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Personal Perspectives archive

Personal Perspectives archive

Past thought leadership from our private client team.

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Greg Limb

Partner, Head of Private Client, Tax

KPMG in the UK

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June 2018 edition

Nudge, Nudge: Think, Think

HMRC is writing to those with offshore tax risks. What do you do if you get a letter?

The changing face of Entrepreneur Relief

The Entrepreneurs’ Relief (ER) landscape has become far more complex. Failing to meet the conditions could land you with an unexpected tax liability – or even a penalty.

To remit, or not to remit?

Should you pay the remittance basis charge? Read our guidance for non-doms

Tax reports - giving your adviser the complete picture

Tax reports come in at this time of year – but here’s what they may not tell you about.

Business Property Relief and family business succession planning

Business Property Relief can catch family firms out. Make sure you know the rules.

The art of giving

Supporting charities with your wealth can be more complex than you might think. It also comes with tax implications – for your cause, and for yourself.

Tightening the commercial property tax net

New rules due in 2019 reflect HMRC’s stricter stance on UK property ownership by non-resident individuals and entities.

Personal Perspectives

A collection of articles for wealthy individuals, family offices and entrepreneurs.

Non-dom trusts: The changing landscape

We look at how the latest non-dom rule changes affect the tax status of their offshore trusts.

Don't miss out when financing enterprises

Investors and entrepreneurs can take advantage of a range of tax reliefs when funding small businesses – not all of which are widely used.

Making the most of a land sale

The national housing crisis is pushing up the value of agricultural land. And with the Government promising to provide 300,000 new homes a year, it may inflate even further.

February 2017 edition

This edition was issued at a time when the UK’s economy is strong within the global market place, but the negotiations around leaving the EU inevitably promise a challenging period of uncertainty. Accordingly, we focused on the challenge of change with the theme of managing through uncertainty and disruption.

Thriving on the challenge of change

Entrepreneur Ian Townsend talks about how he thrives on the challenge of getting to grips with something new and explains how this has now led him into new ‘lifestyle’ related ventures.

The family business - till death do us part?

An individual owning a family business needs to identify commercial and family objectives before weighing up the impacts of either selling or keeping the business. We examine the tax impact of continuing to own a profitable business until death.

Do you hold offshore assets?

HMRC are raising the financial stakes and introducing the reputational damage of being 'named and shamed' for failure to correct compliance errors in relation to offshore assets. With complex tax rules, unintentional errors can easily happen and we highlight some positive actions to help manage the resulting uncertainty.

The times they are a-changin' (for non-doms)

With the changes impacting non-doms, we highlight how Wednesday 5 April 2017 will be ‘switchover day’ for many long-term resident non-doms and question if those who might be affected are prepared.

UK transparency for non-UK companies

Do you own a UK company, a UK business or property through a non UK company? Are you aware of the legal obligations, including those which bring personal obligations for individuals who are the ultimate owners? Our guide looks at what you need to look out for.

Would you like to live in the UK?

With an impending Brexit we are expecting to see restricted access to the UK for EU citizens. But the UK is still a welcoming attractive country and a place which many people would like to relocate. We explore the ‘investor visa’, which allows non-UK nationals access if they invest in the UK.

On the horizon

A snapshot of developments on some of the other more significant areas of change that are relevant for Private Clients.

Download a full copy of Personal Perspectives – February 2017 or to view on your eReader please click here.

July 2016 edition

The surprise Brexit result has made us stop and think again about the content in this edition and realise that all the areas covered remain very topical and in fact, the message of ‘take action’ is more relevant than ever in these uncertain times.

Taking action, with perspective

Danny Wyler, Chairman of ACPI Investments Group, talks about his career which began with his family’s grain trading company and highlights why we all can benefit from an interest in the performing arts. 

Family business, the challenge of change

Planning for future ownership and succession is one of the most pressing concerns for every business family. So what type of help is effective? 

Personal taxes, what's the plan?

Given the uncertainty, individuals are choosing options that meet their overall commercial and family objectives whilst maintaining flexibility. 

ER: Does your shareholding meet the 5% test?

You think you should benefit from Entrepreneurs’ Relief when you sell your business — but beware — the ‘5% test’ condition is catching people out. 

New CGT incentive for certain long term investors

A new tax relief for investors in private companies can secure a 10% tax rate on qualifying capital gains. Are you dwelling on your UK property investment? Investors are reconsidering both the nature of their investment and the suitability of holding structures 

I'm a UK resident non-dom, what should I do now?

I am about to pay UK tax on worldwide income and gains for the first time — and my UK residential property might be newly exposed to IHT both during my life time and when I die — what should I do now? 

Could transparency changes impact me?

Recent developments reinforce the need for anyone owning offshore assets to take sensible precautionary measures in advance of anticipated HMRC activity. 

On the horizon

A snapshot of developments on some of the more significant areas of change relevant to Private Clients.

Download a full copy of Personal Perspectives – July 2016 or to view on your eReader please click here.

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