Eprivateclient

KPMG UK/Swiss Group has appointed Vicki Heard as group managing partner. She will succeed Chris Hearld, who is set to retire after 34 years with the firm. At the same time, Alan Turner will succeed Ms Heard as group head of tax and legal services. He currently serves as chief operating officer for tax and legal services. Ms Heard joined KPMG UK in 2001 and has more than 25 years' experience in corporate tax. She has led the firm's tax and ...

The FCA has decided to ban three former senior figures at Dolfin Financial (UK) Limited (Dolfin) after finding they ran a scheme that helped clients bypass UK visa rules. Former chief executive Denisz Nagy has been fined £324,800 and former finance director Sanjay Maraj £122,000 for their roles in the scheme. Both have been banned from working in financial services. The FCA has also decided to ban Dolfin co-founder, Roman ...

HM Revenue and Customs (HMRC) has published a second technical note setting out how the inheritance tax (IHT) reforms affecting pensions will operate from April 2027. Under the reforms, most unused pension funds and pension death benefits will be brought within the value of a deceased person’s estate for IHT purposes. The latest note covers the treatment of unused pension funds and death benefits, information sharing requirements, withholding...

Elise Donovan, CEO, BVI Finance Imagine you are advising a family whose wealth is spread across the globe. Business operations in one country, property and investments in several others, family members living and studying on different continents. It is a fairly common assumption for a family of this kind that the arrangement and jurisdictions holding their wealth would remain stable. Then one region they are exposed to doesn't. Suddenly the questions roll in.

New research has revealed that homes surrounding some of Prime London's most prestigious garden squares continue to command huge values even in cooler market conditions, with buyers paying property premiums as high as 175 percent compared to the wider borough. Wilton Crescent Garden, located on the border of Westminster and Kensington and Chelsea, tops the table for current values, with the average sold price of homes surrounding it sitting at an inc...

Among UK cryptoasset investors, 240 made profits of more than £1 million in the most recent tax year, new data from HMRC has revealed. In the tax year ended 5 April 2025, private investors made £1.4 billion in capital gains from cryptoassets, according to HMRC data. A total of 17,600 individuals reported profits from their cryptoasset investments to HMRC in the most recent year. Phil Kinzett-Evans, a tax partner at accountancy firm UHY...

Germany has tightened its rules on third-party ownership of tax advisory firms, closing a route that had allowed financial investors to acquire indirect interests through multi-tier structures involving EU audit firms. The amendments to the German Tax Advisory Act (Steuerberatungsgesetz) took effect last month. Under the revised section 55a, entities holding direct or indirect interests in a German tax advisory firm must meet specified professional ow...

The UK government should not impose capital gains tax (CGT) on investors who make less than £10,000 a year, according to accountancy firm Lubbock Fine. UK taxpayers who made less than £10,000 in gains from selling assets paid 0.4 percent - or £82 million out of £22.5 billion - of the total CGT collected last year, recent HMRC data has revealed. The small amount of tax paid by those making less than £10,000 in capital gains comes despite them accounting for 21 ...

India is entering one of the most significant wealth transitions in its history, with an estimated INR 73 trillion (US$763bn) expected to transfer into the hands of women over the next decade, a new report from Barclays Private Bank revealed. The transition is creating a new generation of owners, investors and decision-makers.

Proposals to extend the two percent national insurance (NI) surcharge to pensioners highlight the growing pressure on governments to find new sources of tax revenue as the population ages, according to a new report from Wealth Club. The two percent NI surcharge is currently paid by employees on earnings above the upper earnings limit of £50,270, although employees above state pension age are currently exempt from NI. The proposals, ...