Search articles

Non-UK residents now subject to tax on gains on commercial property

Posted by , Associate

A significant change to the taxation of non-UK residents came into effect on 6 April 2019 which means gains on all UK property* (commercial as well as residential) are subject to UK tax. Gains on disposals by individuals and companies will be within the scope of UK tax. The changes are wide reaching as the rules can apply to direct disposals but also to disposals of shares in property rich companies.

Read more

13 March 2019 0 Comments Posted in Private Client, Private Wealth

Tax and legal issues for emigration from the UK

Posted by , Associate

Brexit

With the uncertainty around Brexit and talk of a potential general election, some are considering their options as to whether to remain in the UK or leave. We look at the some legal and tax issues that people may want to consider to make sure their affairs are in order in the UK before leaving.

Read more

Reformed Tier 1 Investor visa rules could be difficult to meet for some

Posted by , Associate

High net worth investors looking to live in the UK face a tough new test as the changes to regulations surrounding the Tier 1 Investment visas have now been announced.

Read more

25 February 2019 0 Comments Posted in News, Private Client

HMRC adds fizz to UK’s growing vineyards

Posted by , Associate

HMRC has raised a glass to owners of the UK’s growing number of vineyards, confirming that vineyards do qualify for agricultural property relief (APR) and are therefore potentially free from inheritance tax. HMRC updated its guidance in February to specifically …

Read more

5 February 2019 0 Comments Posted in News, Private Client

Life Safe® could have prevented investors losing £140m after crypto trader’s death

Posted by , Associate

The founder, Gerald Cotten, of Canada’s leading cryptocurrency exchange, QuadrigaCX, has died leaving investors unable to access their digital currencies. Cotten died unexpectedly aged just 30 and apparently was the only person with the passwords needed to access investors’ digital …

Read more

3 December 2018 0 Comments Posted in Opinion, Private Client, Private Wealth

Gifting doesn’t need to be taxing

Posted by , Associate

Christmas is the time of year that people think about giving to loved ones and charities but the unintended tax and legal consequences can dampen that warm glowing feeling. We look some common issues and pitfalls encountered when making gifts under English law.

Read more

5 November 2018 0 Comments Posted in Opinion, Private Wealth

Grow Protect Share: Budget 2018 special

Posted by , Associate

Private wealth

Last week’s Budget was not exactly ground-breaking for Private Wealth clients and their advisers, although this was no doubt a welcome break, particularly for international clients, following the significant non-dom changes introduced with effect from April 2017 and April 2018.

Read more

Budget 2018 – 1% SDLT surcharge on residential property for foreign buyers confirmed

Posted by , Associate

Private wealth

Philip Hammond’s budget speech this week confirmed proposals announced by the Prime Minister last month to introduce an additional stamp duty land tax (SDLT) surcharge on UK residential property bought by foreign buyers.

Read more

24 October 2018 0 Comments Posted in Opinion

Should the inheritance tax nil rate band be increased?

Posted by , Associate

inheritance tax

This is the question that many are asking, particularly in London, as information recently obtained shows estates in London pay more inheritance tax than anywhere else in the UK.

Read more

4 September 2018 0 Comments Posted in Opinion, Private Client, Uncategorized

Have you sorted your offshore tax matters? Act now before it’s too late.

Posted by , Associate

offshore tax accounts evasion royds withy king

The deadline of September 30, to resolve any issues with UK tax filings in relation to offshore matters or transfers, is fast approaching. A failure to correct any non-compliance may result in stringent new penalties.

Read more

Search articles