Tax system explained in beer
I was just sent the following in an email.
I'm posting it since it's amusing and with no reflection of whether or not I think it is accurate. For one thing, if I have a hard time imagining the pub...
Sector
Wealth Management
HMRC like to promote the idea that tax planning is no longer possible. Despite what they may say, it is still perfectly legal to arrange your affairs in the UK so that you pay less tax. You deserve to educate yourself about the opportunities which may be available to you.
Our Wealth Management team offers a holistic, one-stop-shop for the management of your assets. We can advise you on reducing your tax exposure which might involve advising on issues of residence and domicile, onshore and offshore tax planning and succession planning (including tax efficient wills). For higher rate (50%) tax payers or people disposing of substantial investment or business assets we can advise on how to best to organise your money.
We also help you protect your assets from the uncertainties in life; for example through the use of trusts, cohabitation agreements and pre-nuptial agreements.
Our property tax specialists, working alongside our residential property team can guide you to the best structure for buying and selling your home or investment properties.
Key team contacts
Iain Donaldson 01923 215048
iain.donaldson@mablaw.com
James Odds 01923 215038
james.odds@mablaw.com
Latest news and views about Wealth Management
RSSAnnual and lifetime pensions allowances to be reduced
On 14 October 2010, HM Treasury published a summary of the responses that were made to its discussion paper on restricting pensions tax relief. I outlined the discussion paper’s proposals back in August.
As...
Prenuptial Agreements – now binding
The Supreme Court has today ruled on the Appeal by Mr Granatino against the Court of Appeal’s decision to substantially bind him to a Prenuptial Agreement prepared prior to his marriage to Katrin Radmacher.
The...
Radmacher v Granatino – a damp squib?
Well, today's the day - the Supreme Court gave us their long-awaited, some would say much overdue, views on Mr & Mrs Granatino's pre-nuptial agreement and its effect on the financial orders to be made...
The cost of being a grandparent rises to £120,000
Research carried out by NSM Research on behalf of Yours magazine has concluded that the average cost of being a grandparent (over the first 18 years of their grandchild’s life) is £50,252. If the...
October tax return deadline looms
Anyone sending in their 2009/10 Self Assessment return on paper has just a few days left to file their return by the 31 October paper-filing deadline.
If you miss the deadline it could be costly, as...
Changes to Pensions
As we have reported previously the Government have been looking at restricting Pensions relief for some time now.
The Treasury have just now issused the following press release, which we will consider...
Legal Services Consumer Panel asks for views on the will-writing industry
The Legal Services Consumer Panel has recently published a document asking for members of the public, lawyers and interested organisations to give their opinions on the will-writing industry and to provide...
EU consultation on cross-border IHT extended
Back in early July, I wrote about the European Commission’s consultation on possible approaches to tackling cross-border inheritance tax obstacles within the EU.
This consultation, which was due...
HMRC investigates HSBC account holders suspected of tax evasion
As was reported in the Sunday Telegraph, HMRC has written to more than 200 HSBC account holders who are believed to have failed to declare huge sums of interest from private deposit accounts held with...
