Blog16th Dec 20242024 Business Unit Year In ReviewAs we close the chapter on another year, it’s the perfect moment to reflect on the progress, milestones, and opportunities that shaped our journey. Across our business units, 2024 has been a year of collaboration, growth, and delivering value where…By James Pirrie, Ian Bremner, Lauren McCluskey, Paula Fraser, Alasdair Green, Andrew Dines, David Purse, Alan Campbell, Neil Robb, Gordon Steele and Louise McCoshView more
Blog5th Dec 2024Scottish Budget 2025/26 – What are the Key Tax TakeawaysCompared to Labour’s Autumn statement, the Scottish Budget had relatively few tax policy announcements, focusing instead on their plans to spend revenue in this financial year. The key Scottish devolved tax changes set out by the SNP were as follows:…By Lynn Gracie and Jill WalkerView more
Blog27th Nov 2024Capital Gains Tax- What’s In The Small Print?The recent budget introduced some highly anticipated changes to Capital Gains Tax (CGT). The expected alignment of Capital Gains Tax rates with Income Tax rates didn’t materialise and instead, the government opted for more modest increases in the rates. These…By Jill WalkerView more
Blog6th Nov 2024Residence regime replaces Domicile: Who will be the Winners and Losers?Some would say that Rachel Reeves simply copied the Conservative Spring budget, which included their surprise proposal to abolish Tax Domicile, whilst others would say the Conservatives copied Labour’s plans. Either way, the Autumn Statement delivered by Ms Reeves, finally…By Lynn GracieView more
Blog24th Oct 2024What Are The Tax Implications Of Being Non UK ResidentIf you’re a Non UK Resident, understanding how your residency status impacts your tax obligations is crucial. Being a non-UK resident can have significant effects on your financial responsibilities, from Income Tax “IT” to Capital Gains Tax “CGT”. Navigating these…By Lynn Gracie and Carol EdwardsView more
Blog4th Sep 2024Italy – One Of The Most Attractive Tax Destinations For The Wealthy Suddenly Got More ExpensiveLa dolce vita translates to ‘the sweet life’, and it’s far more than just a phrase in Italy, it really does represent an entire lifestyle associated with their culture and way of life. Italians have a particular appreciation of celebrating…By Lynn Gracie and Carol EdwardsView more
Blog21st Aug 2024Furnished Holiday Let: Prepare For The Changes Coming?In the March 2024 Spring Budget former Chancellor Jeremy Hunt announced plans to abolish the Furnished Holidays Lettings (“FHL”) regime from 6th April 2025. Labour is now moving these plans forward with the publication of a policy paper and draft…By Kerry McGee and Jill WalkerView more
Blog20th Aug 2024Indian and Pakistani Domiciled Individuals – Are IHT Changes Coming?Is it time for Indian and Pakistani domiciled individuals to breathe a sigh of relief? The taxation of non-domiciled individuals has been a hot topic over the last few years, and has been at the forefront of many people’s minds…By Tom Andrew and Gunhild DamView more
Webinars & EventsPost- Election Tax PlanningIn this webinar, Jill Walker, Jarlath Devlin and Tom Andrew from our Private Client team discuss the tax changes we might see under the new Labour government, and more importantly how you can start planning ahead now. Fill out the…Date: 20th Aug 2024Time: 9:30-17:00Where: VirtualView more
Blog31st Jul 2024Everything We Know From Labour About The 2025/26 Non-Dom ChangesThis week we have received the first significant update from the new government on how the regime for non-UK domiciled and internationally mobile individuals may look under their stewardship. It’s helpful then, to revisit the initial proposed non-dom changes from…By Lynn GracieView more
Blog29th Jul 2024Inheritance Tax- (IHT) Will Labour Make Changes?Following Labour’s win at the 2024 General Election, there has been speculation that changes may be made to the current Inheritance Tax (IHT) regime in order to generate more tax revenue. Labour’s plans for Inheritance Tax have not been confirmed,…By Kirsty RinglandView more
Blog23rd Jul 2024HMRC Disclosures- Prompted vs Unprompted And Why Does It MatterWhen it comes to completing Tax Returns, mistakes can and do happen. According to HMRC, this is especially the case with certain types of income, for example overseas or self-employed sources. Not just mistakes either, but a simple lack of…By Seamus McElvannaView more