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Private Clients

BUZZACOTT HELP PEOPLE plan their lives by growing and protecting their wealth.

The scope could hardly be wider: individuals, families and their businesses; provision for children and grandchildren; changes of circumstance, status and domicile.

In essence, Buzzacott offer private clients a lifetime wealth management programme, bespoke to need, founded on sound tax planning and compliance, but also offering business, investment and pension expertise, and a comprehensive grasp of inheritance tax with the strategic use of trusts.

Top 25 Accountancy Firms 2012 AwardBuzzacott Chartered Accountants is a proud winner of the Private Client Practitioner's Top 25 Accountancy Firms 2012 Award.

News

Maximise your temporarily increased Annual Investment Allowance
The Government announced a temporary ten-fold increase in the Annual Investment Allowance (“AIA”) to £250,000 for two years from 1 January 2013.

Pensions Contributions
Pension planning continues to be one of the most attractive forms of tax efficient investment.

Capital loss election
2008/09 was the first tax year that new UK tax rules were introduced for non-domiciled individuals.

Business Investment Relief
A reminder that BIR is potentially useful for non-UK domiciled individuals.

Statutory Residence Test (“SRT”)
The SRT is to be introduced from 6 April 2013 and the new rules involve a rather complex system.

Have you been UK tax resident for 17 UK tax years?
You will become 'deemed domiciled' in the UK once you have been resident in the UK for any part of 17 of the previous 20 tax years.

UK Inheritance Tax Update for Non-Doms: Transfers between spouses
Current rules allow transfers between UK domiciled or deemed domiciled spouses (during their lifetimes or on death) to be exempt from IHT.

Insights

IHT: Removing reliefs for debt?
As the law currently stands, if a debt is secured against an asset, only the net value is exposed to UK Inheritance Tax (“IHT”).

UK year-end planning for Expatriates
PDF download of the UK year-end planning insight for Expatriates.

The advantages of the new Business Investment Relief for non-UK domiciliaries
Business Investment Relief – or “BIR” – is a potentially very valuable tax relief available for investing in the UK