Bespoke - for private clients
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 15, 2011 | Posted by: Fiona Cullinan
Categories:
Business,
Day in the life,
Green,
Personal,
Protecting your wealth
| Tags: business,
tax,
investment,
HNWIs,
Grant Thornton,
HNWI,
pensions,
wealth,
Bespoke,
magazine,
insight,
wealth management,
Bespoke magazine,
trusts,
subscribe,
interviews,
publications
The latest issue of Grant Thornton’s Bespoke magazine is out now and comes packed with lifestyle features, tax perspectives and wealth management issues, and other hot topics facing high earners and high net worth individuals in the UK. Here’s what you’ll find in our latest issue and how to join our mailing list.
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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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Tuesday, February 01, 2011 | Posted by: Stuart Maggs
Categories:
Protecting your wealth
| Tags: tax,
capital gains tax,
inheritance tax,
CGT,
IHT,
education,
divorce,
trusts,
trust,
Stuart Maggs,
tuition,
stamp duty land tax,
family trust,
bankruptcy,
school fees,
trust fund
There comes a time in some people’s lives when their thoughts turn to their grandchildren and whether they can help ensure that they get a good education and a proper start in life. Family trusts offer a way to do this while also offering tax savings.
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Wednesday, August 25, 2010 | Posted by: Fiona Cullinan
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
income tax,
income,
trusts,
Rachael Dronfield,
refunds,
discretionary trusts,
dividends,
interest
A little-known change to income tax will have major repercussions for beneficiaries of some trusts, says Rachael Dronfield, Tax Manager at Grant Thornton.
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Wednesday, June 30, 2010 | Posted by: Fiona Cullinan
Categories:
Business,
Day in the life,
Personal,
Protecting your wealth
| Tags: tax,
links,
HNWIs,
property,
capital gains tax,
CGT,
Bespoke,
magazine,
trusts,
yachts,
amnesty,
fund management
Bespoke’s summer issue is out now and features 28 pages of practical advice on specific financial issues of relevance to the HNW community, as well as some lighter lifestyle reads. We’ll be picking out some of the features here on the Bespoke blog, but you can
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Friday, December 04, 2009 | Posted by: Sue Knight
Categories:
Protecting your wealth
| Tags: inheritance tax,
Sue Knight,
pensions,
IHT,
debt,
planning,
trusts,
banks,
assets,
trust wrappers,
IHT threshold,
asset protection,
public sector debt,
bailout
Inheritance tax (IHT) is an emotive topic, not just for those who have saved for a lifetime but also for their accountant who must negotiate the many rules and planning opportunities. Often described as a ‘voluntary’ tax, there are a number of ways in which you can mitigate IHT and retain control over your assets and access to both income and capital. This month, I’m going to explain some of these options and look at David Cameron’s election promise of raising the IHT threshold to £1 million…
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Monday, September 07, 2009 | Posted by: Sue Knight
Categories:
Protecting your wealth
| Tags: tax planning,
inheritance tax,
income tax,
Sue Knight,
income,
trusts,
tax planning solutions,
taxable income,
high income
The Budget 2009 announcements of the changes affecting high income individuals have brought tax planning into focus. On earned income, with the planned increase in the rate of national insurance contributions from April 2011, the effective rate of tax suffered could be as high as 61.5% on some slices of income.
Here are 10 common scenarios and some tax planning solutions…
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