Grant Thornton: Bespoke - for private clients

Mansion tax ‘lite’ set to bring CGT, annual charges and higher stamp duty

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, avoidance, non-doms, Budget 2012, SDLT, residential property, non-natural person, property investment, property development

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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UK residency test and tax bills loom for British expats as Gaines-Cooper loses case

Wednesday, November 09, 2011 | Posted by: Mike Warburton
Categories: Personal, Protecting your wealth | Tags: HMRC, non-dom, Gaines-Cooper, Mike Warburton, UK residency, non-domicile, IR20, non-residency, UK resident, Lord Mance, Inland Revenue, Court of Appeal

Hundreds of expats and tax exiles may be at risk of an unexpected tax bill after Robert Gaines-Cooper, who moved to the Seychelles in the 1970s, recently lost his claim to be non-resident for UK tax .

Director Mike Warburton, who was an expert witness in the case, reviews the ruling, which has major UK residency and tax status implications for anyone who leaves the UK to live abroad.

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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, income, domicile, UK, Naomi Smith, residence, non-dom, overseas, residency, non-domicile, offshore funds, non-residency, remittance basis, foreign income, ordinarily resident, tax liabilities, resident

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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Clarity on UK tax residence?

Friday, June 17, 2011 | Posted by: Mike Hyland
| Tags: tax, HMRC, consultation, Mike Hyland, residence, non-dom, Gaines-Cooper, UK residency, non-domicile, non-uk residence, UK resident

The Government has today released its consultation on the long awaited statutory definition of residence which they are seeking to introduce from 6 April 2012.

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Changes to non-dom taxation

Friday, June 17, 2011 | Posted by: Sue Knight
Categories: Personal, Protecting your wealth | Tags: tax, HMRC, offshore, Sue Knight, consultation, domicile, non-dom, UK residency, non-domicile, non-UK domicile, remittance, remittance basis, remittance basis charge, UK resident

This could be considered a familiar headline, but once again today, a consultation has been issued by the Government outlining proposed changes to the taxation of non-UK domiciled individuals.

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How 2011 Budget will affect HNWIs – our predictions

Tuesday, March 15, 2011 | Posted by: Francesca Lagerberg
Categories: Business, Personal, Protecting your wealth | Tags: tax, property, pensions, tax avoidance, budget, relief, planning, stamp duty, deficit, Office for Tax Simplification, residence, non-dom, PPR, private residence relief, GAAR, predictions, personal allowance, non-domicile, stamp duty land tax

What lies in store for high net worth individuals (HNWIs) and high earners in the UK in next week’s Budget? Francesca Lagerberg, Grant Thornton’s Head of Tax, makes some predictions…

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