- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Rich Norwegians flee to low-tax Switzerland as wealth levy bites

Business leaders voice concerns over taxes imposed by centre-left government in Oslo

UK tax deductions not available on costs associated with disposal of a business

This decision upheld part of an earlier Upper Tribunal (UT) decision, which also concluded that the expenses were expenses of management, but overturned the UT’s conclusion that the expenses were not of a capital nature.

Important changes planned for Italy's real estate tax framework

Capital gains resulting from the disposal of companies or other entities, wherever they are located, which hold Italian property may become taxable in Italy.

New European VAT rules set to increase online travel booking costs

The EU’s new drive to close the gap on undeclared and unpaid VAT on services from short-term accommodation letting to passenger transport mean that many will be liable to either pay VAT for the first time or to pay more VAT than is currently applied

Treasury tax raid to drag 200,000 Londoners into higher rate

It means that more than a third of Londoners, 36.1 per cent, will be paying the higher rate.

Lower VAT rates to apply in Luxembourg in 2023

The changes were ratified by the Council of State last month and will take effect from 1 January 2023 until 31 December 2023.

Outrageous Predictions: Tax havens will be dried up

They give a good insight into what keeps bankers up at night.

Scottish unions call for ‘progressive wealth taxes’ ahead of Scottish Budget

The union body said a combination of changes to income tax bands

New Scots wealth tax on rich proposed to support public services

The report demonstrates how £1.3 billion of reforms could be in place as early as April 2023 to help fund public services and pay.

HMRC taxpayer information notices

HMRC is not required to make an informal request prior to issuing a Schedule 36 notice, so in some circumstances, HMRC may consider it more appropriate to simply issue a Schedule 36 notice straight away.

How can investing in AIM shares help to manage inheritance tax (IHT)?

This compares favourably with the usual rules that apply to gifts and simple trust transfers, when you have to survive for seven years before they fall out of your estate.

Advisers’ guide to tectonic tax shifts

We outline the tax allowances available to use this tax year in light of the autumn statement.

Tax band freezes equivalent to 3.5pp rise in headline tax

Most taxpayers don’t understand how ‘fiscal drag’ works

How to ease your tax burden by using available allowances

As the enormity of the Chancellor’s tax measures sink in, it is abundantly clear that the UK faces several years under a historically high tax burden.

‘Double tax trap’ risk from IHT and CGT changes

‘People could fall foul of the fiddly rules and not know they have an extra tax bill to pay’

Wealth taxes on middle class to rake in £130bn in the coming years as squeeze intensifies

The haul will rise from £6.7billion this year to a record £7.8billion in 2027-28.

Santander boss hits out at bank windfall taxes

Ana Botín says strong banks can lend more and boost the economy

‘Deep freeze’ and tax cuts mean bad news for IHT and CGT

Chancellor Jeremy Hunt unveils ‘balanced plan’ to cope with record inflation and cost-of-living crisis

Spain's additional wealth tax legislation could take effect in 2022

In some places, including Madrid, this has resulted in wealth tax being reduced to zero.

Apex Group Budget Briefing - Autumn Statement 2022

The Office for Budget Responsibility saw an average inflation rate for this year of 9.1% and 7.4% predicted for next year.