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

Future looks bright as Global VC funding soars to $300.5 billion in the second biggest year for VC funding in a decade

Increase signals positive outlook according to KPMG.

New UK register will expose British expats, overseas nationals to major inheritance tax hit

A property bought for £10m in 2010 is now worth £16.7m, which would incur a potential inheritance tax (IHT) liability of £6.7m on death.

Weekly Tax Brief - 19 January 2021

Starting with corporation tax, the UK rate is currently 19 per cent.

Inheritance Tax UK: Britons urged to take ‘fundamental’ actions to eliminate a tax bill

Inheritance Tax (IHT) is generally unpopular with Britons who will have to meet the levy, however, there are certain steps to take which could help people legally avoid the tax.

Luxembourg tax authorities issue a circular on interest deduction limitation

The purpose of the LTA's administrative circular 168bis/1 (the Circular) is to clarify some of the concepts and key aspects of this piece of legislation, through numerical examples.

Slash stamp duty and council tax to level up Britain, Sunak told

If the stamp duty holiday is not extended, as many as 100,000 transactions could be at risk, the Chancellor has been warned

Second London Hedge Fund Worker Facing Extradition over Tax Scandal

Duet Group employee will try to use Brexit to stop extradition

KPMG announce new Crown Dependencies practice

KPMG in the Channel Islands and KPMG in the Isle of Man announce the merger of their businesses to form a single Crown Dependencies practice.

Will Budget tax increases become Covid-19 casualties?

Should capital gains tax rates be raised?

Carried interest in 2021: New guidance for tax on income associated with services provided to investment partnerships

Treasury made several significant changes in the rules, many of which are to the benefit of taxpayers.

Belgium adopts multiple defensive tax measures towards EU blacklisted jurisdictions

The list includes non-EU countries and territories that do not comply with certain “tax good governance standards” relating to transparency, fair taxation and implementation of the minimum standards agreed at OECD level as part of the Base Ero

Managing tax if the client moves abroad

There are several parts to the Statutory Residence Test. Broadly, in deciding the UK tax residence position for a tax year the Test involves counting days of presence in the UK, and a consideration of the connecting factors to the UK.

UK Inheritance Tax Reform: rates, reliefs and responsibility

The OTS’s report has flagged that the effective rate for very large estates (i.e. estates over £7m) is, in fact, in the region of 10% once all relevant reliefs and exemptions are properly applied.

UK Inheritance Tax Reform: lessons from Europe

As for the connecting factors based on where to charge IHT, most European countries use either the situs of the assets or the residence of the donor (and more rarely the residence of the donee) as the connecting factor to charge succession or donation tax

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