What Surprises will 2017 hold in Store? The short answer is: many! In our line of business, it has become customary to make predictions as analysts have come to be seen as modern-day oracles. It is, however, clear to us in the profession that we are not oracles. We build our view of the future by analyzing companies and trying to determine if these companies are sound investments for the long-term or not. The rest is just noise which diverts our attention from the main objective. In making timely decisions, it has become more and more important to listen to the noise and to sometimes take into consideration. What are the ‘known unknowns’? Interest rates are on the rise, finally. The risk of
With the new UK tax year approaching on April 6th, 2017, we here at Pomona Wealth wanted to recap on major developements in UK property ownership and of some new rules and existing rules from 2015 Properties held in Companies or Trust: Currently, if a non-UK domiciled person or a trust created by a non-UK domiciled person holds UK residential property through an offshore company, the property will not be subject to inheritance tax. From April 2017, UK residential property will always be within the inheritance tax net regardless of how it is held. This means there could be significant new tax costs. To name two common examples and their impacts: Where a property is held personally or through
