Wire
Knight Frank: Prime London property up 38% since March 2009
Prime central London prices have hit new record levels, rising nearly 40% since March 2009
Reuters: Swiss not offering final US settlement, contra to reports
The Swiss government has not offered a financial settlement to end an ongoing U.S. tax investigation into a number of the country's banks and remains willing to hand over bank client names as part of any deal, a spokesman said on Friday
Charles Russell: Legacy 10 to encourage more giving launched today
Today sees the launch of Legacy 10, an initiative designed to encourage more of us to leave legacies to charities under our Wills
Spear's Wealth Management Awards 2011: William Cash's introduction
The last time we met, the Spear’s team had moved into new offices off Fleet Street next door to Goldman Sachs, sharing a floor with our sister, the New Statesman. And now, under the ownership of Progressive, we are off to Hatton Garden in the centre of the diamond district
WBrief: Credit Suisse PB income down, AuM up
Credit Suisse’s private banking arm – comprising global wealth management and Swiss corporate and institutional clients – logged pre-tax income of SFr183 million (around $207.4 million) in the third quarter, down from SFr836 million a year ago, affected by one-off litigation costs
New Philanthropy Capital's guide to corporate giving launched
A practical guide, Corporate Giving aims to lay out best practice for business-sector philanthropy. Read its key points here
FT: Osborne says eurozone on "right road"
Eurozone leaders have put their economy on “the right road” to crisis recovery, but must be kept under pressure to implement the bail-out deal, George Osborne told MPs on Thursday
WBrief: Credit Suisse fined £6m over systems failings
The Financial Services Authority, the UK regulator, today said it has fined Credit Suisse (UK) £5.95 million ($9.5 million) for “systems and control failings” at the private banking arm, confirming months of speculation that the Swiss firm was to be hit with a big fine
Tax Justice Network: 10 loopholes in UK-Swiss tax deal
An agreement between the UK and Swiss governments, which permanent secretary for tax Dave Hartnett has stated will raise between £4-7bn, is so fundamentally flawed it could actually lose the UK tax revenue
FT: UBS in profit, despite rogue trading
UBS reported better than expected third quarter net profits of more than SFr1bn ($1.13bn), in spite of a massive unauthorised trading loss that cost the group SFr1.85bn
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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