Following drastic tax changes last year, speculation was once again widespread in the run up to Chancellor Rachel Reeves’ second Autumn Budget (even more so with the OBR’s fiscal report having been leaked half an hour ahead of the Chancellor’s speech). With Britain facing a fiscal gap (now a “£28.8 billion black hole”), as well as…
DetailsThe importance of providing specialised UK tax planning advice for non doms. As vaccines roll out across many parts of the world, the reopening of borders will follow and the anticipation of a new influx of individuals (and capital) will revitalise Tax Planning in the UK. The UK has a beneficial taxation regime for those…
DetailsThe Spring Budget saw the Chancellor outline his fiscal plans for the UK for the next twelve months based around four key priorities: Employment, Education, Enterprise and Everywhere. Although Mr Hunt’s speech lasted almost an hour, there yet again appears to be very little immediate changes that could impact on our clients. Nevertheless, we have…
DetailsWhat is a Private Trust Company? For many years, wealthy families have used trusts to protect their wealth and maintain an element of control to avoid providing large sums of money to children in one go (among many other uses). Over recent years, some families have become more reluctant to give the full control to…
DetailsThe Labour party has been promising to impose VAT on private school fees for some time and it looks as though this threat is about to be realised. We understand that the change will be implemented relatively quickly (indeed it could be as soon as the first budget, likely to take place in September), possibly…
DetailsPortugal announces end of NHR Tax regime Last week, António Costa stated in an interview that he intends to phase-out the highly beneficial NHR tax regime by 2024. But, for now, there is good news, individuals who have registered for the scheme before 2024 will be able to continue to benefit for the foreseeable future.…
Details