Tax & Trust
Living by the Code
I do wonder at times if we are regarded by some EU nations as ‘pirates’, based in ‘treasure islands’ full of loot!
Should I renounce my US citizenship?
I am a US citizen but have been living in the UK for the past 17 years. I was relocated to the UK by my employer, and I will probably remain in the UK until my retirement. Are there any US and/or UK tax benefits to me renouncing my US citizenship?
Europe's Next Top Bailout
Several major issues need to be addressed in order to restore market confidence in an unwieldy and wobbly-looking eurozone, says Guy Monson
Double Dipping
So where are we now? The evidence all points to a double-dip around the turn of the year
I Liech That!
Freddy Barker says carpe diem to take advantage of the Liechtenstein Disclosure Facility: it’s never been easier to come clean
RBC advice on CGT
In advance of the emergency Budget on 22 June 2010, Louise Somerset, Tax Director from RBC Wealth Management, provides advice around how individuals can prepare for the proposed CGT rise. Please find her comments below.
Kleinwort Benson on CGT
London 19th May 2010: The Capital Gains Tax (CGT) rate for ‘non-business’ assets - which include amongst other assets, collective investments, second properties and shares - is widely expected to be targeted in the Emergency Budget on 22nd June.
Expert Election Analysis
The top family offices, wealth managers and accountants have sent us their reaction to the General Election result: what do they think a hung parliament or a coalition government will mean for HNWs and the markets?
Promises, Promises
Spear's has read the manifestos so you don't have to; the picture for high-net-worths is not pretty.
DoJ trumpets tax crackdown
The Department of Justice has obtained nearly 500 civil injunctions to stop the promotion of tax scams and the preparation of false and fraudulent tax returns, and has criminally prosecuted numerous tax fraud scheme promoters
Unbillable Hours
Our specialists solve your HNW problems (gratis!)
Q
I currently earn over £200,000 per annum and have a portfolio of investments that are actively managed. The gains exceed the annual allowance by a considerable margin. Following the increase in the rate of Capital Gains Tax to 28% announced in the emergency budget, is there anything I can do to reduce my tax bill?
A
One of the simplest things to do would be set up an Offshore Bond to hold your investment portfolio. An Offshore Bond has a number of advantages, including ease of administration, tax deferral and simple access to a range of assets. One of the main drawbacks of managing a portfolio independently is the burden of administration and record keeping.
Spear's Wire
The Hedgehog
Spear's Spiky Undercover Agent Dishes the Gossip
