Wealth Management Planning: The UK Tax Principles

This book addresses the key UK tax issues affecting wealth management planning for both the UK domiciled and non-UK domiciled individual and is aimed at those professionals involved (or those studying for professional qualifications) in the field of wealth management planning. The recent Finance Acts 2006 and 2008 have changed significantly the tax rules in key areas applicable to wealth management planning. All these changes and their implication (and more) are covered in this book. "A comprehensive bang-up-to-date tour de force with practical examples to help and guide with all tax problems for the international client with UK connections. My copy is to be kept by my desk at all times."-- Stephen Arthur, Barrister, Lincoln's Inn "This book gives comprehensive coverage to the complicated subject of taxation for Financial Planners. Many clients increasingly have diverse and complex needs often spanning different fiscal regimes and to meet their goals and objectives need a greater level of support. This book will be very valuable to all those Financial Planners who wish to extend their learning and reference and desire to meet the needs of such clients."-- Nick Cann, Chief Executive of the Institute of Financial Planning "In this book, Malcolm Finney presents a comprehensive summary of the UK tax rules in straightforward language and with many practical examples. It is a notable achievement to put incomprehensible tax legislation into such readily understandable terms; anyone advising on wealth management will find this to be an invaluable guide to the subject."-- Malcolm Gunn, Consultant, Squire, Sanders & Dempsey "The author demonstrates considerable skill in explaining complicated tax rules in a manner that makes them easy to assimilate and understand. The everyday, 'jargon free' language of this book, coupled with the lack of references to legislation, make it very easy to read and digest. The book contains Chapter summaries, useful Appendices and numerous worked examples, which provide a very clear, helpful explanation of some difficult tax rules. The book's contents cover wide areas of the tax system, and yet provide sufficient technical depth to be a valuable point of reference for those involved in wealth management and financial planning."-- Mark McLaughlin, Mark McLaughlin Associates, Managing Editor of TaxationWeb "A valuable new text explaining the tax treatment applicable to financial planning products and strategies for UK domiciled persons (UK resident or expats) and non domiciled UK residents. This book will be of interest to a wide readership ranging from students of law and tax, the interested layman seeking in depth knowledge and professionals including solicitors, accountants, financial planners, private bankers and trustees. The value of this book is it brings all elements of personal financial planning together in one volume and is written in a lucid clear style with practical examples included at every step to illustrate the points being made. Of particular interest is the updated coverage including the complex rules on inheritance tax and trusts in FA 2006 and non domiciliaries in FA 2008. Malcolm is to be commended on distilling a vast amount of detailed material into a logical and well ordered framework."-- Andrew Penney, Managing Director, Rothschild Trust Corporation Ltd "Malcolm Finney's book is stimulating, innovative and refreshingly practical. Anyone wanting either a high-level understanding of tax principles involved in wealth management or a deeper insight should read this book."-- Jacob Rigg, Head of Policy, Society of Trust and Estate Practitioners, STEP WorldwideFinney, Malcolm James is the author of 'Wealth Management Planning: The UK Tax Principles', published 2009 under ISBN 9780470724248 and ISBN 0470724242.