In this video, Mark Rushton, CIO at Walker Crips discusses some of the sectors that could benefit from the changes announced, in particular, the amendments to stamp duty. He then discusses how the group is positioned looking into 2015.
On the tax side of things, however, things were a little less clear cut, especially for people considering the use of offshore trusts, where the expected introduction of a single settlement nil rate band on multiple trusts did not happen, although the Government did say it still plans to address the use of multiple trusts to avoid inheritance tax.
In this video, Old Mutual Wealth technical marketing manager, Rachael Griffin, explains what this means and also looks at QROPS and whether they remain a valid solution for clients in the “new pension world”.
While there were many winners this week, non-doms buying UK residential properties through trusts will soon feel the pinch, with an increase to the annual tax on enveloped dwellings. In this video, Neil Jones, technical manager, Canada Life International explains what has changed and how it could impact your clients.
