Bespoke - for private clients
Tuesday, November 01, 2011 | Posted by: Naomi Smith
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
offshore,
income,
domicile,
Naomi Smith,
residence,
non-dom,
residency,
overseas,
non-domicile,
UK,
offshore funds,
non-residency,
remittance basis,
foreign income,
ordinarily resident,
tax liabilities,
resident
There are currently a quarter of a million online discussions asking questions about how you will be taxed if you bring money from abroad or transfer foreign income into the UK. The multitude of answers are enough to tax anyone’s brain, but the foremost deciding factor is domicile. Here,we look at the situation for both UK-domiciled and non-domiciled individuals.
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Wednesday, August 24, 2011 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax,
HNWIs,
property,
CGT,
income tax,
Dave Jennings,
income,
investigation,
tax evasion,
Tax Investigations,
social networks,
landlords,
undeclared,
buy to let,
undisclosed
Are taxpayers with undeclared income like needles in a haystack or are they sitting ducks for the taxman? As the Government looks with renewed vigour at tax avoidance and tax evasion in order to raise the tax take, many of you are asking: ‘How can HM Revenue & Customs (HMRC) find out about my undisclosed income?’
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Wednesday, August 17, 2011 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax,
entrepreneurs,
HMRC,
offshore,
government,
income tax,
Dave Jennings,
disclosure,
budget,
tax avoidance,
income,
relief,
investigation,
penalties,
Liechtenstein Disclosure Facility,
Liechtenstein,
amnesty
The
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Wednesday, June 22, 2011 | Posted by: Mike Hyland
Categories:
Protecting your wealth
| Tags: tax,
tax planning,
income tax,
income,
reduce,
Mike Hyland,
minimise,
strategies,
savings
The top rate of income tax of 50% is the highest since 1988. Coupled with the 1% hike in National Insurance rates from 6 April 2011, the bleak picture for higher earners is that what ends up in their wallet or purse can be significantly less than half of what they earn. Here are 10 suggestions for how to avoid paying too much tax.
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Thursday, January 06, 2011 | Posted by: Fiona Cullinan
Categories:
Business,
Personal,
Protecting your wealth
| Tags: tax,
entrepreneurs,
tax planning,
property,
inheritance tax,
CGT,
Sue Knight,
income tax,
IHT,
pensions,
income,
debt,
reduce,
pilot trusts,
minimise,
capital gains,
strategies,
savings,
personal
Don’t miss our excellent money-saving series from Sue Knight, Director, Tax. Here’s a roundup of her posts on strategies for reducing your income tax, capital gains tax and inheritance tax burdens.
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Thursday, December 09, 2010 | Posted by: Sue Knight
Categories:
Business,
Protecting your wealth
| Tags: tax,
tax planning,
property,
capital gains tax,
CGT,
Sue Knight,
income tax,
pensions,
income,
reduce,
investments,
minimise,
strategies,
savings,
personal,
Finance Bill 2011,
wrapper
The publication of draft clauses for the Finance Bill 2011 is imminent and no doubt there will be opportunities for some and disappointment for others. One thing is certain: the 50% income tax rate for those with incomes over £150,000 is likely to be with us for the foreseeable future, putting income tax reduction on the agenda for many. Although it has been interesting to hear a number of politicians from different parties talking about it as a ‘temporary tax’.
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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
A little-known change to income tax will have major repercussions for beneficiaries of some trusts, says Rachael Dronfield, Tax Manager at Grant Thornton.
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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
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
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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
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…
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Thursday, June 04, 2009 | Posted by: Grant Thornton
Categories:
Personal,
Protecting your wealth
| Tags: income,
trust,
Family Limited Partnerships,
capital,
Inheritance Tax
Family Limited Partnerships have been much talked about since 2006 when the trust rules were significantly altered. But are they all they’re cracked up to be?
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