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

IFS: scrapping inheritance tax hands £1mn to richest 1%

While the more than 90 per cent of estates not paying inheritance tax would not be directly affected by such reform.

Italy waters down its bank tax

The widely criticized tax sent Italian bank stocks plummeting last month.

Italy tweaks bank tax to give lenders option to boost reserves

Last month, Rome dealt a surprise blow to its lenders by imposing a one-off 40% tax on income derived from higher interest rates

IHT receipts show fresh year-on-year rise

This is likely to be the result of allowances* being frozen until at least 2028 combined with inflationary growth of asset values.

600 trainees join BDO across the UK

The trainees will work across its audit, tax and advisory – with a combination of school leavers and university graduates arriving in the roles.

Dozens of rich Norwegians worth billions have relocated to Switzerland to escape higher taxes

Wealthy Norwegians are fleeing the country following a wealth tax increase last year.

Saffery Champness rebrands as Saffery

Our new brand epitomises this combination of deep-rooted values and commitment, but also expresses the modern, bold, partner-led firm that we are.

Former The Fry Group financial planner sets up UK firm

To help clients make ‘wise investment decisions and minimise tax liabilities’

Quilter Cheviot launches tax-efficient short-term bond strategy for discretionary clients

The discretionary strategy is tailored for tax efficiency and therefore is relatively more attractive for higher or additional rate taxpayers.

Tax-effective investment advice demand set to ‘surge’

This comes despite 98 per cent of advisers saying they believe tax efficiency on capital investments is important to clients and 96 per cent of clients stating the same.

Labour rules out wealth tax if it wins next election

Shadow chancellor Rachel Reeves said she would not target expensive properties or assets through a wealth levy.

Demand for tax-efficient investment advice likely to 'surge'

Presenting a ‘major’ opportunity for advisers

IHT penalties increase by 34% in a year

HMRC ‘don’t hold back where they suspect inheritance tax has been underpaid’

Slash taxes in Scotland to attract ‘the next Google’, Humza Yousaf told

Sir Tom Hunter calls on SNP to prioritise high-growth sectors with 15pc corporation tax

Bereaved families pay record inheritance tax due to threshold freeze

The total inheritance tax take for tax year 2021-22 was £6.1bn, meaning this year’s take is well on course to break new records and could get close to £8bn.

The wealthy ‘golden visa’ British expats oblivious to the inheritance tax threat

Those moving abroad must cut almost all ties with Britain to avoid a hefty death duty bill

IHT receipt rise puts HMRC on track for record year

The data additionally revealed that receipts in June were the highest monthly total on record

Tax cut hopes raised as UK borrows less than expected in July

£4.3bn last month

HMRC paid out over £500,000 to tax fraud whistleblowers – but lawyers say rewards should be higher

HMRC has paid out over £509,000 to individuals providing evidence about tax fraud during the course of the last financial year, up from £495,000 the previous year.

Nearly 50% of Brits haven’t spoken to advisers about inheritance tax

With 60% not knowing how much money they could leave their loved ones before IHT is incurred