Wire
NPC: Charity trustees face challenges
New Philanthropy Capital has produced a report which outlines the main challenges facing charity trustees today
PWC Global Private Banking and Wealth Management Survey 2011
The PWC Global Private Banking and Wealth Management Survey 2011 reveals that the industry remains profitable in spite of considerable structural change and new regulatory burdens
Schiele goes for £25m at Sotheby's
Last night in a packed saleroom Sotheby’s Impressionist & Modern Evening Sale was led by Egon Schiele’s 1914 cityscape Häuser mit bunter Wäsche (Vorstadt II)/Houses with Laundry (Suburb II), which sold for £24,681,250/$40,099,627/€27,635,665 (est. £22-30 million/$35.4 – 48.5 million), almost double the previous record for the artist at auction
World Wealth Report: Asia Overtakes Europe
The World Wealth Report 2011 released today reveals that are more HNWs in Asia-Pacific (3.3 million) than Europe (3.1 million) for the first time; Asia-Pacific expanded its lead by worth from $200 billion in 2010 to $600 billion in 2011
FT: JP Morgan pays $150m to resolve fraud charges
JPMorgan Chase has agreed to pay $153.6m to resolve US civil fraud charges that it misled investors in a mortgage-related security created for Magnetar, an Illinois hedge fund that was betting against the deal
HNW inflation up by 6%
Figures released today by multi-family-office Stonehage show that prices of luxury goods and services for London-based UHNWs increased by 6 per cent in the year to April 2011
Evill/Frost sale smashes records
Last night the first session of Sotheby’s sale of the greatest collection of 20th-Century British art ever to come to the market, The Evill/Frost Collection, fetched a total of £37,464,300, doubling the pre-sale high estimate
LG: Wealthy parents drive prenups
Wealthy parents are most likely to be the driving force behind a pre-nuptial agreement, a poll conducted by leading City law firm Lawrence Graham (LG) has revealed
Stanhope Capital Acquires Jewson Associates
Boutique investment firm Stanhope Capital has acquired Jewson Associates, an investment consultancy firm specialising in the non-profit sector
FT: Helios Sets Record for African Private Equity
The largest ever amount of money for a new private equity fund targeting Africa has been raised by Helios Investment Partners with a $900m investment vehicle.
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Q
Is it really possible to avoid stamp duty land tax when purchasing land and property?
A
A lot has been made recently in the press about buyers of some of the UK’s most expensive homes avoiding stamp duty land tax (SDLT) by purchasing their home through a company.
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