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Personal tax planning

18 May 2016

Domicile in the Modern Family

In the Oxford Dictionary, ‘domicile’ is defined as “the country that a person treats as their permanent home, or lives in and has a substantial connection with”. However, the law in this area is far from straightforward, and as our customs and values change at an ever increasing pace within modern society, the question is to what extent the law is able to keep up.

Katie Allard

13 May 2016

Foreign companies to be required to declare their owners when buying property in the UK

Press reports of this week’s Anti-Corruption Summit, hosted by David Cameron, coincided  with the story of actress Emma Watson allegedly buying a UK property through a BVI company. While investment in UK property through offshore companies is perceived as a principal means by which corrupt individuals seek to launder dirty money, Mr Cameron accepts that there are many legitimate reasons for corporate property investment. 

17 March 2016

Budget 2016 at a glance

George Osborne delivered his eighth Budget as Chancellor yesterday. 

Below are some of the key announcements affecting individuals.

Katie Allard

16 March 2016

Wills, gifts and inheritance tax planning for Attorneys and Deputies

The ability to make a Will and make gifts to loved ones is something most of us take for granted. One of the most common reasons for doing these things is to reduce the Inheritance Tax (IHT) payable on our death.

4 March 2016

Getting divorced - what the non-dom changes mean for you

In the 2015 Budget, George Osborne announced that, from 6 April 2017, certain new categories of non-UK-domiciled individuals will be deemed to be UK-domiciled for tax purposes. This will result in the loss of a significant tax planning opportunity for some couples who have non UK assets; are separating or contemplating divorce; and wish to make an offshore transfer between each other in a tax efficient fashion after the new rules take effect.

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