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

Indian Swiss tycoon could owe $137m amid Isle of Man trust tax probe

A prosecutor then told tax authorities that Hinduja still resided in Geneva, despite claims of residency in Monaco since 2007.

UK taxpayers who believe that being paid in crypto currency will provide a tax loophole will be disappointed

“UK tax legislation makes it clear that tax is due on someone’s ‘earnings’ – that is ‘money’ and anything which has a ‘money’s worth’. Cryptocurrencies clearly satisfy these criteria.”

MALTA: Loopholes in corporate tax scheme to be closed

Shortcomings flagged by FATF

Making inheritance taxes fairer

The OECD made such a suggestion in its recent report on inheritance taxation.

Weekly Tax Update 24 August 2021

Ami Jack can introduce you to relevant specialist tax advisors within our firm.

New data reveals soaring Inheritance Tax receipts

The recent run of increases to monthly IHT receipts means the tax is becoming an increasingly important revenue source for the Treasury.

KPMG debuts ambitious tax practice for US expats in UK and Europe

The KPMG team will be led by Linus Ostberg, who joins as director of the US tax practice of KPMG UK's family office and private client team.

Save tax with Portugal’s non-habitual residency scheme

The NHR scheme is also attractive to non-employed expatriates and retirees.

KPMG launches new tax practice in London for US expats

The KPMG team will be led by Linus Ostberg, who joins as director of the US tax practice of KPMG UK’s family office and private client team

Unpaid stamp duty clawed back by the tax man soars to five-year high

Despite the marked drop off in investigations, HMRC’s recouped cash from stamp duty investigations stayed broadly in line with the four-year average annual tax take from investigations of £60.5m.

PwC’s UK partners take home record pay as deals surge boosts profits

Firm’s 22,000 staff shared a total bonus pot of £128m, up from £83m a year earlier

Third party tax information notices taxpayers have no right to attend hearing

The third party will usually be notified in advance that an application for the issue of a notice is going to be made and will have an opportunity to submit representations regarding the information required.

Why Britain’s punitive tax system risks deterring Middle East property investors

Experts say rising tax rates make residential homes less attractive to wealthy foreign buyers

Record CGT take just a start as speculation remains about reform

This was cut recently to £1million from £10million in the March 20 budget so this will also contribute to future increases.

Record CGT take just a start as speculation remains about reform

This was cut recently to £1million from £10million in the March 20 budget so this will also contribute to future increases.

Tax Justice Network chair and its senior adviser quit in 'disenchantment' row

There now appears to be no one working at or advising TJN who has ever worked in tax, or accounting, or financial services.

HMRC closes unit set up to investigate family investment companies

Authority finds no evidence that the wealthy used FICs for tax avoidance

HMRC shutters one dedicated tax avoidance investigation unit

It had been tasked with assessing family investment companies

Don’t jeopardise tax reliefs through a lax approach to grazing lets

Despite APR being a generous relief, it only removes from inheritance tax (IHT) the agricultural value of the land, and it is often the case that land has hope or development potential which would still be exposed to IHT.

UK proposes new tax regime for fund asset holding companies

The government issued a second consultation on the proposals in December and has now set out the plans for reform in draft legislation, a policy paper and a consultation response document.