HMRC’s whiplash tax change will leave res non-doms with sore wallets
For some, August means sandy beaches, chilled rosé and long summer evenings. However, for the UK Revenue, August 2014 meant…
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HMRC's whiplash tax change will leave res non-doms with sore wallets
This regime is designed to attract wealthy foreigners (and their capital) to the UK, since RNDs only pay UK tax…
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For non-doms, rules about summer holidays and impulse buys are complex
Having recently returned from a family holiday on an idyllic Greek island, I found myself considering the ‘vacation versus staycation’…
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How the government is going about snatching tax up-front
HM Government is introducing controversial legislation in the Finance Act 2014 to force individuals with open tax enquiries with HMRC,…
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Seneca Partners’ new service helps clients avoid inheritance tax by funding SMEs
Author: by Chloe Barrow Wealthy individuals – or indeed all people – are understandably concerned at the prospect of losing…
BySeneca Partners' new service helps clients avoid inheritance tax by funding SMEs
The first-of-its-kind initiative aims to help people safeguard their assets for the next generation without the hassle of having to…
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Moral outrage is not a way to calculate tax bills
Last month Charlie Elphicke MP tabled an amendment to the Finance Bill to criminalise lawyers and accountants who promote aggressive…
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As Wimbledon ends, could UK tax put sports stars off returning next year?
Once again, the sporting institution that is Wimbledon has ended in style, climaxing with Novak Djokovic’s spectacular victory over Roger…
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Will the mansion tax ever come to fruition?
A number of recent articles have been focussed on a prospective mansion tax. This is for good reason in that…
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If you’re thinking of coming clean to the taxman, here are the best ways to do it
HMRC have historically taken exception to the use of offshore accounts to evade UK taxes, but in years gone by…
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If you're thinking of coming clean to the taxman, here are the best ways to do it
Throughout their attempts to gain access to the information, HMRC have offered opportunities for individuals to come clean, disclosing tax…
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Just because your assets are outside the UK, doesn’t mean your inheritance tax liability is
There is a common misconception that bank accounts and other assets which are held outside of the United Kingdom are…
ByJust because your assets are outside the UK, doesn't mean your inheritance tax liability is
For people who are (deemed to be) domiciled in the United Kingdom, their estates are liable to pay inheritance tax…
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With a mountain up for sale, how to avoid selling off your own estate
As has been mentioned across the popular press, Lord Lowther is presently trying to sell a Lake District mountain, Blencathra,…
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If the government can reach into people’s accounts to take money, the poorest will be worst hit
HM Revenue and Customs has published a consultation document on proposals to give itself powers to collect money directly from…
ByIf the government can reach into people's accounts to take money, the poorest will be worst hit
The UK tax system is complex and mistakes in law will happen. Not all taxpayers can afford an accountant or…
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How can I avoid paying inheritance tax on my home?
Headlines about UK house price inflation abound. The English Land Registry has reported a 5.6 per cent average annual house…
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Americans coming to Britain must beware a tax nightmare
As a passionate American Anglophile, you step off the plane at Heathrow excited about spending the summer in the UK.…
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How the legalisation of pre-nups will help protect offshore trusts
Offshore trusts can enable family wealth to benefit future generations and remain a popular succession-planning vehicle for wealthy families. Wherever…
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HMRC is in the hot seat as anti-avoidance looks set to get tougher
Tax reliefs are an essential part of the tax system. They can be used as a mechanism to redistribute wealth,…
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