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

Old Mutual Wealth calls on Hammond to raise IHT limit

That means it would be worth over £10,000 had it tracked inflation.

Report of the Public Accounts Committee on taxing high net worth individuals

The Report provides details of various measures intended to assist HMRC in the collection of tax.

Andersen Tax & Legal Debuts in Spain

Andersen Tax & Legal in Spain joins several other Andersen Global member firms in the U.S. and Latin America

Top tax official not sure of losses with €10bn transfers offshore

The files containing the information provided by banks to its central computer system.

With Elections Looming, Dutch Lawmakers Catch Tax Fever

Combating tax avoidance and evasion has never been higher on the electoral agenda of Dutch political parties.

UK Inheritance Tax Deadline Looms For "De-Enveloping" Your BVI Company

As a result, British Virgin Islands companies holding UK residential property owned by non-domiciled individuals should note the following

Top tax official 'not sure' of losses with €10bn transfers offshore

This was, he added, not least because "the question is more complex than has been reported" because the period during which there would be a liability for tax has not yet passed.

HMRC denies in-specie tax relief to 34 Sipp providers

It is frustrating that HMRC seems to be keeping everyone in the dark over this challenge.

HMRC rejects film industry tax avoidance criticism

HM Revenue & Customs has rejected criticism over how it has handled the exploitation of tax breaks for the film industry, which Treasury chairman Andrew Tyrie claims has been “financially calamitous” for some investors.

Revenue recovered from tax evasion rises to record high in 2016

The fight against tax evasion allowed authorities to collect €14.9 billion.

UK: Planning Points For Offshore Companies Resulting From Recent UK Tax Developments

More recently, the UK has added another capital gains tax regime applicable to non-residents of the UK who own UK residential property

Domicile, Tax And Trusts – Reforms Afoot

The concept of deemed domicile is being extended to all UK taxes, including income tax and capital gains tax.

Worried about Revenue clampdown on offshore assets

There also hasn’t been any trading in the foreign currency which might give rise to capital gains.

EU gives Spain two months to scrap ‘unfair’ expat fines

The tax affects Spain’s sizeable expat population with the country’s finance ministry announcing that there could be approximately 2 million foreign taxpayers with assets overseas who have not submitted a Modelo 720 since 2012.

French judges begin hearing giant tax case

The so-called France Offshore Affair has been in the headlines for years.

One last chance to take advantage of offshore trusts? - Harneys

Once deemed domiciled, their worldwide assets will be subject to UK inheritance tax.

CJEU rules VAT deduction limit applies to businesses that hold participations

The CJEU has ordered that MVM should not be able to recover this VAT as input tax.

Tax authorities release CbC reporting form

The CbC report has not already been filed with a tax authority that would automatically share the report with the French tax authorities.

Tax reform law includes withholding tax rate reduction and new limits on deductibility of royalty payments

The law also makes changes to the transfer pricing rules.

Are Kirklees Council's private bank debts costing taxpayers dear?

Local authority owed £429.3 million last March