New guide supports private wealth tax planning

Private wealth management firms may welcome the publication of a new guide, as it could support client advice relating to state and regional tariffs.

Financial publishers Taxbriefs has released Tax Planning 2010/11, describing it as "key" and "powerful work" for professionals working in the field of private wealth management.

The nuances of the tax system are covered by the report, requirements some individuals may choose to avoid by engaging in offshore private banking.

Inheritance tax planning can also be supported by such a move, as certain administrations - like Jersey and Guernsey - have different laws from mainland Britain, which can help minimise government charges for those with private wealth.

Edited by Sonia Gable, specialist in capital gains and income tax, private wealth management firms might be able to add to their expertise with the guide, which is part of a series that also includes Pensions and Retirement Planning 2010/11. ADNFCR-2318-ID-800256216-ADNFCR