Personal Perspectives - July 2016

Personal Perspectives - July 2016

KPMG’s Private Client magazine for wealthy individuals, family offices and entrepreneurs.

Partner and UK Head of Private Client

KPMG in the UK

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Welcome to the July 2016 edition of Personal Perspectives which was written before the EU referendum with the theme of ‘take action’.

The surprise Brexit result has made us stop and think again about the content in this edition and realise that all the areas covered remain very topical and in fact, the message of ‘take action’ is more relevant than ever in these uncertain times.

We hope you enjoy this latest edition of Personal Perspectives and the focus this time on taking action. As always, if you have any comments or feedback please do get in touch.

You can read each article by clicking below, view the ebook here or view the PDF here.

Taking action, with perspective

Danny Wyler, Chairman of ACPI Investments Group which provides wealth management services to families, talks about his varied professional career which began with his family’s grain trading company and highlights why we all can benefit from an interest in the performing arts.

 

Family business, the challenge of change

Planning for future ownership and succession is one of the most pressing concerns for every business family. So what type of help is effective?

 

Personal taxes, what's the plan?

Given the uncertainty, individuals are choosing options that meet their overall commercial and family objectives whilst maintaining flexibility.

 

ER: Does your shareholding meet the 5% test?

You think you should benefit from Entrepreneurs’ Relief when you sell your business — but beware — the ‘5% test’ condition is catching people out.

 

New CGT incentive for certain long term investors

A new tax relief for investors in private companies can secure a 10% tax rate on qualifying capital gains.

 

Are you dwelling on your UK property investment?

Investors are reconsidering both the nature of their investment and the suitability of holding structures

 

I'm a UK resident non-dom, what should I do now?

I am about to pay UK tax on worldwide income and gains for the first time — and my UK residential property might be newly exposed to IHT both during my life time and when I die — what should I do now?

 

Could transparency changes impact me?

Recent developments reinforce the need for anyone owning offshore assets to take sensible precautionary measures in advance of anticipated HMRC activity.

 

On the horizon

A snapshot of developments on some of the more significant areas of change relevant to Private Clients.

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