Wire
Knight Frank selling St John's Wood Barracks for £225m
Knight Frank today launches to market the St John’s Wood Barracks site, in North London, which represents one of the last remaining prime central London development opportunities of any scale. Offers in excess of £225 million will be considered
WBrief: London & Capital launches gold, diamond investment service
Tapping into what it sees as investor demand for “real assets” such as precious metals as inflation fears hold sway, UK-based wealth manager London & Capital has launched a bespoke diamond and gold investment service
IMF: UK should stick to deficit reduction plan
The government should stick to its current deficit-reduction programme, the International Monetary Fund said today, despite the UK’s flagging economic recovery and rising inflation
Lloyds: Wealthy unhappy in Britain
Britain is lagging behind other developed countries in terms of quality of life, financial well-being and ‘general happiness’, according to a survey of wealthy people
FinAlt: A passion for art investing
This spring, Steve Cohen of SAC Capital Advisors sold an Andy Warhol painting ("Liz #5") for a cool $27 million
Speechly Bircham to open offices in Luxembourg, Zurich
London law firm Speechly Bircham has today announced the opening of two new European offices. The firm is opening in Luxembourg and Zurich, which will enable its Financial Services and Private Wealth teams to offer direct support to clients and intermediary contacts in two of Europe’s other leading financial centres
Knight Frank: Prime London up 33% from low
Prime London property prices have risen 33 per cent since their March 2009 low, but the relatively weak pound means that foreign buyers can still expect bargain prices, according to Knight Frank
Bottle of 61 Latour goes for £135,000
Chinese demand for fine wine shows no sign of diminishing, with thirsty buyers in Hong Kong today snapping up some rare and highly regarded vintages – at three times the going price
Boodle Hatfield on Hastings Bass
Boodle Hatfield explains the ins and outs of the Hastings Bass decision, and why trustees should beware
WSJ: UBS to hive off investment bank
Swiss financial giant UBS AG is planning to separate its investment bank and incorporate it outside of Switzerland in an effort to placate regulators there who want to prevent another bailout should the bank fall on hard times as it did in 2008, said people familiar with the matter
Unbillable Hours
Our specialists solve your HNW problems (gratis!)
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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