Wealth Briefing magazine is the premier news and information source for the global wealth management sector. In this week’s edition, Mark Davies illustrates that abolishing non-doms in the name of tax fairness is a fallacy. Background The beneficial non-dom regime has been under attack for many years under Labour, Coalition and Conservative Chancellors. At the…
DetailsPlace one fresh frog in a pot of comfortingly warm water. He will gently drift off to sleep while the water heats up and poaches him nicely. This method is far more successful than placing him directly into boiling water as he would jump out in alarm. In Mark Davies’ articles in Taxation Magazine and…
DetailsImage Rights Arrangements – A Guide for Tax Advisers In this month’s Tax Adviser Magazine Jon Elphick examines HMRC’s stance against image rights arrangements, focussing on the recent decision of the First Tier Tribunal case Hull City AFC (Tigers) Ltd versus HMRC. Its findings can be seen as a very useful guide for tax…
DetailsAre non-doms paying a “fair share” of tax? Today, HMRC has published its yearly figures on the numbers of UK tax payers claiming non-dom status on their tax return. This makes interesting reading as they are the first set of statistics released since the last drastic overhaul of the non-dom regime. The 2017/18 tax year…
DetailsCitizenship by Investment Investors are being incentivised to buy property in Dubai with the opportunity to obtain a Moldovan passport offered as part of the property package. Does this market in citizenship by investment expose countries to criminals who wish to launder money within their borders? In this article in Wealth Briefing Sian explores some…
DetailsTax relief on property is discussed in the Financial Times this morning, as one reader poses the question – “If I convert a barn on my farm estate into a house for my son to live in, can I claim tax relief on the conversion?” Tom Trewby advises that costs cannot be offset against farming income,…
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