Bespoke - for private clients
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?
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Wednesday, June 13, 2012 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax planning,
HMRC,
offshore,
income tax,
Dave Jennings,
tax avoidance,
tax havens,
disclosure,
investigation,
banking,
penalties,
Liechtenstein Disclosure Facility,
Liechtenstein,
tax amnesty,
Switzerland,
LDF,
tax evasion,
savings,
offshore bank accounts,
Tax Investigations,
UK-Swiss deal,
secrecy
The UK-Swiss tax deal just got more expensive for Swiss bank account holders following changes to a similar agreement between Switzerland and Germany. Find out exactly what the changes mean for UK holders of Swiss bank accounts…
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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, April 24, 2012 | Posted by: Chris Tysoe
Categories:
Personal,
Protecting your wealth
| Tags: tax planning,
income tax,
budget,
charity,
tax relief,
philanthropy,
Budget 2012,
donations,
Chris Tysoe,
mansion tax,
cap,
income tax relief cap,
income tax liability,
restricting,
tycoon tax,
minimising
Organising your tax affairs in order to reduce your income tax liability may soon be curbed, in line with Government proposals to restrict income tax relief. But the proposed ‘tycoon tax’ is also causing a great deal of friction, as generous charitable donations by wealthy philanthropists look set to fall out of favour for tax planning (see Update on this at the end of the post). And they’re not the only ones adversely affected…
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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, February 09, 2012 | Posted by: Chris Tysoe
Categories:
Business,
Protecting your wealth
| Tags: business,
tax planning,
capital gains tax,
CGT,
income tax,
Entrepreneurs' Relief,
Entrepreneurs’ Relief,
Chris Tysoe,
liquidation,
closing down a company,
striking off,
ESC C16,
shareholder,
share capital,
dissolution,
company distributions,
payment of capital,
extraction of funds,
winding up,
Extra Statutory Concession
Time is of the essence for anyone seeking to extract funds from a company in the process of being struck off. From 1 March 2012, new legislation may bring higher tax liabilities on any payments out of the business before it is dissolved.
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Tuesday, January 10, 2012 | Posted by: Fiona Cullinan
Categories:
Business,
Personal,
Protecting your wealth
| Tags: tax,
links,
tax planning,
HNWIs,
HNWI,
wealth,
Bespoke,
blog,
wealth management,
best,
2011,
wealth protection,
wealth planning
Our most popular posts of the past year reflect the tax-related interests and wealth management concerns of high earners and high net worth individuals (HNWIs) in the UK. Here they are in reverse order. The tax landscape is ever-changing, though, so speak to your tax adviser to find out the latest news on the topics covered.
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Tuesday, December 20, 2011 | Posted by: Naomi Smith
Categories:
Protecting your wealth
| Tags: tax,
tax planning,
offshore,
inheritance tax,
IHT,
tax avoidance,
tax havens,
domicile,
non-dom,
Naomi Smith,
tax haven,
tax evasion,
IHT planning,
discretionary trusts,
tax saving,
offshore trusts,
offshore investment wrappers,
investment income
As HM Revenue & Customs (HMRC) steps up its mission to prevent British taxpayers illegally evading tax by holding their investments offshore and ‘forgetting’ to report them on their tax returns, we look at two legitimate opportunities to save tax through offshore set-ups: offshore investment wrappers and offshore trusts.
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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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