Bespoke - for private clients

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, BPR, Business Property Relief, commercial property, IHT planning, exemtpion | Total Views: 5478

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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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New Irish domicile ‘wealth tax’ puts HNWIs in line of fire

Wednesday, March 03, 2010 | Posted by: Richard Jameson
Categories: Protecting your wealth | Tags: tax, HMRC, HNWIs, Richard Jameson, corporation tax, domicile, Gaines-Cooper, Ireland, high net worth individuals, residency, IR20, Irish domicile levy, 2010 Finance Bill | Total Views: 5476

Ireland has been held up as a country with a progressive and attractive tax regime, so the proposal for a domicile levy has taken Irish high net worth individuals (HNWIs) aback. On the other side of the Irish Sea, the recent findings in the Messrs Davies and James and Mr Gaines-Cooper case regarding

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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, income, investigation, tax evasion, Tax Investigations, social networks, landlords, undeclared, buy to let, undisclosed | Total Views: 5451

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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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Family Limited Partnerships- Silver bullet or rusty nail?

Thursday, June 04, 2009 | Posted by: Grant Thornton
Categories: Personal, Protecting your wealth | Tags: income, trust, Family Limited Partnerships, capital, Inheritance Tax | Total Views: 5434

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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HMRC’s squeeze will pile pressure on taxpayers

Friday, June 11, 2010 | Posted by: Dave Jennings
Categories: Protecting your wealth | Tags: tax, HMRC, government, Dave Jennings, budget, online, trends, deficit, public sector, amnesty, DIY, HNWI unit, Anti-Avoidance Group, efficiency, call centres, spending, self-assessment, helplines, cuts | Total Views: 5404

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Expect less help from your ‘local’ tax office and more onus on you to understand and sort your tax affairs as public sector cuts start to bite.

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Jet set pets, boutique banks and wealthy families in a tax panic – September wealth roundup

Friday, September 24, 2010 | Posted by: Fiona Cullinan
Categories: Protecting your wealth | Tags: links, HNWIs, finance, HNWI, banking, yachts, Switzerland, art, investments, wine, Swiss, private jets, secret, memorabilia, sayings | Total Views: 5324

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Our monthly pick of the web as it relates to high earners and HNWIs.

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Tax truths behind the Dragons’ Den domicile row

Tuesday, May 18, 2010 | Posted by: Sue Knight
Categories: Protecting your wealth | Tags: tax, entrepreneurs, tax planning, investment, offshore, Sue Knight, IHT, James Caan, domicile, non-dom, Cayman Islands, non-domicile, Inheritance Tax, Duncan Bannatyne, Pakistan, earnings, Dragons’ Den | Total Views: 5313

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The

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Private residence relief – not just for MPs

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 | Total Views: 5118

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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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British luxury, Bordeaux index and the billionaire book club – June wealth links

Monday, June 28, 2010 | Posted by: Fiona Cullinan
Categories: Personal | Tags: links, HNWIs, Bespoke, magazine, Walpole, Jonathan Hick, luxury, wine, brands, Josephine Home, passion investments, Rafael Nadal, Who Wants To Be A Millionaire, Charlotte Olympia, interior design, Abahna, Rococo Chocolates, Mawi | Total Views: 4947

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Our monthly pick of the web as it relates to high earners and HNWIs.

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Tax planning with companies is back in fashion

Wednesday, July 28, 2010 | Posted by: Richard Jameson
Categories: Protecting your wealth | Tags: business, tax planning, income tax, Richard Jameson, corporation tax, companies, sole traders | Total Views: 4921

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The 50% top income tax rate against an eventual 24% corporation tax rate is making the company structure desirable once more for sole traders or partnerships seeking tax savings or deferrals. We review the trend and the options…

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