Monday, October 05, 2009 | Posted by: Sue Knight
Categories:
Protecting your wealth
| Tags: tax planning,
HMRC,
Sue Knight,
Employer Financed Retirement Benefit Scheme,
EFRBS,
high earners | Total Views: 26501
Last month, I outlined Employer-Financed Retirement Benefit Schemes (EFRBS) as part of
Tuesday, September 29, 2009 | Posted by: Fiona Cullinan
Categories:
Infographic
| Tags: recession,
statistics,
survey,
infographic,
chart,
divorce,
marriage,
credit crunch,
reasons for divorce | Total Views: 9514
Marriages are supposed to be ‘for better or worse’, but how sturdy are they in a depressed economy?
Grant Thornton’s
Monday, March 21, 2011 | Posted by: Stuart Maggs
Categories:
Personal,
Protecting your wealth
| Tags: business,
tax,
entrepreneurs,
relief,
planning,
trusts,
incentives,
shares,
assets,
Stuart Maggs,
sale,
spouse,
disposal,
saving,
Entrepreneurs' Relief,
children,
selling,
pitfalls | Total Views: 9310
Entrepreneurs’ Relief can offer significant tax savings when selling shares or the whole or part of a business. So how do you qualify? What are the four pitfalls to avoid disqualification? And what are clients asking us about tax planning and Entrepreneurs’ Relief?
Monday, September 07, 2009 | Posted by: Sue Knight
Categories:
Protecting your wealth
| Tags: tax planning,
inheritance tax,
Sue Knight,
income tax,
income,
trusts,
tax planning solutions,
taxable income,
high income | Total Views: 7789
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…
Wednesday, August 25, 2010 | Posted by: Fiona Cullinan
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
income tax,
income,
trusts,
refunds,
Rachael Dronfield,
dividends,
discretionary trusts,
interest | Total Views: 7783
A little-known change to income tax will have major repercussions for beneficiaries of some trusts, says Rachael Dronfield, Tax Manager at Grant Thornton.
Thursday, March 04, 2010 | Posted by: Sue Knight
Categories:
Protecting your wealth
| Tags: tax,
HMRC,
HNWIs,
Sue Knight,
tax havens,
domicile,
residence,
Gaines-Cooper,
residency,
IR20,
UK residents,
status,
Finance Bill 2008 | Total Views: 6764
Tuesday, February 15, 2011 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax,
HMRC,
Dave Jennings,
undisclosed income,
out of time,
case,
tribunal,
appeals | Total Views: 6161
As tempting as it may be to stuff unopened HM Revenue & Customs (HMRC) envelopes down the sofa or behind the clock, details of a recent tax tribunal decision may change your mind. This is a real horror story of HMRC turning a £3,000 initial risk into a £275,000 problem and the possibility of bankruptcy.
Thursday, January 21, 2010 | Posted by: Fiona Cullinan
Categories:
Business,
Infographic,
Protecting your wealth
| Tags: tax,
offshore,
finance,
infographic,
banking,
tax haven,
IMF,
jurisdiction | Total Views: 5947
While most people think of the traditional tax haven as being somewhere like Switzerland or Bermuda, there are in fact more than 60 offshore financial centres around the world, according to the IMF.
Grant Thornton’s latest infographic shows the scale and global spread of such offshore tax jurisdictions, locating them by country, city and island/political region…
Tuesday, September 07, 2010 | Posted by: Fiona Cullinan
Categories:
Day in the life
| Tags: entrepreneur,
HNWI,
Directorbank,
diary,
Jonathan Hick,
millionaire,
secret,
day in the life | Total Views: 5746
A serial entrepreneur, Jonathan Hick has set up 10 companies in the past 23 years, including
Thursday, November 19, 2009 | Posted by: Sue Knight
Categories:
Protecting your wealth
| Tags: tax planning,
HMRC,
CGT,
Sue Knight,
income,
capital gains,
taxpayers,
discretionary cash bonus schemes,
conversion,
employee incentive plans,
cash balances,
equity reward plans | Total Views: 5685
Avoiding the new 50% income tax rate by converting income into capital is likely to be a top dinner party discussion for the wealthy right now. From 6 April 2010, individuals with income above £150,000 will be taxable at 50%. By contrast, as noted in
