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Factors to Consider When Comparing Offshore Banks

It is without a doubt that banking offshore can be beneficial for certain individuals. It can provide access to foreign currencies or financial products not available in the UK, along with more privacy and the potential to be more tax efficient. But managing an offshore account can also be complicated, with varying factors determining which

Inheritance Tax: How Can I Reduce It?

The uproar over increasing national insurance contributions and rocketing property prices has led to a return of wealth taxation issues rising higher up on the political agenda. One of the most well-known of these is inheritance tax. Inheritance Tax (IHT) is defined as a government levy on the estate (property, money or possessions) of someone

WORKING FROM HOME: WHAT DOES IT MEAN FOR YOUR TAXES?

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

HOW CHINESE CITIZENS CAN STILL LEVERAGE THE BENEFITS OF CRYPTO

One of the world’s largest cryptocurrency markets, China, has ruled that transactions of cryptocurrencies are illegal, banning all digital tokens such as Bitcoin and other major coins. According to a notice published on The People’s Bank of China’s website, it means crypto-related transactions will be considered illicit financial activities. While it may be illegal for

WHY SWITZERLAND IS STILL THE WORLD’S LARGEST HUB FOR WEALTH MANAGEMENT

Famed for its political neutrality, Switzerland is the world’s largest wealth management centre for international assets, according to Deloitte Wealth Management Centre Ranking. The ranking analysed global wealth management centres by size, performance, and competitiveness, placing Switzerland ahead of many thriving wealth management hubs, including the UK, USA, and Singapore.  So, what makes Switzerland the

SINGAPORE AS AN OFFSHORE WEALTH MANAGEMENT HUB

Singapore is one of the world’s leading offshore wealth management hubs, with the fastest-growing population of high-net-worth individuals who are further strengthening the city-states wealth. The Singaporean government has done much to boost brand ‘Singapore’, cementing its world-renowned reputation and offering tax-incentive schemes to families and businesses from across the globe. The city-state also offers

Turner Little and its affiliates do not provide tax, legal or accounting advice. Material on this page has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.