile,
non-dom,
residence,
Naomi Smith,
overseas,
non-domicile,
residency,
offshore funds,
non-residency,
remittance basis,
foreign income,
ordinarily resident,
tax liabilities,
resident
There are currently a quarter of a million online discussions asking questions about how you will be taxed if you bring money from abroad or transfer foreign income into the UK. The multitude of answers are enough to tax anyone’s brain, but the foremost deciding factor is domicile. Here,we look at the situation for both UK-domiciled and non-domiciled individuals.
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