Every industry has seen sharp changes over the last year and a half due to the pandemic, but the wealth sector has seen a major shift with the generational wealth transfer timeline shortening significantly.
Every industry has seen sharp changes over the last year and a half due to the pandemic, but the wealth sector has seen a major shift with the generational wealth transfer timeline shortening significantly.
Campden Wealth is delving deeper into the world’s $5.9 trillion family office space for its flagship research study and is calling for your insights in its new survey.
Campden Wealth is delving deeper into the world’s $5.9 trillion family office space for its flagship research study and is calling for your insights in its new survey.
The recent losses caused by Archegos Capital Management on Wall Street have shone what may be an unwelcome spotlight on the regulation of family offices. This has led to concerns, particularly in the United States, that new disclosure requirements may now be imposed on family offices.
The recent losses caused by Archegos Capital Management on Wall Street have shone what may be an unwelcome spotlight on the regulation of family offices. This has led to concerns, particularly in the United States, that new disclosure requirements may now be imposed on family offices.
The issue has been highlighted by the $10 billion losses caused to a number of major banks as a result of providing prime brokerage finance to Archegos to invest in the stock market.
We see both positives and negatives to President Biden's proposals. It all comes back to a family’s balance sheet, how their wealth is structured and importantly, their goals and objectives. Some moves the president is making on the tax front will of course impact a family’s tax liabilities negatively.
We see both positives and negatives to President Biden's proposals. It all comes back to a family’s balance sheet, how their wealth is structured and importantly, their goals and objectives. Some moves the president is making on the tax front will of course impact a family’s tax liabilities negatively.
The Covid-19 lockdown and quarantine restrictions are causing real practical problems for those who have terminally ill family members. What can you do if you want to visit such a relative in England, but you live abroad and are bound to follow quarantine rules if you try to visit?
The Covid-19 lockdown and quarantine restrictions are causing real practical problems for those who have terminally ill family members. What can you do if you want to visit such a relative in England, but you live abroad and are bound to follow quarantine rules if you try to visit?
The Chancellor laid out a supportive package of measures to help businesses, while having one eye on a longer-term plan to balance public finances. Despite recent speculation about changes to Inheritance Tax, Capital Gains Tax, and the introduction of a Wealth Tax, the current thresholds have been maintained for the time being.
The Chancellor laid out a supportive package of measures to help businesses, while having one eye on a longer-term plan to balance public finances. Despite recent speculation about changes to Inheritance Tax, Capital Gains Tax, and the introduction of a Wealth Tax, the current thresholds have been maintained for the time being.
The UK Chancellor, Rishi Sunak, announced his 2021 UK Budget with two significant goals: To provide support for households and businesses through the final stage of the coronavirus pandemic and to provide a roadmap for how the government plans to reduce the fiscal deficit over time and pay for pandemic support measures.
The UK Chancellor, Rishi Sunak, announced his 2021 UK Budget with two significant goals:
1. Provide support for households and businesses through the final stage of the coronavirus pandemic.
2. Provide a roadmap for how the government plans to reduce the fiscal deficit over time and pay for pandemic support measures.
Now that the Office of Tax Simplification has completed its reviews into both Capital Gains Tax and Inheritance Tax, some of the key recommendations could have a lasting impact on the way family businesses deal with succession.
Now that the Office of Tax Simplification has completed its reviews into both Capital Gains Tax and Inheritance Tax, some of the key recommendations could have a lasting impact on the way family businesses deal with succession.
Danish Povlsen family’s Bestseller in UK Asos Top Shop deal, German family-controlled Bertelsmann mulls sale of French media group M6, Google co-founder Sergey Brin joins billionaire rush for Singapore family offices.
Danish Povlsen family Bestseller in UK Asos Top Shop deal
Anders Holch Povlsen, the second-generation Danish online retail billionaire, is behind the £295 million ($403 million) acquisition for UK high street names Topshop, Topman and Miss Selfridge.
Statistics from the UK government’s tax office show the amount of Inheritance Tax (IHT) families are paying has soared from £2.9 billion ($3.9 billion) in 2011-12 to £5.2 billion ($7.1 billion) in 2019-20—this in part reflects the rise in asset values since 2008, and in particular skyrocketing property prices in London and the south-east of England.
Statistics from the UK government’s tax office show the amount of Inheritance Tax (IHT) families are paying has soared from £2.9 billion ($3.9 billion) in 2011-12 to £5.2 billion ($7.1 billion) in 2019-20—this in part reflects the rise in asset values since 2008, and in particular skyrocketing property prices in London and the south-east of England.
