Private Clients

Content for Private Clients:

  • Estate and Inheritance Tax Planning

    We provide a specialist estate and inheritance planning service. We ensure that tax-saving opportunities are fully exploited and the pitfalls of anti-avoidance legislation are successfully circumvented. Our in-depth specialist knowledge enables us to provide complete services from a considered restructuring of a person’s estate to final implementation, including relevant adjustments to reflect changes to personal [...]

  • India: Forex remittance rules

    India’s Foreign Exchange Management Act 1999 regulates the remittance of funds or foreign currencies from India. However, individuals resident in India are allowed to remit funds abroad in the following cases: Business trips to any country other than Nepal or Bhutan: upto USD 25,000. Medical treatment abroad: upto USD 100,000. Studies abroad: USD 100,000 per academic year. Liberalised Remittance [...]

  • Personal Tax Planning

    In the course of preparing your tax return we will automatically review your personal tax affairs to ensure you have claimed all the reliefs, allowances and other benefits which are available. We will go even further to highlight areas and issues where your tax affairs could be structured in a more tax-efficient manner. Some of the [...]

  • Tax Returns

    Our Tax Return and personal tax compliance services include the preparation of: * Personal tax returns of sole-traders, individual partners in Partnership arrangements, company directors and High Net Worth Individuals. * Partnership tax returns. * Trust tax returns. The UK’s self-assessment [...]

  • London City Bankers tax

    UK based banks appear willing to pick up the tab regarding the 50% one-off tax on bankers’ bonuses above £25,000 rather than move the burden to the bankers themselves.  However, the 50% tax on earnings above £150,000 due to kick in from April 2010 is more of a long term threat to London’s pre-eminence as [...]

  • Residence & Domicile

    Residence  A person will be regarded as resident in the UK under the following circumstances:  If they are present in the UK for 183 days or more in a tax year, they will be resident for that year for tax purposes  If they come to live in the UK for two years or more they will be regarded [...]

  • Tax disclosure opportunities

    HMRC of the UK have announced two disclosure opportunities which may be loosely termed as the UK’s tax “amnesties” although tax, interest and reduced penalties must be paid.  These disclosure opportunities are described below. Related Posts:Offshore bank accounts: New Disclosure OpportunityLiechtenstein Disclosure Facility (LDF)UK in Offshore Tax Planning2010 UK BudgetForm 42 – reporting requirements

  • Tax planning for Non-Resident Indians (NRIs)

    RKG Consulting is uniquely placed to assist Non-Resident Indians (NRIs) living in the UK in their tax planning.  The term NRI may loosely be used to include not only individuals born in India but presently living in the UK but also to many individuals actually born in the UK but of Indian parentage.  Even though the person his or herself  is [...]