Posted by James McNeile, Partner
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‘Dramatic change’ to tax deadline on the horizon for second home owners and landlords
Posted by James McNeile, Partner
Second home owners, landlords and property investors are being urged to beware a ‘dramatic change’ to the current capital gains tax regime which will come into effect in April. The new rules mean that anyone selling a property after 6 …
Non-UK residents now subject to tax on gains on commercial property
Posted by James McNeile, Partner
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.
Royds Withy King’s Private Wealth recognised as one of the 2019 eprivateclient Top Law Firms
Posted by James McNeile, Partner
We are delighted to announce our firm has been named as a leading private wealth law firm in the UK by leading industry publication, eprivateclient. The online publication, which provides the latest legal news, analysis and trends, surveys over 140 …
Tax and legal issues for emigration from the UK
Posted by James McNeile, Partner
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.
Reformed Tier 1 Investor visa rules could be difficult to meet for some
Posted by James McNeile, Partner
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.
HMRC adds fizz to UK’s growing vineyards
Posted by James McNeile, Partner
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 …
Life Safe® could have prevented investors losing £140m after crypto trader’s death
Posted by James McNeile, Partner
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 …
Gifting doesn’t need to be taxing
Posted by James McNeile, Partner
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.
OTS publishes its first report into review of Inheritance Tax
Posted by James McNeile, Partner
The Office of Tax Simplification recently published the first part of a long awaited report on its review of the administrative and broader technical aspects of Inheritance Tax.
Grow Protect Share: Budget 2018 special
Posted by James McNeile, Partner
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.