Ben Stupples

1 week ago | news.bloombergtax.com | Philip Aldrick |Joe Mayes |Ben Stupples

One of the architects of the UK Labour government’s flagship crackdown on the wealthy said it was a “mistake” to expose non-doms to an immediate 40% inheritance tax on their overseas assets. Arun Advani, director of the independentCentre for the Analysis of Taxation, told Bloomberg News he had recommended staggering the introduction of IHT on the super-rich who live in Britain but are not resident for tax purposes. A gradual approach would have stopped many of them leaving the country, he said.

1 week ago | wealthmanagement.com | Silla Brush |Ben Stupples

(Bloomberg) -- Family offices want more of the private credit boom. More than half of 175 family offices around the world are optimistic about private credit and almost one-third said they intend to increase allocations to the asset this year, the most of any type of alternative investment, according to a survey released Tuesday by BlackRock Inc. The super-wealthy also are increasingly bullish about infrastructure investing, with 30% saying they plan to commit more of their money to the market.

1 week ago | bloomberg.com | Philip Aldrick |Joe Mayes |Ben Stupples

(Bloomberg) -- One of the architects of the UK Labour government’s flagship crackdown on the wealthy said it was a “mistake” to expose non-doms to an immediate 40% inheritance tax on their overseas assets. Arun Advani, director of the independent Centre for the Analysis of Taxation, told Bloomberg News he had recommended staggering the introduction of IHT on the super-rich who live in Britain but are not resident for tax purposes.

1 week ago | news.bloomberglaw.com | Ben Stupples |Leonard Kehnscherper |Joe Mayes

The debate over the UK’s “non-dom” status has taken center stage yet again. The decision by Chancellor of the Exchequer Rachel Reeves to end a two-century old tax break for wealthy foreigners has triggered the exit of many well-heeled residents from the country. What started as a trickle of departures risks turning into an exodus as rich individuals grapple with a raft of other changes hitting their finances — from higher taxes on private equity investments to levies on private school fees.

1 week ago | bloomberg.com | Ben Stupples |Leonard Kehnscherper |Joe Mayes

London’s financial district(Bloomberg) -- The debate over the UK’s “non-dom” status has taken center stage yet again. The decision by Chancellor of the Exchequer Rachel Reeves to end a two-century old tax break for wealthy foreigners has triggered the exit of many well-heeled residents from the country.