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Capital Gains Tax for Divorcing Couples: Improvements in the Law
Posted: 31/07/2023
Many readers will already know that, on the transfer of an asset from one individual to another, the transferring party may have to pay capital gains tax (CGT) if the market value of the asset being transferred is higher than the value at which they acquired the asset - i.e. there is a gain in value......>>
Penningtons Manches Cooper’s private wealth lawyers recognised for ‘quality service’ in Chambers High Net Worth 2023
Posted: 26/07/2023
Following a series of outstanding rankings for Penningtons Manches Cooper in the 2023 edition of Chambers UK, a number of members of the firm’s private wealth sector group have now been recognised in the latest edition of the Chambers High Net Worth Legal Guide. In total, 18 individual lawyers have been ranked......>>
Digital assets: how are they dealt with on divorce?
Posted: 03/05/2023
Digital (or crypto) assets now form part of many people’s financial portfolios. They are commonplace and many are routinely investing in digital assets to diversify their investments. Recent reports have indicated that 1 in tenpeople in the UK have some form of crypto asset. The role of the metaverse in the future in how people hold......>>
Success for members of Penningtons Manches Cooper’s private wealth group in 2023 Citywealth Powerwomen Awards
Posted: 02/03/2023
Members of Penningtons Manches Cooper’s private wealth sector group – head of family law Anna Worwood and Charlotte Hill, a senior associate in the disputes team specialising in crypto assets – have been named as the winners of their respective categories at the 2023 Citywealth Powerwomen Awards. The awards ceremony took place......>>
Members of Penningtons Manches Cooper’s private wealth group featured in 2023 edition of The Spear’s 500
Posted: 30/01/2023
Several members of Penningtons Manches Cooper’s private wealth sector group have featured in the latest edition of The Spear’s 500, for 2023. In total, 19 individuals, from across five teams, feature in the guide. Launched in 2006, Spear’s is a leading wealth management and luxury lifestyle magazine for the ultra-high-net-worth community......>>
What does the falling pound and market volatility mean for separating couples?
Posted: 05/10/2022
Rachel Donald, partner in Penningtons Manches Cooper's family law team, considers the issues that may arise for separating couples in a volatile market. Last week sterling fell to a record low. In 2022, the pound has fallen over 16% against the US dollar and 7% on a trade weighted index......>>
The register of overseas entities
Posted: 25/04/2022
Back in 2016, the UK government proposed the introduction of a public register of the beneficial ownership of UK land and property where that land or property was held by an overseas entity. One of the original aims of the register was to enable the government to enforce changes to the inheritance tax rules......>>
What next for capital gains tax? Part 2: The Office of Tax Simplification recommends targeted reforms
Posted: 12/08/2021
In our article published in December 2020 (here) we reported on the bold recommendations for capital gains tax (CGT) reform made by the Office of Tax Simplification (OTS) in the first of its two reports. The first report considered the policy design and principles underpinning CGT......>>
Moving to the UK? - a briefing for Hong Kongers on the UK’s beneficial tax regime for overseas families
Posted: 09/07/2021
The UK took a significant step to welcome Hong Kongers when it launched the Hong Kong British National (Overseas) (BNO) visa on 31 January 2021. With this visa, the UK Government has sought to remove many of the restrictions that hamper other visa categories......>>
James Stewart publishes fifth edition of Thomson Reuters’ definitive guide to international family law
Posted: 15/03/2021
The fifth edition of the best-selling publication, Family Law: A Global Guide, known to family practitioners as the ‘Blue Book’, is published by Thomson Reuters today (15 March 2021)......>>
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