Finance

The total wealth of the world's wealthiest fell by 1.7 per cent in 2011 - the first drop since 2008 - whilst the total number of HNWs (individuals with over $1m investable) rose by 0.

The Scottish government has announced plans to replace SDLT with a new progressive system that would see buyers of higher-value properties paying a significantly higher tax rate.

PwC and Deloitte have commented on the government's current consultation on a new annual charge on prime resi properties owned by ‘non-natural’ persons, and a proposed extension of capital gains tax.