Financial Services & Tax

Articles

12 Dec 2011

World's biggest litigation funder buys Firstassist for £10m

Burford Capital, which describes itself as the 'world's largest dispute financier', has today announced the purchase of Firstassist Legal Expenses Insurance, a leading ATE specialist, for £10m. The acquisition is subject to FSA approval.

12 Dec 2011

Common ground

Issues of cross-border capacity would be made simpler if England and Wales were to ratify Convention XXXV, says Richard Frimston

5 Dec 2011

Tax returns: Ana Wisdell considers an HMRC investigation of a UK resident with a Swiss bank account

My client is a non-UK domicile and has been a resident and ordinarily resident in the UK for five years, while completing and submitting his tax returns claiming the remittance basis of taxation. His family have a significant international business empire, of which he is a shareholder. These holdings were settled into an offshore trust before coming to the UK. Also, a substantial capital appointment was made from the foundation settled by his grandfather, the monies being placed in a bank account with HSBC, Switzerland. The interest on the capital was accumulated in a separate bank account and capitalised each April up until 2008; since then the interest has been accruing in a segregated account.

1 Dec 2011

From HMRC with love

James Badcock considers the implications of the recent UK/Swiss tax agreement

29 Nov 2011

Getting the message

HMRC needs to resolve the issue of tax residency or it risks inhibiting the UK's financial activity for years to come

23 Nov 2011

Traveller's checks

The increasingly international nature of private wealth poses more challenges for practitioners, say Saleem Sheikh and James Cohen

20 Nov 2011

Staying the course

Increasingly innovative planning solutions are required ?to help high-net-worth individuals mitigate tax. ?Rhona MacKinnon negotiates the obstacles

1 Nov 2011

Paradise lost

High-net-worth individuals seeking solace from the Gaines-Cooper ruling will be tempted to look at the forthcoming new statutory residence test, but even that will impose strict conditions on tax exiles, say David Anderson and Andinee Pillay Jagambrun