The first international currency Our logo was inspired by the first international currency and pays tribute to the vision and intrepid entrepreneurship of our international clients. The little owl on our logo is the symbol of Athena, the Greek Goddess of wisdom and Protector of Ancient Athens. This image appeared on a silver coin,…
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…
DetailsAlthough the non-dom regime has now been abolished, income and gains sheltered from UK tax under the remittance basis of taxation (“RB”) remain taxable if remitted to the UK. However, between 6 April 2025 until 5 April 2028 there is an amnesty where these funds may be remitted to the UK at a reduced rate…
DetailsHMRC have successfully challenged a taxpayer’s domicile of choice on death, such that the taxpayer was unable to benefit from the highly beneficial India-UK Double Tax Agreement (“DTA”). This article discusses how the First Tier Tribunal reached their conclusion and highlights the need to ensure that “intentions” can be substantiated on demand. Inheritance Tax (“IHT”) …
DetailsSpring Budget – Taxation no longer determined by domicile; what does that mean for you? Today was possibly this Government’s last chance to make a notable change to UK taxpayers’ finances before the UK heads to the poll stations later this year. Undoubtedly, the pressure was on as the polls and recent by-election results predict…
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…
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