Bespoke - for private clients
Tuesday, August 11, 2009 | Posted by: Sue Knight
Categories:
Protecting your wealth
| Tags: tax planning,
HMRC,
Sue Knight,
HNWI,
tax avoidance,
Protect Your Wealth,
legislation,
banks,
taxation,
code of practice
And so the tax avoidance debate continues to rage. Last month I looked at High Net Worth Individuals and secret funds abroad. This time the focus is on banks – and how a proposed new Code of Practice may affect your tax planning.
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Friday, July 24, 2009 | Posted by: Richard Jameson
Categories:
Protecting your wealth
| Tags: CGT,
Richard Jameson,
private residence relief,
PPR,
income from property,
property trading,
main residence,
MPs expenses,
tax on property income,
capital gains relief
The clamour over MPs’ expenses has died down for now. But when the press revealed a number of individual MPs who had claimed capital gains tax (CGT) relief on the sale of a ‘private residence’, it was a great reminder of just how generous this relief is. So what is it all about – and how do you claim it?
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Monday, July 20, 2009 | Posted by: Paul Roberts
Categories:
Protecting your wealth
| Tags: tax,
HNWIs,
offshore,
compliance,
tax havens,
disclosure,
Protect Your Wealth,
tax amnesty,
Liechtenstein,
Offshore Disclosure Facility,
New Disclosure Opportunity,
OECD,
Paul Roberts,
tax prosecutions
So, a New Disclosure Opportunity (NDO) is on the horizon this autumn. The Government has a large tax gap to fill and will see the NDO as one way to raise funds. For the taxpayer, this means another chance to ‘come clean’ or face the consequences. The question is, should you?
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Tuesday, July 07, 2009 | Posted by: Sue Knight
Categories:
Protecting your wealth
| Tags: tax,
HNWIs,
offshore,
Sue Knight,
HNWI,
compliance,
tax havens,
disclosure,
Protect Your Wealth,
OECD,
amnesty,
super tax
The new OECD report on high net worth individuals (HNWIs) makes interesting bedtime reading. The 90-page report titled Engaging with High Net Worth Individuals on Tax provides a real insight into tax administrations’ struggle with offshore tax evasion.
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Friday, June 26, 2009 | Posted by: Richard Jameson
Categories:
Protecting your wealth
| Tags: Richard Jameson,
super tax,
high net worth individuals,
higher rate taxpayer,
stealth tax,
50% tax rate
The number of higher rate taxpayers is set to fall by one million individuals, according to the UK tax authorities – down 25% from an estimated 3.89 million in 2007/08 to 2.9 million in 2009/10, with a fall of almost £13 billion over the same period (around 9% of total income tax receipts). What does this mean for you as a higher rate taxpayer and the rest of the taxpaying public? And will other taxes have to rise to compensate?
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Thursday, June 04, 2009 | Posted by: Grant Thornton
Categories:
Personal,
Protecting your wealth
| Tags: financial,
New Disclosure Opportunity,
Switzerland,
tax haven,
Liechenstein,
g20 summit,
offshore bank accounts
There is much talk of a new global era of transparency in banking, but does it really amount to anything? And what, if any, are the consequences for individuals in the UK?
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Thursday, June 04, 2009 | Posted by: Grant Thornton
Categories:
Personal,
Protecting your wealth
| Tags: income,
trust,
Family Limited Partnerships,
capital,
Inheritance Tax
Family Limited Partnerships have been much talked about since 2006 when the trust rules were significantly altered. But are they all they’re cracked up to be?
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Thursday, June 04, 2009 | Posted by: Grant Thornton
Categories:
Personal,
Protecting your wealth
| Tags: business,
inheritance tax,
wealth,
will
Inheritance tax reliefs are greatly under-used and yet they offer excellent succession planning for families and businesses.
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Thursday, June 04, 2009 | Posted by: Grant Thornton
Categories:
Business,
Personal,
Protecting your wealth
| Tags: business,
wealth,
Thelluson family,
brodsworth hall,
english heritage
Take a wealthy family with a beautiful country seat. Add the death of the father and mix with a bizarre will. The resulting saga set 19th-century newspapers alight and became the basis for a famous novel.
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