Grow Protect Share: Budget 2018 special
Some of the announcements were predictable and others less so. We explore a couple of areas which will be of particular interest to our Private Wealth clients and their advisers.
Hilesh Chavda discusses the confirmed proposals to introduce a 1% SDLT levy on UK residential property bought by foreign buyers. This is yet another change to the taxation to residential property. Given all the changes and increased costs of purchasing and holding residential property in recent years, investors should seek expert advice when purchasing new properties as well as seeking advice on their current property structures.
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Laura Kearns outlines the proposed changes to Principal Private Residence Relief introduced in Monday’s Budget and considers how these will affect landlords and owners of multiple properties. It is clear that these changes are a continuation of the government’s desire to restrict tax reliefs for non owner-occupiers.
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Life Safe®
Life Safe is a sophisticated legacy management portal which offers people a secure space to store their legal documents and to help them manage their assets. The portal consolidates important personal and business documents in one place where they can be accessed immediately when needed. Life Safe allows for alerts and reminders to be set up and can include a wealth overview to help clients manage their finances.