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

French property owners warned over double tax risk

Wealth tax is also in play as its applied on real estate in the country, including properties owned indirectly, if their value exceeds €1.3m. In these cases, returns must be filed.

HMRC challenging media businesses for research and development tax relief

A third had a claim that was challenged before it was approved by HMRC.

Offshore asset clampdown: 48% rise in foreign tax authorities’ disclosures to HMRC about UK taxpayers since 2019 Pinsent Masons report

Financial institutions within participating jurisdictions are required to identify customers who have been recorded as tax resident in the UK with bank accounts or other financial assets held in that participating jurisdiction.

‘Fantastic opportunity’ given Bahamas in UK tax change

These are persons who, for UK tax, are treated as resident but have their permanent home in another country.

Ireland’s super rich have ‘duty’ to pay more tax, says Oxfam Ireland CEO amid calls for wealth tax

In a turn for the books, a growing number of the world’s super rich are demanding their respective governments make them pay more tax.

Ex-England, Liverpool footballer John Barnes banned as company director over non-payment of tax

Insolvency Service investigations began after his John Barnes Media Limited company went into liquidation in 2023

HMRC repaid record £198m on flexible pension withdrawals

There must be a better way of managing these withdrawals

Industry reacts as UK inheritance tax receipts reach record £7.5bn

Inheritance tax receipts could top £9.5bn before the end of the decade

Government’s threshold freeze sees IHT receipts hit record breaking £7.5bn

The lowering of the headline rate of IHT from 40% would undoubtedly be met with approval from core Tory voters.

Capital gains tax for individuals on the disposal of UK shares

The 'gain' on which CGT is charged

End of tax year surge for SIPPs with deluge of top ups

In the very last hour before the tax year end at midnight, Hargreaves Lansdown saw a SIPP top up every 20 seconds.

Blackfinch Ventures Accelerates Tech Growth with over £12m invested as Tax Year Concludes

Notably, the investments have introduced four new ventures into Blackfinch’s growing portfolio, including Kelpi who secured investment total of £1.07 million.

Sipp surge as clients rush to use allowances

Activity remained high until the very end, with a digital top up made every 20 seconds in the last hour of the tax year.

UK 'non-doms' could leave over inheritance tax proposals, lawyers say

Labour has pledged to close tax loophole for wealthy foreign residents if elected

FATCA and CRS reminders issued for 2023 reporting period

The upcoming deadlines for the 2023 reporting period include the 30 April 2024 deadline for new entity registration.

Labour Announces Crackdown On Tax Dodgers To Plug £2bn Spending Hole

They had planned to pay for it by raising money through axing the non-dom tax status.

Foreign dividends reform ‘a boost Ireland’s holding company credentials’

The proposal is to apply the exemption to “foreign dividends and other types of distributions that represent income

The Qualifying Asset Holding Company regime in practice – what have we learnt?

One critical point is that QAHCs are not available to every structure.

'The need for financial planners for non-doms is greater than ever'

Dixon pointed out financial planners will need to upskill themselves as the demand for their services from non-doms will grow.

HMRC helpline delays spur tax planning sessions with advisers

Overall, 18% said they sought support from an adviser after receiving inheritance, while the same number said it was after their investments grew substantially.