Bespoke - for private clients

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Closing a limited company? End of ESC C16 could penalise those extracting funds

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, payment of capital, dissolution, Chris Tysoe, share capital, extraction of funds, Extra Statutory Concession, ESC C16, company distributions, shareholder, striking off, winding up

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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.

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Bespoke magazine: a world of wealth for private clients

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

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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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Cold comfort on farms’ IHT relief

Tuesday, August 09, 2011 | Posted by: Naomi Smith
Categories: Business, Protecting your wealth | Tags: business, tax, property, inheritance tax, IHT, relief, liability, Naomi Smith, estate planning, value, APR, farming, IHT planning, agriculture, exemption, farms, agricultural property relief, leasing

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Agricultural property relief doesn’t always offer farmers and farmhouse owners an exemption from inheritance tax (IHT). Here, for example, are two scenarios that may trigger a crippling final IHT bill for the unsuspecting. Read on to make sure you don’t have to sell the family farm…

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Avoiding inheritance tax with business property relief? Beware these nightmare scenarios…

Tuesday, July 26, 2011 | Posted by: Naomi Smith
Categories: Business, Protecting your wealth | Tags: business, tax, property, inheritance tax, IHT, relief, liability, Naomi Smith, estate planning, BPR, Business Property Relief, commercial property, IHT planning, exemtpion

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The lesser-known pitfalls surrounding business property relief may leave your business at risk of a very large and unexpected inheritance tax bill. Let the horror stories of Mr Wealthy and Ms Success be a lesson to those who think they are exempt from death and taxes…

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Relief doubled for entrepreneurs – Budget 2011 update

Thursday, April 07, 2011 | Posted by: Stuart Maggs
Categories: Personal, Protecting your wealth | Tags: business, tax, entrepreneurs, budget, relief, budget2011, disposal, Entrepreneurs' Relief, selling

Last month, I wrote about the

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Thinking of selling? Entrepreneurs’ Relief could save you up to £900,000 tax

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

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?

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Fraudsters, due diligence and how not to get conned

Thursday, February 10, 2011 | Posted by: Fiona Cullinan
Categories: Personal, Protecting your wealth | Tags: business, due diligence, security, fraud, ID theft, forensics, deep web mining, checks, passwords, evidence

It may feel uncomfortable to question the integrity of people we meet, but a little circumspection goes a long way, says Chris Clements, Partner, Forensic & Investigation Services, Grant Thornton.

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Don’t get sleighed by new VAT rules on boats and aircraft

Thursday, January 06, 2011 | Posted by: Gary Woods
Categories: Business, Personal, Protecting your wealth | Tags: business, tax, HMRC, VAT, Gary Woods, aircraft, residence, jets, flying, planes, European Court of Justice, sailing, Santa, transport, boat

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If you’re thinking of trading in your boat or jet for a newer model in 2011, you may find the cost adds up to more than you think. As we’re still feeling festive, let’s take Santa and his sleigh for a ride through the new VAT rules.

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Tax planning with companies is back in fashion

Wednesday, July 28, 2010 | Posted by: Richard Jameson
Categories: Protecting your wealth | Tags: business, tax planning, Richard Jameson, income tax, corporation tax, companies, sole traders

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The 50% top income tax rate against an eventual 24% corporation tax rate is making the company structure desirable once more for sole traders or partnerships seeking tax savings or deferrals. We review the trend and the options…

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UK election 2010: business reaction

Friday, May 07, 2010 | Posted by: Fiona Cullinan
Categories: Business | Tags: business, links, economy, government, reaction, election, British Chambers of Commerce, CBI, stockmarket, tax rises, hung parliament, uk election

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As the UK wakes up to the first

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