Bespoke - for private clients
Tuesday, May 01, 2012 | Posted by: Mike Hyland
Categories:
Personal,
Protecting your wealth
| Tags: tax planning,
capital gains tax,
inheritance tax,
CGT,
IHT,
tax avoidance,
George Osborne,
Mike Hyland,
non-dom,
minimise,
non-domicile,
stamp duty land tax,
Budget 2012,
avoidance,
non-doms,
SDLT,
residential property,
non-natural person,
property development,
property investment
Buyers and owners of high-value residential property are the latest group to be chased for potential tax avoidance. Chancellor George Osborne believes they are avoiding taxes too readily and announced a raft of changes aimed at extracting tax in the recent Budget. Find out if you’re affected, and by how much, below
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Tuesday, March 06, 2012 | Posted by: Mike Hyland
Categories:
Business,
Personal,
Protecting your wealth
| Tags: business,
tax,
tax planning,
capital gains tax,
inheritance tax,
CGT,
income tax,
IHT,
tax relief,
trusts,
Mike Hyland,
money,
minimise,
main residence,
school fees,
incorporation,
settlor,
mortgage interest,
trustee
Welcome to a new occasional blog series for high net worth individuals (HNWIs) and high earners in which we answer your burning financial questions. This month, tax manager Mike Hyland is asked about incorporating a business, tax relief on school fees and other money-saving issues.
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Thursday, February 16, 2012 | Posted by: Mike Hyland
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
capital gains tax,
CGT,
income tax,
tax relief,
trusts,
EIS,
Mike Hyland,
venture capital trusts,
minimise,
start-ups,
Seed EIS,
SEIS,
share loss relief,
Seed Enterprise Investment Scheme,
small companies
How would you like to make investments that might help kick-start the recovery of Britain’s economy and that offer you a significant tax incentive? This appears to be possible under the new Seed Enterprise Investment Scheme (SEIS), due to come into effect from 6 April 2012.
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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,
succession,
family wealth,
family investment company,
investment company,
relevant property,
10-year charge,
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,
succession,
family wealth,
family investment company,
wealth planning,
relevant property,
10-year charge
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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Friday, October 28, 2011 | Posted by: Mike Hyland
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
HNWIs,
income tax,
pensions,
retirement,
tax relief,
Mike Hyland,
minimise,
high earners,
higher rate taxpayer,
pension,
James Temperley,
pension series,
pensions changes,
income drawdown,
flexible drawdown,
annuity,
capped drawdown,
50% tax
A common reason clients give for not wishing to contribute to pensions are the restrictions on how and when they can access their pension benefits after retirement. From April this year there is a new option for such retirees. Flexible drawdown, as the name suggests, will give individuals much more freedom as to how they take their pension benefits.
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Friday, October 21, 2011 | Posted by: Mike Hyland
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
HNWIs,
income tax,
pensions,
retirement,
Mike Hyland,
minimise,
high earners,
higher rate taxpayer,
pension,
James Temperley,
pension series,
pensions changes,
lifetime allowance,
lifetime tax relief,
fixed protection,
50% tax
Our pension series continues with a look at the changes to the pension rules, which may cost you up to £165,000 if you don’t take action before 6 April 2012.
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Friday, October 07, 2011 | Posted by: Mike Hyland
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
HNWIs,
income tax,
pensions,
retirement,
tax relief,
Mike Hyland,
minimise,
high earners,
higher rate taxpayer,
pension,
James Temperley,
pension series,
annuity,
50% tax rate
Welcome to our new blog series on pensions. As an introduction, we will answer some of the most commonly asked pension-related questions and look at why now is such a good time to consider pension planning.
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Wednesday, June 22, 2011 | Posted by: Mike Hyland
Categories:
Protecting your wealth
| Tags: tax,
tax planning,
income tax,
income,
Mike Hyland,
reduce,
minimise,
savings,
strategies
The top rate of income tax of 50% is the highest since 1988. Coupled with the 1% hike in National Insurance rates from 6 April 2011, the bleak picture for higher earners is that what ends up in their wallet or purse can be significantly less than half of what they earn. Here are 10 suggestions for how to avoid paying too much tax.
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Thursday, January 06, 2011 | Posted by: Fiona Cullinan
Categories:
Business,
Personal,
Protecting your wealth
| Tags: tax,
entrepreneurs,
tax planning,
property,
inheritance tax,
CGT,
income tax,
Sue Knight,
pensions,
IHT,
income,
debt,
reduce,
pilot trusts,
minimise,
capital gains,
savings,
strategies,
personal
Don’t miss our excellent money-saving series from Sue Knight, Director, Tax. Here’s a roundup of her posts on strategies for reducing your income tax, capital gains tax and inheritance tax burdens.
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