Personal Perspectives archive
Personal Perspectives archive
Past thought leadership from our private client team.
August 2021 edition
Capital taxes: beyond the pandemic
Capital tax reform remains on the agenda as the Government aims to rebalance public finances. What could potential changes to capital tax mean for private clients? Greg Limb explores the potential implications.
Shareholder taxes – where are we now?
Although Capital Gains Tax and Inheritance Tax rates were not changed in the 2021 March Budget, these changes are still very much on the cards. Nick Pheasey shares his perspective on the future of shareholder taxes.
Keeping up with crypto: the tax implications
Tax around crypto is complex and depending on your circumstances you could end up having your crypto profits dented by Capital Gains Tax (CGT). Derek Scott looks at how HMRC taxes cryptoassets.
Selling your business: three key tax considerations for private business owners
Ahead of potential changes to capital gains tax, Nick Pheasey talks through what shareholders have been raising and what are the most important points to consider when selling your business.
February 2021 edition
Tax increases are inevitable once Rishi Sunak begins rebalancing public spending. Greg Limb explores the impact of the measures being considered.
As the March 2021 Budget approaches, what will reform of capital taxes look like and when will it happen?
A look back at how previous Chancellors have changed capital gains tax and the resulting impacts of such changes.
The decision of whether the UK Government introduce a wealth tax should not be taken in isolation.
The accurate and timely filing of your self-assessment tax return has never been more important.
Holding together an estate with a long history is no mean feat; the threats come in many guises.
With capital gains tax and inheritance tax under review, how might this impact family business succession planning?
For business families, succession planning can help ensure prosperity of their business in the future.
August 2020 edition
What is the purpose of tax? The concept of equitable taxation is one that remains much debated across the world. Greg Limb explores the potential introduction of a wealth tax in his latest blog.
To support decisions around business succession and wealth transfer, we explore how best to maximise and protect the availability of Inheritance Tax and Business Property Relief.
While UK taxpayers may now defer payments on account until January 2021, it will still be necessary to submit tax returns as normal. We outline the key reasons to check the detail in your tax pack.
With the restriction of the Business Asset Disposable Relief following the 2020 Spring Budget, we explore some of the other tax reliefs still available to investors.
Jo Bateson, Tax Partner, Private Client Advisory, shares her perspectives on the changing approach to philanthropy and how best to decide on a strategy that suits you.
Greg Limb discusses how wealthy individuals and family offices are now operating globally and therefore a comprehensive solution to handling their wealth is required.
Andra Ilie, Senior Manager, Family Office and Governance, discusses the importance of having a clearly defined purpose when planning a successful journey for the family and their wealth.
June 2018 edition
HMRC is writing to those with offshore tax risks. What do you do if you get a letter?
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.
Should you pay the remittance basis charge? Read our guidance for non-doms
Tax reports come in at this time of year – but here’s what they may not tell you about.
Business Property Relief can catch family firms out. Make sure you know the rules.
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.
New rules due in 2019 reflect HMRC’s stricter stance on UK property ownership by non-resident individuals and entities.
A collection of articles for wealthy individuals, family offices and entrepreneurs.
We look at how the latest non-dom rule changes affect the tax status of their offshore trusts.
Investors and entrepreneurs can take advantage of a range of tax reliefs when funding small businesses – not all of which are widely used.
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.
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.
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.
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.
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.
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.
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.
A snapshot of developments on some of the other more significant areas of change that are relevant for Private Clients.
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.
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.
Planning for future ownership and succession is one of the most pressing concerns for every business family. So what type of help is effective?
Given the uncertainty, individuals are choosing options that meet their overall commercial and family objectives whilst maintaining flexibility.
You think you should benefit from Entrepreneurs’ Relief when you sell your business — but beware — the ‘5% test’ condition is catching people out.
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 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?
Recent developments reinforce the need for anyone owning offshore assets to take sensible precautionary measures in advance of anticipated HMRC activity.
A snapshot of developments on some of the more significant areas of change relevant to Private Clients.
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