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

IHT receipts hit £3.5bn as rumours of tax changes build ahead of October budget

The latest figures from HMRC reveal that inheritance tax (IHT) receipts climbed to £3.5 billion in April

Britain's ultra-wealthy are threatening to exit en masse ahead of proposed tax changes

They're just a few of the destinations trying to lure away the U.K.'s uber wealthy ahead of proposed changes to the country's divisive non-dom tax regime.

Advisers consider alternatives to GIAs amid major tax changes

The poll also showed that 91% of advisers have recommended single premium bonds

The Bank of London bags £42m funding round after reportedly being hit with HMRC winding-up petition

The bank says it surpassed £500 million in customer deposits in August this year and has now over 4,500 clients of its clearing and commercial banking services.

Investors pounce on start-up incentive scheme amid fears of Labour tax rises

Investors using the SEIS get up to 50 per cent income tax relief and 50 per cent capital gains tax relief, while any gains are also tax free.

UK tax changes could drive wealthy executives overseas, says CVC

Lucas, who has shares in CVC worth about $640 million according to LSEG data, said that he was not concerned about the prospect of staff moving due to any tax changes

Thousands of households told to expect letters over 'data HMRC has on you'

HMRC is targeting households as part of a crackdown

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.