In the UK, wealthy individuals and their families have experienced many changes in legislation and taxation in recent years. With continued economic uncertainty and a new Labour government, we have considered the current risks and opportunities which may arise from these known and potential changes.
In our document Where next? Emerging opportunities, changes and risks for individuals and families, you will find out the potential impact of:
- Wider changes, focusing on incentives for investment in companies, economic fluctuations and the new Labour government,
- Commercial and ad hoc changes, such as Council Tax revaluation, land value capture and Business Rates changes,
- Inheritance tax changes, focusing on BPR, pension tax reliefs and the potential for a wealth tax, and
- Changes to capital gains tax rates.