Saffery Champness Partner Tim Gregory was quoted in Today’s Financial Times, commenting on the tax case of businessman Robert Gains-Cooper, whose dispute with HM Revenue & Customs centred on the issue of whether he had truly ‘lost’ his UK domicile.
Ronnie Ludwig of Saffery Champness has written an article for the BBC on some ways in which individuals and their families may be able to make the best of the economic downturn through tax allowances, reliefs and succession planning.
The full article appears on the ‘Money Talk’ section of the BBC’s website.
In this Podcast recorded with Keith Aitkin, a freelance broadcaster, writer and author, Ronnie Ludwig of Saffery Champness discusses some of the practical steps that people can take to minimise their tax bills in the face of the credit crunch.
Among the topics covered by Ronnie and Keith are the reliefs available to people using corporate and partnership structures, loss relief in the buy-to-let market, and topping up your pension in the midst of the economic period.
In today’s Scotsman newspaper, Ronnie Ludwig, a Partner in the Private Wealth Group at Saffery Champness, writes on the subject of divorce and potential solutions to mitigate the impact of capital gains tax on assets in such cases, particularly the family home.
In today’s Financial Times, Tim Gregory, a member of the Private Wealth Group at Saffery Champness answered a Reader’s Question on the subject of protecting the family home from Inheritance Tax.
There is only a month left before the 30th September self-assessment tax deadline. Self-assessment taxpayers who want HMRC to calculate their tax liability due for the 2007/2008 tax year must submit their returns by this date.
The 2008 Finance Bill received Royal Assent on 21 July, passing into law as the Finance Act 2008. It confirms the new UK tax regime for UK resident individuals who are not domiciled or in some circumstances, not ordinarily resident in the UK – and spells significant changes from the prior regime. View full details in our latest Tax e-Briefing.
These are difficult times for businesses and investors and many people are struggling to find cash to inject into their pension schemes. Fortunately for those who own their own businesses, the situation may not be as bleak as it seems thanks to some help from HM Revenue & Customs. (more…)
The UK has long been a very attractive location for International employees and/or individuals looking for a base in Europe – this is due to the fact that we have a ‘remittance basis’ of assessment for non UK nationals who are resident in the UK. While this remains in place, recent changes have given rise to potential pitfalls that may catch the unwary… (more…)
It is now well known that significant changes for non UK domiciliaries will become effective for the 2008/09 UK tax year, which could substantially affect tax payments due by 31 January 2010. That seems a long way off, but for many the time for decisions that will impact on that tax payment is now. (more…)