UK hits wealthy with raids on non doms, private equity and estates

UK hits wealthy with raids on non-doms, private equity and estates

Chancellor pressed ahead with contentious changes to offshore trusts used by rich foreigners

Business - Financial Times - October 30

Closure of UK inheritance tax ‘loophole’ to penalise estates of wealthy pensioners

Experts say big tax bills could result from Rachel Reeves’ move in the Budget

Business - Financial Times - October 30

UK tax raid on private equity could raise £1bn, say researchers

Analysis of HMRC data by Centre for the Analysis of Taxation comes as industry braces for Budget changes

Business - Financial Times - October 25

Private jets, carried interest and non-doms

Plus, Harvey Schwartz leaves a troubled fintech’s board and BHP sends mixed messages about interest in buying its rival

World - Financial Times - October 31

Some UK non-doms to pay exit charges on trusts after Budget changes

Move to target wealthy foreigners comes as government makes several concessions to stem flow out of Britain

World - Financial Times - November 1

How will UK tax rises on private equity’s carried interest work?

Changes unveiled in Rachel Reeves’ Budget mean the performance fee will be treated as income from 2026

Business - Financial Times - October 31

Grant Thornton UK picks private equity over US merger

Accounting firm agrees to sell stake to buyout group Cinven

World - Financial Times - 2 days ago

Non-dom scheme replacement will turn London into ‘bigger version of Bahamas’

Wealth advisers warn UK government’s new rules will attract those seeking short-term tax holidays

World - Financial Times - November 4

Billionaire Poonawallas buy £42mn Mayfair property despite non-dom fears

Purchase of block on upmarket Grosvenor Square comes ahead of tax changes for wealthy international investors

Business - Financial Times - 3 days ago

Carried interest: private equity’s tax break

The lower-taxed performance fee has helped buyout firms’ executives amass personal fortunes

Business - Financial Times - October 27

Private equity eyes a deal with Reeves on carried interest

Labour’s agenda highlights tension between raising taxes and courting internationally mobile financiers

World - Financial Times - October 29

Why These Fast-Growing Companies Turned to Private Equity

PE firms get a bad rap. These CEOs partnered with them anyway.

Business - Inc. - November 7

Burglars steal vehicles from royal Windsor Castle estate that's home to Prince William and Kate

Burglars broke into the grounds of Britain's royal Windsor Castle in October and stole two vehicles from a barn, Thames Valley Police said.

The rehabilitation of KPMG in the UK

The years of audit failings and regulatory fines at its UK business are over, but some worry the firm is still losing ground to rivals

Business - Financial Times - 4 days ago

China’s Baidu joins Meta in race to make AI-integrated smart glasses

Launch comes as Chinese internet groups jostle for dominance in hardware

Business - Financial Times - November 13

Business and wealthy bear brunt of £40bn tax increases in UK Budget

Markets unsettled by extent of government borrowing as Rachel Reeves boosts spending

Business - Financial Times - October 30

Senators take aim at big private equity landlords as rents soar

With home and apartment rental costs soaring, four Democratic senators are calling for more scrutiny on Wall Street financiers snatching up rental homes.

Japanese lift maker Fujitec explores sale to private equity

Talks with multiple groups including Sweden’s EQT have taken place in recent months

World - Financial Times - October 30

Outgoing Manulife CEO says more scrutiny of private equity deals ‘welcome’

Roy Gori says increased oversight would be a way to reinforce confidence in the insurance industry

Business - Financial Times - 4 days ago

Unilever shelves planned sale of its ice cream business to private equity

Chief executive Hein Schumacher wants to separate division as part of turnaround plan

Business - Financial Times - 2 days ago

Private equity landlords' screening process discriminated against renters, lawsuits contend

Two large private equity-backed landlords discriminated against prospective tenants by relying on faulty screening systems, according to two lawsuits.

UK landed estates warn Budget tax changes will ‘kill off’ business

Owners of historic houses hit out at changes to inheritance tax and national insurance

Business - Financial Times - November 9

‘I know it’s awkward to give advice to wealthy people’: My wife, 50, has terminal cancer. Our estate is worth $18 million. How do we prepare?

“We have two children ages 19 and 21, with one starting law school and the younger planning on medical school.”

Business - MarketWatch - November 7

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