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...“You can have heirs inheriting a modest amount of money and finding themselves in a lot of difficulty.” Others have more philosophical objections....
...Emma Jacobs is an FT features writer Find out about our latest stories first — follow @FTProperty on X or @ft_houseandhome on Instagram...
...As well as super-rich business owners and heirs, non-doms also include City of London bankers, lawyers and consultants....
...Colour is an essential dimension of a flower garden. It enhances the mood and draws the garden, part or whole, into a unity....
...Over the last couple of months, we’ve had two or three hundred join,” the management consultant said....
...But we appear incapable of funding these businesses or retaining them to grow in this country.”...
...Georges Elhedery had only been back from sabbatical for just over a month when HSBC cast him as heir apparent to the chief executive....
...It’s the frisson of forbidden desire across class barriers, perhaps, or maybe just the thrill of seeing all those drapey dresses and silky underthings being wantonly torn off in the heat of passion....
...The story of 90-something Sumner, his daughter and heir apparent Shari and the TV exec Les Moonves who plotted to take over the business until he was brought down by #MeToo allegations is plainly told and...
...In an attempt to galvanise the exchange, the Financial Conduct Authority last week proposed a series of rule changes to make it easier for companies to list on the LSE, writes Emma Dunkley in London....
...These include gifts between spouses, regular gifts made out of excess income or a £3,000 annual gift allowance....
...IHT is charged on the value of an individual’s assets at death. It must normally be paid within six months of the death before the estate can be formally handed over to heirs....
...If he wants to become president for life or assign himself stock with 10 times the voting rights of other shares, well, what could possibly go wrong?...
...Heir brain Jay Y Lee, the new executive chair of Samsung Electronics, will avoid controversy as assiduously as Musk pursues it....
...While rational thought allows us to draw logical conclusions, emotion affects the importance we assign the goals and the weight we give to the data.”...
...Additional reporting by Edward White in Seoul and Emma Zhou in Beijing...
...Oliver Wyman assigns the parent taking leave a senior sponsor to oversee the transfer of commitments when they leave and on their return....
...Japan’s heir shortage: Tens of thousands of Japanese businesses will close this year as the country’s ageing population scrambles to find successors....
...Tax the donor on all transfers, whether in lifetime or on death and whether to trusts or individuals but at a low flat rate of, say, 10 per cent....
...Tightening and scrapping IHT exemptions Though tax experts think it’s unlikely the UK would follow OECD advice in taxing heirs or seriously tightening up on lifetime gifts, they see more chance of the country...
...They often use trusts as a means of control, setting strict rules and standards, or disapproving of their relationships.”...
...Philanthropy or tax? But are these millionaires anything more than a handful of mavericks?...
...Four months after being released from prison, Samsung’s third-generation heir Lee Jae-yong is taking a more active role in the company by reshuffling management: Han Jong-hee, head of Samsung’s visual display...
...This could mean giving it away — or leaving it on death — to someone other than your intended heirs....
...As our writers point out, now is the time to consider options — to take profits on shares, for example, amend pension arrangements or perhaps pass on assets to heirs....
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