The UK’s Tier One “Investor Visa”, which gave wealthy immigrant investors the opportunity to live in the UK for an investment of £2 million and above in qualifying UK assets, was suspended without warning on the 17th February 2022, with immediate effect. Those persons holding the Investor Visa already, or those with pending applications, will remain eligible…
DetailsRishi Sunak stood in front of the House of Commons with what appeared to be a relatively upbeat message. Whether the rhetoric becomes fact, only history will tell us, but at least there were no major surprises in the Autumn Budget and Spending Review 2021. No news is good news for non-doms and investors The…
DetailsThis week The Telegraph reported on recent findings from the Institute of Fiscal Studies which calculates the UK tax burden to be reaching a 70 year high, prompting fears across the political spectrum, of an exodus of the mobile rich to more favourable tax jurisdictions. Further Tax Rises Loom – Mark Davies comments Mark Davies…
DetailsIf you have secured a debt on overseas assets, you need to read this. HMRC have decided that they will, once again, change the way they treat offshore income and gains that are used as collateral for UK debts. In the past, it was possible to borrow against your offshore income and gains, bring the…
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…
DetailsNon-resident buyers face SDLT rises in April While the focus of many UK residential property purchasers has been the Stamp Duty Land Tax rate “holiday” over the course of the pandemic, focus is now shifting to the rate increase that will soon apply for non-resident buyers. The changes were proposed some time ago but will…
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