Private wealth
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Private wealth

Stephenson Harwood has been looking after the legal needs of wealthy individuals and their families for nearly 200 years. We have always understood that our private clients require a wide range of services, beyond that which is offered by the traditional ‘private client’ firms. This is because our clients are typically entrepreneurial, international and with complex, frequently international, interests.
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As a truly international firm, with a wide range of legal capabilities, our award winning private wealth team is ideally positioned to service all the needs of high net worth individuals. We can help you with:

  • advice on residency and domicile
  • UK and international personal tax planning, including planning for UK resident and non-domiciled individuals
  • tax and succession advice for shareholders, directors and employees
  • advice on tax efficient inward investment into the UK, including real estate
  • creating and advising upon offshore trusts, foundations, companies and other wealth preservation vehicles
  • creating and advising upon overseas pensions schemes and other remuneration trusts
  • representing clients in tax enquiries and investigations instigated by HMRC and where criminal proceedings have been commenced
  • creating asset protection structures

Our private wealth team works closely with our renowned corporate tax team, which provides the full range of tax services – both direct and indirect taxes (including VAT) - to businesses in the UK and internationally.

“Fantastic industry knowledge, practical experience of the sector. Great combination of deep technical knowledge and formidable litigation skills. The firm I always choose for the tricky cases.”

The Legal 500 UK 2022

UK property

We regularly advise clients on the most tax efficient means of acquiring and holding UK property, both for personal occupation and investment, taking into account CGT, IHT, ATED, SDLT and VAT.

Residency planning

We recently advised a prominent Italian family on their relocation to the UK, looking at their personal assets and those in various offshore trusts.

Tax investigations

We represented a client in an HMRC investigation generated by their receipt of his leaked foreign bank account details and we settled the case for less than one-tenth of the amount of tax originally claimed.

Philanthropy

We advised a prominent Hong Kong billionaire on his proposed bequest to a US charity and created two charitable trusts in the UK and Hong Kong.

International succession planning

We recently advised a UK national resident in Belgium on estate planning for his worldwide estate, including considering the interaction between UK and Belgian death taxes.

Foreign pensions

We are renowned for our expertise in foreign pensions and we have advised a large number of individuals and institutions on the UK tax treatment of IPPs, QROPS and QNUPS.

Jets, yachts and art

As well as being able to provide tax advice on the acquisition of these assets, we can also provide advice on all legal matters including build/purchase contracts, disputes and finance.

Latest news & insights

26 Apr 2024

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Canadian Federal Budget 2024: Increasing the Capital Gains Inclusion Rate

On 16 April, Canada's Deputy Prime Minister and Finance Minister Chrystia Freeland released Canada's 2024 budget ("Budget 2024").

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08 Mar 2024

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Budget 2024: The end of the non-dom regime and other key changes for individuals with a UK connection

The Chancellor has delivered his last Budget before the next General Election and, as widely anticipated, has announced a significant overhaul in the UK's taxation reg..

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07 Mar 2024

From Insights

CAPITAL talk – private wealth in a podcast

CAPITAL talk – private wealth in a podcast; hosted by James Quarmby, who examines the important topical issues facing the private wealth industry by way of searching i..

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26 Jan 2024

From News

Lawyers featured in Private Client Global Elite Directory 2024

Stephenson Harwood private wealth team – partners Beatrice Puoti, Emily Osborne, James Quarmby, Jenny McKeown, Jessica Yu, Jonathan Conder, Kevin Lee, Michael Rutili, ..

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11 Jan 2024

From Insights

Register of Overseas Entities: Annual update and future changes

Following the introduction of The Economic Crime (Transparency and Enforcement) Act 2022 ("ECTEA") which required overseas entities holding UK land to register on the ..

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08 Jan 2024

From Insights

Update on Hong Kong's refined foreign-sourced passive income taxation regime

On 23 December 2022, an amendment ordinance was enacted to reform the city's foreign-sourced passive income tax regime

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30 Nov 2023

From News

Stephenson Harwood wins 'Private Client Team of the Year' award

Law firm Stephenson Harwood LLP has been named 'Private Client Team of the Year' at the 2023 British Legal Awards.

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27 Nov 2023

From News

Jonathan Conder wins at Spear's Awards 2023

Stephenson Harwood partner Jonathan Conder has won Lawyer of the Year (Tax & Trusts) at the Spear's Awards 2023.

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29 Sep 2023

From News

Nine lawyers featured in Spear's Magazine's 2023 rankings

Stephenson Harwood partners Jonathan Conder, Kevin Lee, Emily Osborne, James Quarmby, Michael Rutili, Alastair Glover, Helena Berman and Jenny McKeown, and managing as..

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13 Sep 2023

From News

Michael Rutili named in eprivateclient’s NextGen Leaders list

Stephenson Harwood private wealth partner Michael Rutili has been named in eprivateclient’s NextGen Leaders 2023 list.

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24 Jul 2023

From Insights

2023's changes to eligibility requirements for key tax incentives utilised by Singapore family offices: A practical guide

On 5 July 2023, the Monetary Authority of Singapore (the "MAS") announced new updates to the conditions required for fund vehicles managed or advised directly by famil..

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14 Jul 2023

From Insights

CAPITAL letters - Issue 33

The UK property market has for the longest time been regarded as a safe bet; with predictable and stable growth and a lack of regulation and tax, it is an attractive a..

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06 Jul 2023

From News

Stephenson Harwood wins seven awards at China Business Law Awards

Law firm Stephenson Harwood LLP has been named winner of seven categories at China Business Law Journal's 2023 China Business Law Awards.

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02 Jun 2023

From News

Stephenson Harwood wins four awards at WealthBriefingAsia & Greater China Awards 2023

Law firm Stephenson Harwood LLP has won four awards at the WealthBriefingAsia & Greater China Awards 2023, which were held in Singapore.

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19 Apr 2023

From Insights

Revisions to the proposed family office tax exemption regime in Hong Kong: the key takeaways

In our previous briefing note, we provided a high level comparison between the proposed tax concession scheme for family offices in Hong Kong (the “Scheme”) and how it..

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20 Mar 2023

From Insights

Wealth management updates: Take with one hand and give with the other! Changes to residency routes in Singapore

To attract more highly skilled foreign investors, professionals, and talent, Singapore has introduced a range of initiatives to boost foreign investment and complement..

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© Stephenson Harwood LLP 2016. Any reference to Stephenson Harwood in this document means Stephenson Harwood LLP and/or its affiliated undertakings. Any reference to a partner is used to refer to a member of Stephenson Harwood LLP.