The International Wealth Structuring team at Healys offers a full bespoke service to high-net -worth individuals and their families. As part of the international team’s mandate, they help successful families and entrepreneurs protect their assets.
The team offers a wide range of advice on all aspects of wealth structuring. This can involve using international and domestic trusts in both local and offshore jurisdictions.
Our experts of over 20 years’ experience are able to advise you on where is best to protect your assets and the necessary tax reporting on your wealth if you enter the UK on a temporary basis for visits for work, business or other reasons, or should you and your family decide to remain there permanently.
Most of our clients are foreign nationals that have entered the UK using the Tier 1 Investor/ Entrepreneur visa and are planning to secure their wealth and pass it on to future generations.
Whether or not they or their families choose to remain, many of our clients acquire properties in the UK. Recent changes to a number of the tax rules presents challenges as regards structuring the property purchase in the most tax-effective and beneficial manner for clients and their families.
Our team is on hand to guide you through the red tape and give you practical and commercially sound advice that is tailored to your situation. The team can advise on the most tax-efficient way of protecting and growing your wealth.
For more information on our services or to have a free consultation please contact one of the team on 020 7822 4000 / 01273 685 888 or email email@example.com
2nd March 2021
11th September 2020
The whole point of engaging a professional to draft your will is to make your wishes clear in precise and unambiguous terms. If your will falls below that high standard the result, as a High Court ruling showed, can be family stalemate after you are gone. Continue reading »
27th August 2020
Important documents often languish in drawers for years, gathering dust – but if they have been carefully drafted by a professional, they can make all the difference when the time comes.
In a case on point, a deed stored in a solicitor’s office for almost 20 years proved decisive in resolving a bitter family inheritance dispute. Continue reading »
4th June 2020
You are in principle entitled to bequeath your wealth to whoever you choose. However, as a High Court decision made clear, the law will intervene if you ignore your moral obligations when making your will. Continue reading »
3rd March 2021
During today’s Spring Budget announcement, the chancellor confirmed that he would boost support for home buyers through a mortgage guarantee.
Low-deposit mortgage accessibility has declined since the pandemic started, which has made home-ownership unreachable for many. But the government hopes that these plans will give more people the support and opportunity to buy their own homes.
It was also announced that the Stamp Duty Land Tax holiday in England and Northern Ireland will be extended for purchases up to £500,000 until the 30th June, meaning home buyers avoid the stamp duty levy on purchases under that amount. After this date, the starting rate of Stamp Duty will be £250,000 until the end of September, before returning to the previous level of £125,000.
“In the end then the announcement was largely as anticipated, but for perhaps a few additional reveals here and there. In my view extending the SDLT holiday will provide a much needed crutch for the economy to rest its weight whilst its other limbs scramble for footing as we move out of lockdown. The tapering back of the SDLT thresholds is also an interesting development and one which I am in favour of. Suddenly stopping the SDLT holiday (whether at the end of March or the end of June) would have almost certainly lead to a shock to the market and to the economy as a whole. By delaying and then tapering back the SDLT limit (and introducing the 95% mortgages) the government clearly hopes to either stop that from happening completely or at least turn that cliff edge many have been talking about into a downward hill to an eventual (hopefully high) plateau. If property transactions do decline then by the time we all get to that plateau the economy will hopefully be ready to throw away its crutch and start running!
“In terms of the 95% mortgages, I think this is an excellent introduction, provided of course it is done safely. It will give many perfectly worthy potential homeowners the chance to achieve their dreams where previously they would have been priced out of the market. Much talk has been made of a lack of housing stock, but when has there ever been enough housing? Also, who says only the cash rich should be entitled to be homeowners? I think it helps provide a level playing field, and it is one that I am all for.”
Healys LLP are award winning conveyancing solicitors based in London, Brighton & Sussex. Our conveyancing solicitors have a vast amount of experience in property law and we deal with all aspects, including the purchases & sales of homes, freeholds, leaseholds, shared ownership schemes, remortgaging, lease extensions and more. For more legal updates or legal advice, please visit Healys LLP’s website.
25th January 2021
13th January 2021