Related insights: Private Wealth


Reform of capital gains tax on the horizon?

07 Dec 2020
The recently published Office of Tax Simplification (OTS) report on capital gains tax (CGT) went a lot further than simply proposing an increase in CGT rates. While it's important not to read too much into the report, rumours of changes to the CGT regime have been around for some time now. CGT raises only around £8bn in tax each year - compared to £180bn from income tax – but the present government's commitment not to raise income tax, National Insurance contributions or VAT definitely puts CGT in the firing line.

Do you need to worry about capital gains tax when selling your home?

02 Dec 2020
Most people don't need to concern themselves with paying capital gains tax (CGT) when they sell their home. This is because Principal Private Residence Relief (known as PPR), which applies to the disposal of a person's only or main residence, generally means that any gain in the value of their home is fully exempt from CGT. 

Adaption and evolution of rural estates

09 Nov 2020
On Tuesday 3 November, Alexander Dickinson and Charlotte Patterson-Ryan, joined Andy Green and Venetia Hoare from C. Hoare & Co, as well as hosts Johnny Dudgeon, Emily Norton and Lucian Cook from Savills for a panel discussion on the future of Rural Estates.

Land with 'development value' - is there any hope?

30 Oct 2020
Gifts of land with hope value are often considered when looking to reduce a potential liability to inheritance tax on death. If the donor gives the land away when planning permission could be many years in the future he or she will have made a gift of relatively low value, leaving his or her chosen beneficiaries to benefit from the development upside in years to come. Such a gift will either be a potentially exempt transfer if the gift is outright to one or more individuals or a chargeable lifetime transfer if made to trustees. Either way the donor of the gift has to survive seven years for the value to be completely outside their estate for inheritance tax purposes

French succession planning

28 Oct 2020
Anybody who lives in England and owns property or other assets in France will know that there are many differences between the French and English legal systems, particularly when it comes to succession law and taxation. For many families French forced heirship rules can make it difficult to provide what they believe is a fair division of their assets on death. However, for English nationals, with careful planning it is possible to overcome the legal and language barriers and ensure that their French assets will pass on death in accordance with their wishes.

Top tips for Americans purchasing UK residential property

06 Oct 2020
The UK residential property market is currently experiencing high levels of activity as buyers look to take advantage of the temporary Stamp Duty Land Tax reduction. James Radcliffe (who specialises in tax planning for Americans living in the UK) set outs his top tips to be aware of for US citizens considering the UK housing market.

Crossing the border: wealth protection in England and Scotland

01 Sep 2020
In July, the UK Supreme Court handed down its decision in the case of Villiers v Villiers (2020 UKSC 30) which considered whether the Courts of England and Wales have the power to interfere in Scottish divorce proceedings. The case involved a couple who had lived together in Scotland.