Thursday, March 1st, 2012
UK business leaders are urging the British Chancellor of the Exchequer George Osborne to reduce the top level of personal income tax from 50% at his budget in April.
The rate was introduced by the previous Labour Government, but has been kept by the Coalition.
If the number of business people we are seeing from the UK looking at our Monaco properties is anything to go by the 50% tax rate is having an affect on high-earners.
To read a letter the business leaders sent to a national newspaper click through to the Daily Telegraph Letters Page
For details of property for sale in Monaco visit www.monacoproperty.net
Tags: George Osborne, personal income tax
Posted in economy, finance, money, tax | 1 Comment »
Tuesday, February 21st, 2012
The Daily Telegraph have run an interesting article in their property section about real estate in Monaco and the French Riviera, mentioning how closing costs for example in Monaco have come down, and noting a lot more interest at the moment from international buyers.
They also mention other taxes, especially those in France compared to Monaco, and mortgages from the banks in Monaco.
To read it visit http://www.telegraph.co.uk/finance/personalfinance/offshorefinance/9071394/Monaco-a-new-hotspot-for-property-investments.html
Tags: banks in Monaco, real estate in Monaco
Posted in Monaco, finance, money, real estate, tax | Comments Off
Tuesday, July 26th, 2011
Monte Carlo Casino
While Prince Albert and Charlene’s wedding might have been making headlines around the world for all the wrong reasons, a report in today’s Independent in the UK lends credence to the old maxim that any publicity is good publicity.
The report focuses on SBM which owns the Monte Carlo Casino and counts the Hotel de Paris among the Monaco hotels in its portfolio.
In its most recent figures, revenues from the hotels went up last year, but the casino takings dropped – partly due it is claimed to the smoking ban. And given the amount of money that can be won or lost at the Monte Carlo Casino it’s no surprise perhaps that the more nervous cigarette smokers didn’t fancy spending a few hours playing poker with tensions rising – and not being able to smoke!
The wedding though should help things along in the coming months.
Future plans make interesting reading, and to see the report in The Independent click here
For details of property for sale visit www.monacoproperty.net
Tags: Monaco hotels, Monte Carlo Casino, SBM, smoking ban
Posted in Monaco, Monte Carlo, finance, marriage, money, wedding | 1 Comment »
Saturday, July 9th, 2011
A report in The Daily Telegraph suggests Lewis Hamilton could be moving to Monaco, having tired of the slow pace of life in Switzerland and new taxes being introduced.
The report suggests he could be buying an apartment in Avenue Princess Grace.
To read the report click here
For more details about Swiss banks including private bank Switzerland facilities visit www.monacoproperty.net and for another European tax haven visit propertyandorra.com for Andorra property
Tags: Andorra property, Lewis Hamilton, private banking Switzerland
Posted in Monaco, cars, f1, finance, grand prix, money, sport, tax, tax haven | Comments Off
Wednesday, June 29th, 2011
Monaco is abuzz with news that Friday’s wedding between Charlene Wittstock and Prince Albert might not go ahead.
The rumours started after a French magazine claimed that Charlene tried to flee to South Africa last week, when she found out Albert had another illegitimate baby – who is reportedly 15 months old.
But while the world’s press speculate on whether Charlene will turn up for the wedding on Friday, the palace issued a statement robustly denying the claims and Prince Albert’s lawyer confirmed he will be taking legal action against the French magazine, adding that all is well and he was with them in Paris just three days ago.
Guests at the wedding are to include BHS boss Philip Green, Sir Richard Branson, Naomi Campbell, countless European Royals and Giorgio Armani, who has designed Charlene’s wedding dress.
Our money is on the wedding going ahead.
Monaco residency details are at www.monacoproperty.net and on their Grand Prix pages are details of the 2012 Monaco Grand Prix
Tags: 2012 Monaco Grand Prix, BHS, Charlene Wittsock, Giorgio Armani, Monaco residency, Naomi Campbell, Richard Branson
Posted in Monaco, Monte Carlo, UK, Uncategorized, autos, broadband, cars, celebrities, celebrity, economy, environment, f1, finance, gossip, grand prix, marriage, money, music, property, real estate, royals, royalty, sport, sports, tax, tax haven, technology, travel, wedding | Comments Off