Josh Spero

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Friday, 18 April, 2025

UK tax
Non-doms quit London private members’ clubs to avoid UK tax links
Lawyers advise wealthy clients that HMRC could use membership as evidence of strong ties to Britain
Friday, 28 March, 2025

Money laundering
Top art galleries fined for money-laundering failures
Penalties from UK tax authority come as market prepares for sanctions compliance obligations
Thursday, 27 March, 2025

Lakshmi Mittal
Steel tycoon Lakshmi Mittal plans to leave UK after non-dom tax change
Indian businessman would join an exodus of wealthy individuals prompted by Labour’s reform
Monday, 24 March, 2025

Private wealth
Wealthy Americans seek refuge from Trump in Swiss banks
Private bankers and investment managers report large increase in clients wanting to shift assets to Switzerland
Friday, 14 March, 2025

Financials
Art lenders issue margin calls as painting prices fall
Borrowers asked to compensate for decline in collateral by swapping in more expensive artwork or supplying cash
Friday, 7 March, 2025

The Big Read
The hidden dangers of family offices
Private wealth management companies for the super-rich now manage trillions of dollars globally. Critics say they are open to abuse
Wednesday, 26 February, 2025

News in-depthGlobal migration
Trump adds ‘gold card’ to global cash-for-visas competition
Rivals to $5mn scheme have drawn Chinese, Russian and other wealthy investors, but raised concerns about money laundering
Friday, 21 February, 2025

Travel & leisure industry
Top London restaurants adopt minimum spend to deter bots and influencers
Gymkhana, Dorian and Hutong among capital’s eateries combating ‘reservation-squatting’
Tuesday, 11 February, 2025

UK tax
UK to change ‘unintended’ non-dom hit to overseas bank accounts
Effect of provision would be reversed pending ministerial sign-off, Treasury official says
Tuesday, 4 February, 2025

UK tax
Tax lawyers working ‘flat out’ for non-doms who choose not to leave UK
Global estates are being restructured ahead of planned change in April
Thursday, 23 January, 2025

UK politics
Reeves to soften UK non-dom tax reforms
Chancellor tells Davos crowd that government had been ‘listening to concerns’
Friday, 10 January, 2025

Private wealth
Rich opt out of English courts for private divorces
Wealthy couples splitting up increasingly turn to arbitration as streamlined alternative to overburdened traditional route
Friday, 10 January, 2025

Social affairs
Liberal Americans consider moving to UK after Trump win, lawyers say
Advisers cite rise in US citizens weighing up emigration amid fears over introduction of socially conservative policies
Friday, 27 December, 2024

UK tax
Lawyers question Starmer’s ‘misleading’ £3mn farm tax claim
Headline inheritance duty exemption is difficult to achieve and may involve splitting ownership of the land
Friday, 20 December, 2024

Zaha Hadid
Zaha Hadid Architects forced to continue paying to use name
Firm bearing late architect’s name had sued over licensing agreement
Saturday, 9 November, 2024

UK tax
UK landed estates warn Budget tax changes will ‘kill off’ business
Owners of historic houses hit out at changes to inheritance tax and national insurance
Monday, 4 November, 2024

News in-depthNon-dom tax status
UK tax plan for wealthy foreigners risks turning London into ‘bigger version of Bahamas’
Advisers warn British government’s proposal to replace non-dom scheme will attract those seeking short-term tax holidays
Friday, 1 November, 2024

UK Autumn Budget 2024
Some UK non-doms to pay exit charges on trusts after Budget changes
Move to target wealthy foreigners comes as government makes several concessions to stem flow out of Britain
Friday, 1 November, 2024

Airlines
Higher UK air taxes will not deter private jet customers, industry bosses say
Passenger duty will increase 50% for the largest private jets in 2026
Wednesday, 30 October, 2024

UK Autumn Budget 2024
UK hits wealthy with raids on non-doms, private equity and estates
Chancellor pressed ahead with contentious changes to offshore trusts used by rich foreigners
Thursday, 24 October, 2024

FT WealthPrivate wealth
What does the next decade hold for wealth management?
The FT’s new wealth editor has asked private bankers and lawyers to look into their crystal balls
Saturday, 12 October, 2024

Art Basel Paris 2024
Artists Elmgreen & Dragset: ‘We dress up the white cube in drag’
On the eve of a major Paris show, the duo talk queerness, minimalism, the uncanny and being featured on ‘The Simpsons’
Friday, 11 October, 2024

UK arts
Wealthy people leaving UK is hurting arts funding, sector warns
Institutions and charities say some backers plan to relocate because of proposed tax changes
Sunday, 6 October, 2024

InterviewMusic
Composer Caroline Shaw: ‘I’ve learnt to know what I’m good for’
The Pulitzer Prize-winning musician has worked with megastars but remains loyal to her chamber music roots
Saturday, 21 September, 2024

FT SeriesThe FT Magazine’s Guide to the Business Lunch
The FT’s favourite business lunch restaurants in London
17 venues in and around the City worth rescheduling your 2pm for, and the best tables at each