Richard Pott, Senior Manager in Buzzacott's Private Client team, has been featured in Citywealth's insight series on tax trends, sharing his perspective on the forces currently shaping tax planning for UHNW families.

Richard discusses the fallout from the UK's abolition of the domicile regime and where clients are choosing to relocate as a result, from Dubai and Cyprus to jurisdictions now falling out of favour like Portugal. He also looks at the impact of pensions coming into the scope of Inheritance Tax from April 2027, and how HMRC's growing use of AI and data-sharing is changing the compliance framework.

On succession planning, Richard highlights the rising popularity of Family Investment Companies as a way for founders to pass on wealth while retaining control, alongside how the 2025 Autumn Budget's changes to the IHT charity exemption are reshaping philanthropic giving.

Looking ahead, he points to HMRC's proposed "duty to correct" measures and ongoing speculation about a UK death tax as key developments to watch. His message throughout: in a climate of constant change, revisiting existing advice is essential.

Read the full feature in Citywealth here.

If your circumstances are changing, or you want to make sure that your existing planning still holds up under the new rules, our Private Client team is here to help. Fill out the form below and one of the team will be in touch.