The Spear’s 500 features a comprehensive guide to the top private client advisers, wealth managers and High Net Worth service providers.
We are delighted to have both Nimesh and Dan profiled for the second year running. Comments from both, as well as details on each’s areas of expertise, can be found below:
Nimesh is a “huge believer in simplification” when it comes to the tax system as a whole – he said, “When I started there were two books: A and B, and now it’s A to H plus indices. The myriad of rules is mindboggling.”
He is an expert in the taxation of non-doms and advises clients on personal tax matters relating to all aspects of a company’s business life cycle. Much of the past year has been spent reassuring his many non-dom clients on the sudden tax changes of April 2017. The challenge is simplifying reams of legislation for clients for whom simplicity is an absolute priority – Nimesh said, “To be a specialist in that area you really need to know your stuff.”
Daniel describes his client base as consisting mostly of “Americans whose children speak with British accents.” This client base has been significantly buffeted in the past year with Trump’s tax reforms and the non-dom reforms in the UK, Daniel said, “The major problem with the US tax reform is that it was passed quickly, and therefore regulated badly in some areas. The reforms required immediate action without the benefit of guidance and regulation. In particular, the US tax imposed on US owners of foreign corporations has caused ‘a lot of confusion, frustration and anxiety.”
For Daniel, being a good tax adviser is “not about being the smartest person in the room – rather, it’s about understanding what the client needs to know.”