Monday, October 05, 2009 | Posted by: Sue Knight
Categories:
Protecting your wealth
| Tags: tax planning,
HMRC,
Sue Knight,
Employer Financed Retirement Benefit Scheme,
EFRBS,
high earners | Total Views: 27326
Last month, I outlined Employer-Financed Retirement Benefit Schemes (EFRBS) as part of
Monday, March 21, 2011 | Posted by: Stuart Maggs
Categories:
Personal,
Protecting your wealth
| Tags: business,
tax,
entrepreneurs,
relief,
planning,
trusts,
incentives,
shares,
assets,
Stuart Maggs,
sale,
disposal,
spouse,
saving,
Entrepreneurs' Relief,
children,
selling,
pitfalls | Total Views: 11823
Entrepreneurs’ Relief can offer significant tax savings when selling shares or the whole or part of a business. So how do you qualify? What are the four pitfalls to avoid disqualification? And what are clients asking us about tax planning and Entrepreneurs’ Relief?
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: 9842
Marriages are supposed to be ‘for better or worse’, but how sturdy are they in a depressed economy?
Grant Thornton’s
Wednesday, August 25, 2010 | Posted by: Fiona Cullinan
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
income tax,
income,
trusts,
Rachael Dronfield,
refunds,
dividends,
discretionary trusts,
interest | Total Views: 8615
A little-known change to income tax will have major repercussions for beneficiaries of some trusts, says Rachael Dronfield, Tax Manager at Grant Thornton.
Monday, September 07, 2009 | Posted by: Sue Knight
Categories:
Protecting your wealth
| Tags: tax planning,
inheritance tax,
income tax,
Sue Knight,
income,
trusts,
tax planning solutions,
taxable income,
high income | Total Views: 8072
The Budget 2009 announcements of the changes affecting high income individuals have brought tax planning into focus. On earned income, with the planned increase in the rate of national insurance contributions from April 2011, the effective rate of tax suffered could be as high as 61.5% on some slices of income.
Here are 10 common scenarios and some tax planning solutions…
Thursday, March 04, 2010 | Posted by: Sue Knight
Categories:
Protecting your wealth
| Tags: tax,
HMRC,
HNWIs,
Sue Knight,
tax havens,
domicile,
residence,
Gaines-Cooper,
residency,
IR20,
UK residents,
status,
Finance Bill 2008 | Total Views: 7210
Tuesday, February 15, 2011 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax,
HMRC,
Dave Jennings,
undisclosed income,
out of time,
case,
tribunal,
appeals | Total Views: 6699
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.
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: 6432
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.
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: 6394
A serial entrepreneur, Jonathan Hick has set up 10 companies in the past 23 years, including
Thursday, January 21, 2010 | Posted by: Fiona Cullinan
Categories:
Business,
Infographic,
Protecting your wealth
| Tags: tax,
finance,
offshore,
infographic,
banking,
tax haven,
IMF,
jurisdiction | Total Views: 6328
While most people think of the traditional tax haven as being somewhere like Switzerland or Bermuda, there are in fact more than 60 offshore financial centres around the world, according to the IMF.
Grant Thornton’s latest infographic shows the scale and global spread of such offshore tax jurisdictions, locating them by country, city and island/political region…
