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

UK’s Richest Face Prospect of Sharp Labour Tax Hikes on Wealth

Taxes should be higher on expensive properties, he added, and on inherited assets, which it said accounted for 60% of private wealth in the UK.

The end of Business Asset Disposal Relief: the ‘UK’s worst tax break’?

The scrapping of BADR would likely have more of a disproportionate impact on owners of smaller businesses

Public sector spending on consultants hits record high despite efforts to cut

Deloitte retained its place as the public sector’s largest management consultancy provider, raking in over £344m from the state in the most recent fiscal year.

IHT receipts rise again; great wealth transfer will ‘change everything’

The latest HMRC figures reveal IHT receipts collected by the Treasury surged to £2.8bn in the last quarter (April to July).

Kwasi Kwarteng predicts ‘wealth tax’ to fund public sector spending increases by end of parliament

Kwasi Kwarteng said "they’ll have to cut spending too"

Frozen thresholds will see one in five pensioners dragged into paying higher or additional rate tax by 2028

ONS population estimates show there are 16.8 million people aged 60 and over living in the UK.

Number of people paying dividend tax doubles in three years

It is expected to boost Treasury coffers by £18bn this tax year alone, the FOI request shows.

IHT tax receipts increase again as rumours persist around changes to it at budget

This increase, ahead of first Labour’s first autumn budget, will rekindle debates about whether this tax will be increased as the government attempts to shore up public finances.

Post-merger or acquisition integration in Payments

How compliance teams can contribute to an effective integration post M&A

Firms with over 50 advisers report pre-tax loss in 2023

The data reveals 25 of the 40 firms with over 50 advisers who submitted a full year of revenue for the RMAR made a pre-tax profit.

Italy has doubled tax for foreigners — where will rich Brits move to now?

With money tighter in Milan, we look at where else wealthy homebuyers are emigrating, from Malta to Monaco

One in five HNWIs back ‘pension pot for life’, plus rise in annual allowance, ‘tax free’ lump sum

The firm’s fifth Saltus Wealth Index surveyed 2,000 people with assets of £250,000 or more and pension pots worth average of £484,000

Stamp duty implications for corporate transactions

Stamp duty applies to transfer documents transferring stock or marketable securities.

Italy doubles tax for wealthy foreigners

Premier Giorgia Meloni hopes measure will address local concerns that expats have sparked a rise in housing costs

Average landlord £11,000 worse off if capital gains tax rates aligned with income tax rates

If you make a gain after selling a property, you'll pay 18% CGT as a basic-rate taxpayer, or 24% if you pay a higher rate of tax under the current rules.

HMRC to 'hunt down' tax dodgers in crackdown with £855 million fund

Four per cent of the tax gap, equal to £1.8 billion, relates to tax avoidance, HMRC has found.

Warning as 140k pensioners to pay tax for first time

It is expected for 140,000 of these pensioners it will be the first time they have received a simple assessment

IHT receipts for April to June £83m higher than same period last year, data reveals

This increase continues the strong upward trajectory in IHT receipts over the last few years.

The U.K May Implement a New Tax That Could Cause the Ultra-Wealthy to Leave the Country

But recently installed Prime Minister Keir Starmer is thinking of doing away with the so-called non-dom system.

Inheritance tax receipts soar as frozen thresholds persist

Frozen tax thresholds, which show no sign of thawing under Labour, have failed to keep up with inflation