Bespoke - for private clients
Tuesday, January 24, 2012 | Posted by: Naomi Smith
Categories:
Personal,
Protecting your wealth
| Tags: tax,
HMRC,
penalties,
liability,
Naomi Smith,
deadline,
fines,
penalty,
unpaid tax,
charges,
January 31,
late filing,
tax return,
reasonable excuse,
loophole
The 31 January tax return filing deadline is fast approaching but many taxpayers are blissfully unaware of HMRC’s new penalties for late filing and could be in for a nasty surprise.
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Tuesday, January 10, 2012 | Posted by: Fiona Cullinan
Categories:
Business,
Personal,
Protecting your wealth
| Tags: tax,
links,
tax planning,
HNWIs,
HNWI,
Bespoke,
wealth,
blog,
wealth management,
best,
2011,
wealth protection,
wealth planning
Our most popular posts of the past year reflect the tax-related interests and wealth management concerns of high earners and high net worth individuals (HNWIs) in the UK. Here they are in reverse order. The tax landscape is ever-changing, though, so speak to your tax adviser to find out the latest news on the topics covered.
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Tuesday, December 20, 2011 | Posted by: Naomi Smith
Categories:
Protecting your wealth
| Tags: tax,
tax planning,
offshore,
inheritance tax,
IHT,
tax avoidance,
tax havens,
domicile,
Naomi Smith,
tax haven,
non-dom,
tax evasion,
tax saving,
discretionary trusts,
IHT planning,
offshore trusts,
investment income,
offshore investment wrappers
As HM Revenue & Customs (HMRC) steps up its mission to prevent British taxpayers illegally evading tax by holding their investments offshore and ‘forgetting’ to report them on their tax returns, we look at two legitimate opportunities to save tax through offshore set-ups: offshore investment wrappers and offshore trusts.
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Thursday, December 15, 2011 | Posted by: Fiona Cullinan
Categories:
Business,
Day in the life,
Green,
Personal,
Protecting your wealth
| Tags: business,
tax,
investment,
HNWIs,
Grant Thornton,
HNWI,
pensions,
Bespoke,
wealth,
magazine,
wealth management,
insight,
trusts,
Bespoke magazine,
subscribe,
publications,
interviews
The latest issue of Grant Thornton’s Bespoke magazine is out now and comes packed with lifestyle features, tax perspectives and wealth management issues, and other hot topics facing high earners and high net worth individuals in the UK. Here’s what you’ll find in our latest issue and how to join our mailing list.
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Thursday, December 01, 2011 | Posted by: Mike Hyland
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
capital gains tax,
inheritance tax,
CGT,
income tax,
trusts,
Mike Hyland,
inheritance,
minimise,
Family Limited Partnerships,
estate planning,
family wealth,
succession,
family investment company,
relevant property,
10-year charge,
investment company,
FIC
Trusts are less tax-favoured than ever before since the trust taxation changes and the introduction of the 50% income tax rate. Could family investment companies provide a better alternative for wealthy families?
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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,
family wealth,
succession,
family investment company,
relevant property,
10-year charge,
wealth planning
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,
tax investigations,
civil fraud,
Code of Practice 9,
enquiry
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,
tax haven,
overseas,
offshore assets,
income from property,
evasion,
commercial property,
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,
Mike Warburton,
UK residency,
non-domicile,
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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