Welcome to a festive issue of the Charterhouse Newsletter
Welcome to a festive issue of the Charterhouse Newsletter. This month we celebrate Warpaint London’s successful admission to AIM and we take a look at how you can mitigate exposure to Inheritance tax.
Warpaint London success
At Charterhouse we work with a wide variety of clients across various industries and working together we get to see the hard work that goes into making a business into a success.
We have been working with Sam Bazini, Warpaint London CEO for 20 years, and are delighted that this cosmetic firm has been admitted to AIM, the London Stock Exchange international market for smaller growing companies. On admission, trading under the symbol W7L, Warpaint had a market capitalisation of £63million at the placing price of 97 pence. Their flagship brand W7 targets the 16-30 age market and has 230 customers in 40 countries. Admission to AIM is a significant milestone and enables the company to fast track their growth plans, and expand product lines.
Congratulations to Sam and the team from all of us at Charterhouse!
New Year Resolutions
Christmas is a wonderful time of year to spend time with family and friends and to start planning for the year ahead. This year we recommend that you add ‘Organising your estate’ to your New Year resolutions., From setting up Trusts to organising Wills and Probate you can enjoy 2017 knowing your estate and assets are working for you in the most beneficial way.
Did you know that if a parent of minor children dies and there is no one else with parental responsibility for them, then the Courts will decide who is to be granted parental responsibility for the children left behind? An important point to note, the father of the children if not married to the mother at the time of birth, does not in all cases have an automatic right to have parental responsibility. In order to avoid the Courts deciding on who should be granted parental responsibility protect your children from further anguish and instability by appointing a guardian for your children in your Will
Trusts are an extremely effective way to set aside assets outside of inheritance tax to pay for children’s or grandchildren's education, or even protecting those that are vulnerable, mentally or otherwise incapacitated.
Wills are essential if you own your home, have savings or personal belongings. The more you have, the less you should leave to chance. Charterhouse can help you formulate your estate and family succession plan with limited tax liability.
Good news - the resident nil rate band is set to come into effect in April 2017 which means that the majority of people can pass on their family home tax free. Read ‘Passing on our family home’ for more information.
Do book some time with us in the new year to organise your estate and mitigate exposure to inheritance tax.
Have a wonderful festive break
The Charterhouse Team.