Mills & Reeve enhances international private wealth offering in London with major lateral hire

Mills & Reeve: We are delighted to welcome new partner Sarah Cormack from Withers.  Sarah, who will be based in our London office, specialises in tax, trusts and estate planning for ultra-high net worth international individuals and their families. She has particular expertise in establishing and advising on the holding of assets in multiple jurisdictions, the establishment of private trust companies and tax and structuring for clients who are both resident and non-resident in the UK.

Full story: https://www.mills-reeve.com/mills--reeve-enhances-international-private-wealth-offering-in-london-with-major-lateral-hire-10-01-2018/

BDO UK profits soar by 20%

ICAEW: BDO UK has posted another strong year with profits rising 19.7% to £109.4m thanks to a better-than-expected business environment despite Brexit worries.

Full story: https://economia.icaew.com/news/october-2018/bdo-uk-profits-soar-by-20-percent

A fifth of parents give early inheritance to avoid tax

Financial Reporter: Over 6.9 million parents (20%) have transferred assets to their children to mitigate the amount of inheritance tax payable on their estates, according to research from Direct Line.

Full story: http://www.financialreporter.co.uk/protection/a-fifth-of-parents-give-early-inheritance-to-avoid-tax.html

UK to impose stamp duty surcharge on non-resident property buyers

STEP: Prime Minister Theresa May has announced proposals for a stamp duty land tax (SDLT) surcharge of 1 or 3 per cent on foreign buyers of UK properties.

Full Story: https://www.step.org/news/uk-impose-stamp-duty-surcharge-non-resident-property-buyers

Buzzacott names Hopson as managing partner

Accountancy Daily: Top 25 firm Buzzacott has confirmed Tony Hopson as its new managing partner taking over from Amanda Francis who is stepping down after two four-year terms in the role.

Full story: www.accountancydaily.co/buzzacott-names-hopson-managing-partner

Smith & Williamson continues expansion into Ireland

Accountancy Daily: Smith & Williamson in Ireland has merged with Dublin-based accountancy firm LHM Casey McGrath, in a move that will put the meged practice in the top 10 in the Republic of Ireland

Full story: www.accountancydaily.co/smith-williamson-continues-expansion-ireland