Bespoke - for private clients

EFRBS appears on the tax authorities’ radar

Monday, October 05, 2009 | Posted by: Sue Knight
Categories: Protecting your wealth | Tags: tax planning, HMRC, Sue Knight, EFRBS, Employer Financed Retirement Benefit Scheme, high earners | Total Views: 30574

Last month, I outlined Employer-Financed Retirement Benefit Schemes (EFRBS) as part of

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Avoiding inheritance tax with business property relief? Beware these nightmare scenarios…

Tuesday, July 26, 2011 | Posted by: Naomi Smith
Categories: Business, Protecting your wealth | Tags: business, tax, property, inheritance tax, IHT, relief, liability, Naomi Smith, estate planning, commercial property, BPR, Business Property Relief, IHT planning, exemtpion | Total Views: 15187

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The lesser-known pitfalls surrounding business property relief may leave your business at risk of a very large and unexpected inheritance tax bill. Let the horror stories of Mr Wealthy and Ms Success be a lesson to those who think they are exempt from death and taxes…

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Time to act on discretionary trusts

Wednesday, August 25, 2010 | Posted by: Fiona Cullinan
Categories: Personal, Protecting your wealth | Tags: tax, tax planning, income tax, income, trusts, Rachael Dronfield, refunds, discretionary trusts, dividends, interest | Total Views: 12550

A little-known change to income tax will have major repercussions for beneficiaries of some trusts, says Rachael Dronfield, Tax Manager at Grant Thornton.

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What are the tax implications of bringing funds into the UK from abroad?

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 | Total Views: 11341

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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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‘How does HMRC know I have undisclosed income?’

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 | Total Views: 10935

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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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Reasons for divorce vs state of the economy infographic

Tuesday, September 29, 2009 | Posted by: Fiona Cullinan
Categories: Infographic | Tags: statistics, recession, survey, infographic, chart, divorce, marriage, credit crunch, reasons for divorce | Total Views: 10748

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Marriages are supposed to be ‘for better or worse’, but how sturdy are they in a depressed economy?

Grant Thornton’s

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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 | Total Views: 10058

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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A day in the life of a millionaire: Jonathan Hick

Tuesday, September 07, 2010 | Posted by: Fiona Cullinan
Categories: Day in the life | Tags: entrepreneur, HNWI, Directorbank, diary, Jonathan Hick, millionaire, secret, day in the life | Total Views: 9078

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A serial entrepreneur, Jonathan Hick has set up 10 companies in the past 23 years, including

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UK statistics of divorce 2011 (survey graphic)

Tuesday, February 07, 2012 | Posted by: Fiona Cullinan
Categories: Infographic, Personal | Tags: statistics, survey, report, UK, divorce, 2011, marriage, matrimonial, Imerman, Radmacher, break-up, concealing assets, ruling | Total Views: 9050

UK statistics of divorce 2011

More relationships break up at the start of the year than at any other time – a phenomenon known as the ‘January jilt’.

Our 2011 matrimonial survey of leading UK family lawyers reveals some of the key statistics of UK divorce: at what point in the marriage they are they most likely to happen, for what reason, who are the main instigators, how many cases are concealing assets and more…

Click on the image to bring up a

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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 | Total Views: 8988

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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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