Tuesday, March 05, 2013 | Posted by: Grant Thornton
Categories:
Protecting your wealth
| Tags: tax,
Francesca Lagerberg,
budget,
predictions
With a UK election on the distant horizon, this is a crucial time for the Coalition government to show that its economic solutions are working. Francesca Lagerberg, Head of Tax, reviews four areas that are likely to affect individuals and businesses.
Wednesday, January 23, 2013 | Posted by: Naomi Smith
Categories:
Personal,
Protecting your wealth
| Tags: tax,
HMRC,
penalties,
liability,
Naomi Smith,
Tax Return,
deadline,
charges,
fines,
reasonable excuse,
penalty,
January 31,
unpaid tax,
late filing
It used to be that filing your tax return late would bring an automatic £100 penalty – an amount many were prepared to pay. And if you had paid your tax in full before 31 January the penalty was reduced to nil. But this fairly relaxed regime finished in April 2011, and the penalties can now be much higher, in fact up to 100% of the tax due.
Thursday, December 06, 2012 | Posted by: Grant Thornton
Categories:
Protecting your wealth
| Tags: business,
tax,
HNWIs,
Grant Thornton,
HNWI,
wealth,
magazine,
wealth management,
Bespoke magazine,
subscribe,
interviews,
high net worth individual,
private clients,
wealth planning,
esp,
high,
subscribe, interviews, wealth planning, wealth management, high net worth, private client
Enjoy our preview of the latest issue of Bespoke magazine for high earners and high net worth individuals in the UK, plus find details of how to join the mailing list…
Wednesday, October 31, 2012 | Posted by: Fiona Cullinan
Categories:
Protecting your wealth
| Tags: business,
tax,
inheritance tax,
Grant Thornton,
HNWI,
IHT,
Bespoke,
wealth management,
Bespoke magazine,
IHT planning,
selling a business,
legacy,
estate
After a life of work, many people may be surprised at how much wealth they can pass on or give away in tax. Martin Young, London Head of Financial Planning, suggests some strategies you may not have considered.
Tuesday, October 23, 2012 | Posted by: Grant Thornton
Categories:
Protecting your wealth
| Tags: business,
tax,
inheritance tax,
Grant Thornton,
HNWI,
IHT,
Bespoke,
magazine,
wealth management,
Bespoke magazine,
IHT planning,
selling a business,
legacy,
estate
Investment wrappers can be a more tax-efficient way of holding investments than owning them personally. Craig Kemsley, Private Client Partner, rounds up five of the most popular wrappers available, from OEICs to offshore bonds.
Thursday, September 13, 2012 | Posted by: Mike Hyland
Categories:
Personal,
Protecting your wealth
| Tags: tax,
capital gains tax,
inheritance tax,
CGT,
IHT,
Mike Hyland,
gifts,
sale,
capital gains,
IHT planning,
exemption,
wasting asset,
pre-eminent object,
gift with reservation,
Acceptance in Lieu,
douceur,
chattels,
leaseback,
heritage assets
While art, historic buildings and other ‘heritage’ assets are normally acquired more for their aesthetics and history than their tax efficiency, there are a number of tax advantages and reliefs that can apply. We look at a few examples of how owners of these assets can manage their tax position.
Tuesday, August 14, 2012 | Posted by: Chris Tysoe
Categories:
Personal,
Protecting your wealth
| Tags: tax,
property,
inheritance tax,
IHT,
inheritance,
house,
Chris Tysoe,
rebate,
probate,
estate,
fall in value
Could you be entitled to a tax rebate on inherited property? Chris Tysoe, Tax Manager, highlights a small token of relief for those who have had to sell an inherited property for less than it was worth when they inherited it.
Thursday, July 26, 2012 | Posted by: Mike Hyland
Categories:
Business,
Personal,
Protecting your wealth
| Tags: tax,
capital gains tax,
inheritance tax,
CGT,
IHT,
Mike Hyland,
shares,
sale,
BPR,
Entrepreneurs' Relief,
Business Property Relief,
Entrepreneurs’ Relief,
non-trading assets,
holdover relief,
company sale,
HMRC clearance,
trading company,
trading status,
investment assets
There are a number of reliefs that can help company owners mitigate capital gains tax (CGT) on selling or giving away their shares, and inheritance tax (IHT) on their death or on a gift into trust. A general requirement for all of these reliefs is that your company or corporate group must be ‘trading’. Here I’ll explore what this means and how the position might be optimised.
Thursday, July 05, 2012 | Posted by: Francesca Lagerberg
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
Francesca Lagerberg,
tax avoidance,
GAAR,
tax evasion,
UK GAAR,
general anti-avoidance rule,
general anti-abuse rule,
reasonable,
aggressive
Draft legislation for a general anti-abuse rule (GAAR) to tackle tax avoidance in the UK was published last month – to a mixed response. Do the proposals clearly separate ‘reasonable’ from ‘abusive’? And will the new GAAR (previously known as the general anti-avoidance rule) affect your tax planning arrangements?
Tuesday, June 26, 2012 | Posted by: Fiona Cullinan
Categories:
Protecting your wealth
| Tags: business,
tax,
HNWIs,
Grant Thornton,
HNWI,
wealth,
advice,
Bespoke,
magazine,
wealth management,
Bespoke magazine,
subscribe,
interviews,
wealth planning
An investor’s perspective on Europe, the new rules of tax mitigation and fascinating legacies – just some of the features in the Grant Thornton’s latest edition of Bespoke magazine for high earners and high net worth individuals in the UK. Find out more about what’s inside and how to join our mailing list…
Winter 2012 issue out now featuring lifestyle, tax insight and wealth management features – plus news of our brand new magazine for 2013!
