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

UK wealth taxes in spotlight amid Labour election talk of CGT rise

Labour party is finalising its manifesto as shadow ministers are rumoured to be calling for capital gains tax rise

Saffery shortlisted for the 2024 eprivateclient Excellence Awards

The awards are devoted to recognising the outstanding achievements of leading firms across the private client professions in the UK.

Perception vs reality

The challenges ahead for family businesses

Five years of shared efforts to advance tax transparency bring concrete benefits for Latin American countries

The Tax Transparency in Latin America report is a key output of the Punta del Este Declaration

No deal on global billionaire’s tax, says Yellen

The treasury secretary says proposed annual wealth tax on the ultra-affluent, currently tabled among G7 and G20 countries, won’t get US support.

Inheritance tax drags in 7.2% more from estates as IMF suggests raising death duties

HM Revenue and Customs figures today revealed that Inheritance Tax receipts for April 2024 were £700million, which is £85million or 7.2 per cent higher than the same month last year.

What does a 4 July election mean for non-doms as the UK faces economic challenges?

Tax cuts are set to be central to Conservative pledge

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.