A look at the top stories on eprivateclient this week...

Monday

While the current political focus is on the Conservative party leadership race, the threat of a Jeremy Corbyn led-government still looms. Geoffrey Todd, partner at Boodle Hatfield, outlined high net worths’ (HNWs) six key concerns in the event of Corbyn becoming Prime Minister.

Multi-family office TwinFocus appointed former eprivateclient Top 35 Under 35 Andrew Sams as a director in its London office.

Tuesday

Lloyds Banking group confirmed that 8,000 offshore bank accounts have been suspended in Jersey in order to combat suspected money laundering.

The wealth gap between the young and old is growing, with lawyers warning the repercussions will be felt in both directions, according to a new report.

Wednesday

Dominic Lawton-Smith joined Crestbridge in Cayman as a director focusing on ultra-high net worth families and their advisers.

There is no doubt that divorce is an emotional time for many, but it can be especially complicated for high-net-worth individuals as they navigate complex financial structures and assets they jointly own before a resolution is reached, explained barrister, Julia Townend.

Thursday

Second home owners, landlords and property investors are being urged to beware a “dramatic change” to the current capital gains tax regime which will come into effect in April next year.

Increasingly many parents looking to finance their child’s accommodation while at university consider investing in a property for the child to live in, Paul Gallagher, tax director, BDB Pitmans explained.

Friday

Big four accountancy firm Deloitte made three senior promotions within its private client tax team - including to former eprivateclient Top 35 Under 35s.

PM+M, a chartered accountancy, business advisory and wealth management group, launched a non-contentious probate service for clients from its Blackburn office.