Does your international structure actually achieve what you think it does? It is a question worth asking. Many international structures have developed gradually. A company may have been established in one jurisdiction. Banking arranged separately. Professional advice obtained at another stage. Additional entities added as circumstances changed. Each component may be perfectly respectable in isolation.
For many yacht owners, the question isn’t simply which yacht to buy, but how best to own it. The right ownership structure can have a significant impact on privacy, succession, and the smooth operation of your vessel. Increasingly, we see owners turning to offshore companies, trusts, and foundations to provide that framework. Why consider a
There is much talk of what a Labour Government may decide to do should they get into power. Some of that talk centres on whether they will look to introduce a Wealth Tax. What form a Wealth Tax might take would be anyone’s guess, but a firm favourite would be a tax on property. It
As a UK resident, you’ve probably heard about the inheritance tax. It is one of the most controversial (and hated) taxes in Britain. Effectively, it is a tax on money that has already been taxed and that many people have worked hard to build up all of their lives. It is also charged at 40%
James Turner, Director at Turner Little, explores what the Autumn budget statement means for individuals when it comes to personal taxation. For many individuals, the Autumn budget Statement of 2022 delivered a blow to finances through various forms of taxation. While these will be implemented on a sliding scale up until 2024, this provides time
When it comes to the digital experience, consumers expect more from their financial services than ever before. For the most part, banking has been a people-led business, occupying brick-and-mortar cornerstones of our high streets. However, the Covid-19 pandemic has accelerated the adoption of digital banking services, namely due to less accessible physical banking channels and
Banking is often seen as a traditional industry. After all, it’s been around since the first known form of currency emerged. But banking has always innovated, and the current pace of change is at another level. The financial services industry is committed to digital innovation, redefining how banks operate and the services they offer to
Saving for a house deposit has never been harder. Young, first-time homebuyers may find themselves overcome by student debt, rising house prices and stringent mortgage requirements. As a result, family wealth is increasingly being used to help young people on the property ladder. A recent survey by property website, Zoopla, revealed that two thirds of
Wealth is increasingly becoming an intergenerational issue, and the question of how and when to pass on wealth to younger generations is becoming increasingly pressing. “It’s not always easy for our clients to discuss gifting wealth and inheritance with their family members, but passing on wealth earlier in life, and in smaller amounts could be
Businesses around the world are seeing the substantial benefits of remote working post-Covid-19. With more flexible work policies in place, and workers considering this new normal, the standard 9-to-5 workday is fast becoming a thing of the past. A common concern amongst millions of people, however, is what, if any, concessions employees can claim
