Luxury Assets

A record total of £64.5 million worth of art came into public ownership through HMRC’s Acceptance in Lieu (AIL) scheme and the Cultural Gifts Scheme (CGS)

Coys of Kensington, a name synonymous with the classic car scene for many decades, has been purchased by the family office of the Calleri family, run by Richard Calleri and advised by his father Antonio Calleri

2020 has left a big hole in government coffers and there will inevitably be changes to the tax regime in the new year

The common practice in the art world of protecting clients’ confidentiality and shielding transactions with a cloak of secrecy has been challenged in a recent decision by the High Court (Hickox v. Dickinson [2020] EWHC 2520 (Ch)) which has resulted in a peek behind the normally closed doors of private art sales...

The Supreme Court has dismissed the application by Zamira Hajiyeva, the wife of jailed Azerbaijani banker Jahangir Hajiyev, to appeal the Unexplained Wealth Order made against her by the National Crime Agency

The UK Office for National Statistics (ONS) main data on wealth misses almost £800 billion of assets held by the wealthiest one percent of households and correcting for this oversight means UK wealth inequality is higher than previously thought, according to new Resolution Foundation research published yesterday (Sunday 3 January 2021)

In the UK, 44 percent of households own pets, and there are some 51 million pets - almost as many as people. According to research by the American Animal Hospital Association, 93 percent would risk their life for their pet, 86 percent include their pet in holiday celebrations, 67 percent take their pets on holiday, and 63 percent celebrate their pet’s birthday

Joe Biden wants to reform the US tax system so that wealthy individuals contribute their “fair share” - a notion which is also part of the UK tax debate...

At 11 pm on 31 December 2020, the Brexit transition period will come to an end, and with it, the legislation which currently governs jurisdiction, recognition and enforcement in children and divorce cases in UK

Overseas ultra-high net worth investors are primed to purchase more super-prime UK property should the pound collapse in the event of a no deal brexit, private client law firm Boodle Hatfield has warned