Practice area: Private Client
Never has it been more important to take care of the pennies. As the UK Government looks to top up the coffers and tighten the public purse strings, the überwealthy will be watching to see how new tax legislation will affect their bank accounts, both at home and offshore.
This Private Client Special Report examines how the high-net-worth community will respond to a 45 per cent income tax band, which is due to be introduced in 2011.
The Special Report also takes a look at the Finance Act 2008 and how it is expected to be tested this year, when private client lawyers, who have already become accustomed to creative lawyering, will be seeking out innovative solutions to increasingly complex dilemmas.
Region: South East
Recent research points to the South East suffering the least during the recession, proving that the resilience of the region as a sturdy economic performer remains. Its closeness to London continues to pay dividends, not least for the region’s law firms, which despite accepting that the worst is still yet to come remain stoical over the prospects for the year ahead.