BUDGET KEY FACTS CORPORATE TAX No change to corporate tax rate of 12.5%. Audit threshold increased from £1,250,000 to £1,500,000 for periods ending on or after 1 July 2022. Additional deduction marketing allowance of 50% announced in previous Budget to be…
Abacus leads as a progressive employer
From product evolution to cutting edge technology, Abacus is leading the way in Gibraltar as a major innovator and investor in the future of its clients and its people. We have found in recent months that many of our competitors are…
Adrian T Mansfield takes a look at how the trustee can become the trusted advisor and take on a positive role in wealth management
This is the predicament, which many trustees find themselves contemplating, and ultimately reflect on their client situations. We understand that clients are rightly demanding; they all have high standards, and they have their pressures to respond to. Making this more complicated…
Investment Bonds and Pensions- Illegal? No. Immoral? Certainly.
In the time I have been advising clients on their existing pension structures, I have noticed an equally surprising and worrying trend – the use of investment bonds within international pensions, specifically QROPS. A QROPS is a Qualifying Recognised Overseas Pension…
Are you considering relocating to Gibraltar?
Abacus provides a full relocation service to individuals whether they are relocating for lifestyle, to be closer to family, tax efficiency or employment purposes. Firstly, can you enter Gibraltar without a visa? See Gibraltar Borders & Coast Guard Agency – Visa…
A word from our CEO
With the echo of Auld Lang Syne a fading memory, I write as we are told we seem to be coming to the end of the pandemic. Of course, Auld Lang Syne means “times long past” and, goodness, don’t we all…
Retirement planning: Investing in UK property
Most affluent clients understand the tangible and intangible benefits of property investment. Despite the inherent risks of investing in “bricks and mortar”, property acquisitions remain a very popular asset class. Simple to understand, yet complex to determine their optimal holding structure….
Free up valuable company time by outsourcing your payroll to us today!
Payroll services – blog Our payroll services allow you to focus on the important aspects of your business and its growth. Leave the routine and tedious administration of payroll to be actioned by us! At Abacus our team will ensure that…
Recap – Gibraltar 2020/2021 Budget Update
On the 20th July 2020, The Government of Gibraltar released the budget for 2020/21. There were several amendments and changes which have been met with mixed reviews from the public and opposing party. The Chief Minister claimed this was ‘the hardest…
Trusts: Pandemic to pent-up prosperity
After almost eighteen months of living through a global pandemic and a huge slump in economic growth, we seem to be seeing some light at the end of the tunnel. One unforeseen consequence of all the lockdowns is that as individuals,…