Despite recent developments, the UK remains an attractive destination for migrating global families, writes David Whittaker (Mishcon de Reya).
In recent months a series of legislative changes in the UK have been announced with the potential to significantly impact UHNW individuals and families who are either already in the UK or who were thinking about coming to the UK. These developments have been characterised as potentially diminishing London’s reputation as a global financial centre for the super-rich. There have also been concerns voiced by some in the wealth management industry that the UK could be seen as ‘no longer open for business’ including predictions that there will be a mass exodus of the UHNW community.
This article seeks to dispel these concerns and argues that the UK should in fact remain as the pre-eminent destination of choice for UHNW families with a global footprint. This argument proceeds...
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Despite recent developments, the UK remains an attractive destination for migrating global families, writes David Whittaker (Mishcon de Reya).
In recent months a series of legislative changes in the UK have been announced with the potential to significantly impact UHNW individuals and families who are either already in the UK or who were thinking about coming to the UK. These developments have been characterised as potentially diminishing London’s reputation as a global financial centre for the super-rich. There have also been concerns voiced by some in the wealth management industry that the UK could be seen as ‘no longer open for business’ including predictions that there will be a mass exodus of the UHNW community.
This article seeks to dispel these concerns and argues that the UK should in fact remain as the pre-eminent destination of choice for UHNW families with a global footprint. This argument proceeds...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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