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,
extraction of funds,
ESC C16,
company distributions,
liquidation,
Extra Statutory Concession,
shareholder,
payment of capital,
dissolution,
Chris Tysoe,
share capital,
striking off,
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.
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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.
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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.
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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?
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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.
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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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Friday, October 28, 2011 | Posted by: Mike Hyland
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
HNWIs,
income tax,
pensions,
retirement,
tax relief,
Mike Hyland,
high earners,
minimise,
higher rate taxpayer,
pension,
James Temperley,
pension series,
pensions changes,
income drawdown,
annuity,
capped drawdown,
flexible drawdown,
50% tax
A common reason clients give for not wishing to contribute to pensions are the restrictions on how and when they can access their pension benefits after retirement. From April this year there is a new option for such retirees. Flexible drawdown, as the name suggests, will give individuals much more freedom as to how they take their pension benefits.
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Friday, October 21, 2011 | Posted by: Mike Hyland
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
HNWIs,
income tax,
pensions,
retirement,
Mike Hyland,
high earners,
minimise,
higher rate taxpayer,
pension,
James Temperley,
pension series,
pensions changes,
lifetime tax relief,
lifetime allowance,
fixed protection,
50% tax
Our pension series continues with a look at the changes to the pension rules, which may cost you up to £165,000 if you don’t take action before 6 April 2012.
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Friday, October 14, 2011 | Posted by: Mike Hyland
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
HNWIs,
income tax,
IHT,
pensions,
retirement,
tax relief,
Mike Hyland,
high earners,
higher rate taxpayer,
pension,
James Temperley,
pension series,
pensions changes,
50% tax rate,
pensions carry forward,
annual allowance
After answering some of the most common pension questions in our post last week, we now consider the recent changes to the rules on pension contributions and how you could make best use of the new rules to provide for yourself and your family.
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Friday, October 07, 2011 | Posted by: Mike Hyland
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
HNWIs,
income tax,
pensions,
retirement,
tax relief,
Mike Hyland,
high earners,
minimise,
higher rate taxpayer,
pension,
James Temperley,
pension series,
50% tax rate,
annuity
Welcome to our new blog series on pensions. As an introduction, we will answer some of the most commonly asked pension-related questions and look at why now is such a good time to consider pension planning.
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