Selling a business is a major decision that requires careful planning, as it could involve significant financial implications for the seller.In this episode, Leonora and Mike are joined by Jenny Serridge, a director in our corporate finance team, and Adam Kay, a partner in our transactions tax department. If you're thinking about selling your business, the team provide insights on the entire sale process from both the corporate perspective and the personal tax side, including:The importance o...

The summer months mark peak wedding season, yet amid the festivities, there are important tax considerations to keep in mind.In this episode, Leonora Stevens and Mike Hodges delve into the key tax points associated with weddings and civil partnerships, including:•Gifting rules and how they apply to wedding gifts,•The tax implications for individuals getting married, and•The various tax benefits of tying the knot.

Could incorporating your residential property portfolio save you thousands in taxes? Join us for an eye-opening discussion as Leonora Stephens from Bristol and Mike Hodges from Manchester delve into the ins and outs of property incorporation. We tackle why high tax rates on rental profits and capital gains often push property owners toward this strategy and uncover the nuanced benefits like lower corporation tax rates and flexible income distribution. Listen as we break down essential reliefs...

Ever wondered why 42% of estate owners are jeopardizing their estates' future? Join us as we uncover the critical mistakes being made and learn from the experts how to secure your legacy. With insights from Leonora Stevens, Mike Hodges, and special guest Peter Harker, we'll move beyond the typical tax talk and delve into the practicalities of succession planning for landed estates. Discover strategies to manage farmland, residential properties, and natural capital projects effectively while p...

A family office is a formal arrangement that involves a high-net-worth family being supported with a range of services, including legal, tax, accounting and concierge support. Whether or not you need a family office depends entirely on your financial, investment, and personal needs. In this episode, Leonora and Mike are joined by Alexandra Britton-Davis, a fellow partner at Saffery. As well as outlining how they’d interact with a family office as external advisers, they answer key questions,...

In this episode, we cover the tax implications and practical considerations involved when purchasing large properties and landed estates. Leonora and Mike are joined by Elizabeth Hartless, a fellow partner at Saffery. As well as outlining top tax tips with respect to property renovations, other key areas discussed include: Funding and structuring,Stamp Duty Land Tax (SDLT),VAT considerations,The impact on your inheritance tax (IHT) position,Employment taxes if taking on any employees,...

In this episode we examine the tax and practical aspects to consider when thinking about retirement. We discuss the importance of having a plan in place to ensure you are prepared and are able to achieve your personal objectives. Leonora and Mike specifically delve into areas including: Pensions,Cash and other assets (more information on gifting cash and property is available),Removing liquidity from a business,Business property relief (BPR), andInheritance tax (IHT).

In this episode, Leonora Stevens and Mike Hodges approach the sensitive topic of death and tax planning, sharing their top tips to give you peace of mind and to help make the planning process as seamless as possible. In particular, Leonora and Mike discuss: The importance of having an up-to-date will in place,Inheritance tax (IHT) and estate planning,The complications of leaving behind a legacy to charity, andOther practical points to consider.You can also find further information in our...

In this episode Leonora Stevens and Mike Hodges revisit Family Investment Companies (FICs) and are delighted to be joined by Guy Broadfield, a Senior Associate at Burges Salmon who has a focus on tax and trusts. We first examined FICs back in 2021 (that episode can be listened to here), but with markets and sectors moving at such rapid pace we delve into this area again, this time discussing: Are FICs still as widely used as they were previously? What problems can arise when using this type...

In this podcast, we examine how grandparents can help to fund school fees and note the relevant tax implications. In particular, we explore inheritance tax and what qualifies as a potentially exempt transfer (PET), while also looking at the use of trusts and main things to  consider. We additionally highlight some general top tips.

Leonora Stevens, Mike Hodges and Jason Lane discuss the tax matters when going through a divorce.  This includes: the type of divorce, the tax year of separation and transferring assets, and other practical considerations.

In our latest podcast, Leonora Stevens, Mike Hodges and Alexandra Britton-Davis discuss the tax matters for those thinking of returning to the UK.  They highlight:  The importance of considering the date of return;What to do if you find yourself in a period of cross-over in respect of dual residency; and Clarify the temporary non-resident rules for returning non-doms.

We provide guidance and tips on planning for the new financial year from 6 April. There has been a lot of economic turbulence and multiple tax announcements over the last six months, so we provide clarity of the changes from 6 April, and what you can do before these come into place. 

In this episode, Leonora Stevens, Mike Hodges and Alexandra Britton-Davis discuss the tax matters that should be taken into account if you are thinking of moving outside of the UK before the end of the tax year, including practical guidance on losing UK residency status.

In this Private Wealth Podcast, Leonora Stevens, Mike Hodges and Simon Love discuss in greater depth some key tax implications of cryptoassets, including: remuneration from an employer in cryptocurrency, the taxation of non-fungible tokens (NFTs) and losses from cryptoasset investment.

 In our first podcast on cryptoassets, we focus on the fundamentals, including: what they are, the different types of assets/currencies in the market, how they work and why people may invest in them.

In our latest Private Wealth Podcast, Leonora Stevens and Mike Hodges discuss how individuals and families can utilise trusts to pass assets to the next generation.

In this episode, Leonora Stevens and Mike Hodges discuss the various tax implications when gifting assets (excluding property) such as cash and chattels.

In this episode, Leonora Stevens and Mike Hodges discuss the various tax implications when gifting property.

We discuss what actions individuals can take prior to the end of the tax year to maximise the use of relevant reliefs and allowances. 

With much speculation and discussion surrounding inheritance tax (IHT), the OECD have recently published a report on IHT within OECD countries. In our podcast, we discuss the findings and recommendations from this report, delving into the finer details and what they could mean for the future.

Leonora Stevens and Mike Hodges discuss Family Investment companies. How do they work and why do Saffery Champness clients use them?