Rishi 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…
DetailsPolitical point scoring over the non-dom tax regime has continued in recent times with shadow Chancellor, Rachel Reeves, pledging if elected, to reduce the time that the Remittance Basis can be accessed from 15 to 5 years. In this article we round up our response to the debate. Details of Labour’s plans remain in 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…
DetailsFollowing 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…
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…
DetailsAgainst a backdrop of global economic uncertainty and increased borrowing costs, Chancellor Rachel Reeves delivered her Spring Statement for 2025 today as she attempts to navigate the balance between long-term responsibility and meeting the immediate needs of the country. As expected, no major tax changes were announced. This may come as a welcome relief for…
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