Tony Wickenden

Tony Wickenden

ony is joint managing director of Technical Connection (a St James’s Place Wealth Management group company), which provides online knowledge management, insight and CPD through Techlink Professional and expert technical support to advisers on all aspects of the financial planning process.

He has been a weekly contributor to Money Marketing’s Technical Area on tax planning development issues affecting advisers for over 30 years.

business property relief

Tony Wickenden: IHT change in the offing

As an early Christmas present, the exceedingly generous (and almost hyperactive – in 2018 at least) Office of Tax Simplification published the first report of its two-part inheritance tax review. Entitled ‘Overview of the tax and dealing with administration’, it explains its initial findings and recommendations. The second report, dealing with the more technical issues, […]

Tony Wickenden

Tony Wickenden: CGT updates for planning strategies

Advisers must ensure all available reliefs and exemptions are used as far as they can be As announced in this year’s Budget, the capital gains tax annual exempt amount will increase from £11,700 in 2018/19 to £12,000 in 2019/20. The annual exempt amount available to trustees will increase from £5,850 to £6,000 – although this […]

business property relief

Tony Wickenden: One step closer to fair and simple trust taxation

HM Revenue & Customs is seeking views on policy design and any suitable alternatives After a long wait since it was announced in the autumn Budget of 2017, HM Revenue and Customs published consultation paper The Taxation of Trusts: A Review on 7 November. The consultation’s aim is to make the taxation of trusts simpler, […]

business property relief

Tony Wickenden: Offshore investing shouldn’t be out of bounds

Negative headlines have made offshore investing look fraught with difficulties, but overlooking them could be doing clients a disservice In the lead-up to 30 September you may have read a bit about the “requirement to correct” with regards to the offshore investments of UK residents. You may also have wondered exactly what it was. The RTC […]

business property relief

Tony Wickenden: IHT planning faces a critical moment

Advisers are placing more importance on this tax, just as the OTS readies recommendations for its simplification I was fortunate enough to be asked to speak at an event run by Cicero Group earlier this month. Cicero was presenting some interesting adviser research on inheritance tax, and my job was to talk about it in the […]

business property relief

Tony Wickenden: Clarity on life assurance policies for non-doms

Long-awaited guidance clears up confusion around the IHT position of policies issued under seal Life assurance protection is an often overlooked estate planning tool. For UK-domiciled individuals, effecting a policy subject to a trust can deliver a neat, effective way of sorting inheritance tax liability that cannot be diminished through other planning. It can also […]

business property relief

Tony Wickenden: Helping business owner clients plan around losses

Knowledge of how the tax relief rules work for corporate losses will add considerable value to an adviser’s proposition Financial planning tends to focus on situations where there is available capital or income – very possibly created from business profits for SME owner-managers. But sometimes businesses make losses, and an awareness of how the tax […]

business property relief

Tony Wickenden: More pressure on shielded UK business profits

HMRC is tightening the screw on tax avoidance involving profit fragmentation Tax avoidance continues to drive Treasury and HM Revenue & Customs activity. Over the summer, the Revenue published responses to its consultation on proposals to tackle schemes designed to move UK business profits outside the charge of UK tax, often using offshore trusts and […]