Month: July 2015
The Summer budget changes are a game changer for UK nom-doms
Elizabeth Henson, partner at PwC, says non-doms who face tax rises as a result of the changes have a simple choice: get their affairs in order for the new regime or prepare to leave
read moreThe proposed reduction in corporation tax will do much to make the UK a ‘favoured destination’ for corporations
Geoff Melamet, founder and a CEO of HMSA, says government should work with the industry to make it attractive as a home for trusts not only for residents but also for non-residents.
read moreThe Government sees the resident, non-domiciled community as a politically easy target
Tom Elliott, private clients partner at Crowe Clark Whitehill, says the proposals to bring all UK residential property into the scope of Inheritance Tax will create problems for foreign investors.
read moreLondon has few competitors as a financial and lifestyle hub
Dominic Tremlett, head of UK private banking for Lombard Odier, says greater tax harmonisation with other countries and long-term horizons from policymakers would be useful from the Government.
read moreKeep the City of London strong by resisting politically driven banking changes
Simon Duggan, managing director at Knox House Trust Limited, The 2015 Summer Budget was a triumph of politics over economic substance
read moreIf I ruled the wealth industry, I would start by hiring a better publicist
Louise Stoten, senior partner at New Quadrant Partners, thinks most people will consider the Budget to be fairly balanced.
read moreFor UK nom-doms, Osbourne’s Budget contained some really bad news
Terry Jordan TEP, senior advisor private client tax at BKLTax, says that with changing rules for the nom-doms, many UHNW clients might consider to leave the UK.
read morePatek Philippe’s gold watch sold for a record price of $24.4 million
Tim Bourne, Worldwide Head of Watches at Sotheby’s, Patek Philippe or Roger Dubuis are a good investment.
read moreInterview with Beatrice Puoti, Partner at Burges Salmon
Beatrice Puoti, partner at Burges Salmon LLP, is ranked as one of the UK legal community’s best lawyers, and has won the Lawyer of the Year award at the 2015 Citywealth Magic Circle Awards.
read moreWealthy individuals buy watches with strong brands
Joseph Banin, Director at Frost of London, also says that unique ability of a boutique to customize pieces is something that wealthy clients are after.
read moreCurrency fluctuations are a problem for the watch companies
Vartkess Knadjian, CEO at Backes & Strauss, says that as the Swiss Franc gets stronger against other currencies, the watch-making companies either absorb the differences or try and pass the increase to their clients.
read moreUHNWis queue to move to Monaco
Claire Coe Smith investigates Monaco’s tight real estate market and finds out why so many UHNWi are willing to move to the principality despite the lack of residential properties
read moreHigh value cases settle for £1-2 million
Stuart Kightley, partner at Osbornes, talks about his high-profile cases.
read moreThe Northern Powerhouse sees wealth work on the up
North West has significantly raised its profile in the last few years and the region is attracting more work from high-net worth individuals
read moreIsle of Man: Government-backed wealth management march
The close working relationship between the private sector and government has been a factor in the Isle of Man’s success.
read moreThe more money involved the harder the insurance companies will fight
Terry Donovan, partner at Kingsley Napley, also says if your wealth is made up of investments, and does not depend upon you physically working, there might be no financial loss arising from your injury.
read moreA recent award of £23 million over a lifetime is a new UK damages record
Paul Paxton, partner and head of the Personal Injury Department at Stewarts law, also says that with a serious disability comes a much higher risk of matrimonial break-up.
read moreThe largest claims often involve children
Philippa Luscombe, partner at Penningtons Manches, also says the local family solicitors or the large personal injury organisations may not be the best placed to deal with claims for HNW
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