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Was on holiday last week and see I missed some of the excitement. Labour have suggested they would limit the transitional benefits and also stop grandfathering of Excluded Property Trusts for IHT. No word on the Foreign Income and Gains Regime so we might expect that whatever the outcome of the General Election. We've looked at this 'FIG' regime in our latest non-dom article...https://lnkd.in/ecz4PRGz
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Sean co*ckburn
Director at Mazars UK
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Non-doms will be considering their circ*mstances following the 2024 Spring Budget - however, with limited details and much debate on the proposals, we know the direction of travel but not how we will get there or what the landscape will ultimately look like. Our latest article looks at how the changes are likely to affect offshore trustees and the options they might want to explore...
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Sean co*ckburn
Director at Mazars UK
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Interesting Budget and interesting times for non-doms in the UK. Some transitional provisions will help but times are changing and there'll be a lot of planning over the next year. Sign up for our webinar at 2pm (UK time) tomorrow as we unpick some of the detail and look at the other key announcements.Ian Goodwin Pujah Joshi Andrew Westhead Liz Ritchie#springbudget #mazars
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Sean co*ckburn
Director at Mazars UK
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Great to see Paul Barham speaking to private client issues at the GM session at the Praxity Alliance NA Conference with Toni Rahilly, Alexander Rasink & Kasia Borowicz.Mazars in the UK
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Sean co*ckburn
Director at Mazars UK
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Budget on Wednesday - will it be as exciting as the last couple..?
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Sean co*ckburn
Director at Mazars UK
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Oliver Benbow is #hiring. Know anyone who might be interested?
Private Client Tax Senior Manager/Director Mazars in the UK, Glasgow, Scotland, United Kingdom11
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Sean co*ckburn
Director at Mazars UK
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Yes it has been quite an interesting afternoon in the capital. If anyone would like to join our Budget webinar tomorrow @10am we will be discussing the announcements in more detail - https://lnkd.in/ezteWnaN
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Sean co*ckburn
Director at Mazars UK
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This is the kind of stability we need!
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Sean co*ckburn
Director at Mazars UK
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Invariably the highlight of the day but our tax webinar tomorrow morning promises to be a real cracker! Join us at 10am...https://lnkd.in/eb-t6GAq
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Sean co*ckburn
Director at Mazars UK
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Brief note on property matters from the #minibudget - The stamp duty land tax (SDLT) cuts announced will spur on property transactions and that’s exactly what the treasury will be hoping for. Firing up demand and pumping in investment, the tax cut adds an extra sense of freedom for buyers and sellers across the market. Property has been made even more accessible for first-time buyers, with the thresholds up on all fronts.Downsizers are also likely to benefit from a buoyant housing market, which means decisions on transferring wealth from property through generations may become easier to consider. This has the potential to make property an even more important consideration for family wealth. SDLT does not apply in Scotland or Wales, it will be interesting to see if the Scottish and Welsh Governments make any corresponding changes to their respective taxes.Mazars in the UK
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