Bespoke - for private clients
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,
closing down a company,
liquidation,
Extra Statutory Concession,
ESC C16,
company distributions,
payment of capital,
dissolution,
share capital,
extraction of funds,
shareholder,
striking off,
Chris Tysoe,
winding up
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.
Continue Reading
Tuesday, February 07, 2012 | Posted by: Fiona Cullinan
Categories:
Infographic,
Personal
| Tags: statistics,
survey,
divorce,
marriage,
2011,
matrimonial,
UK,
report,
Imerman,
break-up,
Radmacher,
ruling,
concealing assets
More relationships break up at the start of the year than at any other time – a phenomenon known as the ‘January jilt’.
Our 2011 matrimonial survey of leading UK family lawyers reveals some of the key statistics of UK divorce: at what point in the marriage they are they most likely to happen, for what reason, who are the main instigators, how many cases are concealing assets and more…
Click on the image to bring up a
Continue Reading
Thursday, February 02, 2012 | Posted by: Fiona Cullinan
Categories:
Personal,
Protecting your wealth
| Tags: Bespoke magazine,
risk,
psychology,
casinos,
reward,
gambling,
gamble
Psychologist Donna Dawson reveals the psychological drivers and casino tricks that make gambling a very risky business…
Continue Reading
Tuesday, January 24, 2012 | Posted by: Naomi Smith
Categories:
Personal,
Protecting your wealth
| Tags: tax,
HMRC,
penalties,
liability,
Naomi Smith,
deadline,
January 31,
penalty,
reasonable excuse,
fines,
late filing,
charges,
tax return,
loophole,
unpaid tax
The 31 January tax return filing deadline is fast approaching but many taxpayers are blissfully unaware of HMRC’s new penalties for late filing and could be in for a nasty surprise.
Continue Reading
Tuesday, January 10, 2012 | Posted by: Fiona Cullinan
Categories:
Business,
Personal,
Protecting your wealth
| Tags: tax,
links,
tax planning,
HNWIs,
HNWI,
Bespoke,
wealth,
wealth management,
blog,
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.
Continue Reading
Tuesday, December 20, 2011 | Posted by: Naomi Smith
Categories:
Protecting your wealth
| Tags: tax,
tax planning,
offshore,
inheritance tax,
IHT,
tax havens,
tax avoidance,
domicile,
Naomi Smith,
tax haven,
non-dom,
tax evasion,
discretionary trusts,
tax saving,
IHT planning,
offshore trusts,
investment income,
offshore investment wrappers
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.
Continue Reading
Thursday, December 15, 2011 | Posted by: Fiona Cullinan
Categories:
Business,
Day in the life,
Green,
Personal,
Protecting your wealth
| Tags: business,
tax,
investment,
HNWIs,
HNWI,
pensions,
Grant Thornton,
Bespoke,
wealth,
magazine,
wealth management,
trusts,
Bespoke magazine,
insight,
subscribe,
publications,
interviews
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.
Continue Reading
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,
inheritance,
Mike Hyland,
minimise,
Family Limited Partnerships,
estate planning,
family wealth,
succession,
family investment company,
10-year charge,
relevant property,
investment company,
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?
Continue Reading
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,
inheritance,
Mike Hyland,
minimise,
Family Limited Partnerships,
family wealth,
succession,
family investment company,
10-year charge,
relevant property,
wealth planning
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.
Continue Reading
Tuesday, November 22, 2011 | Posted by: Louisa Naylor
Categories:
Personal,
Protecting your wealth
| Tags: tax,
HMRC,
advice,
investigation,
penalties,
code of practice,
fraud,
COP9,
Louisa Naylor,
tax investigations,
civil fraud,
Code of Practice 9,
enquiry
An increasing number of people with large funds held in offshore accounts are receiving a Code of Practice 9 (COP9) letter through their door as UK tax authorities strive to assess a further £7 billion of evaded taxes by 2014. Grant Thornton’s new tax investigations helpline is a first port of call. Meanwhile, tax manager Louisa Naylor looks at what you should do if you are caught by a tax investigation.
Continue Reading
