Articles and Publications
Newsletter

Welcome to the Finesco pressroom. For more information about any of the articles below simply follow the links at the end of each article or give us a call on 0141 332 3113.


Law Society of Scotland – Live Webinar 23rd August 2017

Fact finds, balance sheets and inventories

Do you have a robust system for regularly reviewing wills?

This convenient 1 hour live webinar event on the 23rd August 2017 see’s Finesco’s John Douglas explore how preparing a will review summary of all assets within the Chargeable Estate in a ‘draft inventory’ form can assist with consideration and re-evaluation of the extent of any existing IHT issues.

Why should I watch?

After this session you will be able to:
• Identify the importance of utilising a robust system for will reviews
• Understand how to prepare a draft inventory assessment and indicative IHT calculation
• Utilise possible solutions to mitigate any existing IHT issues:-
o The use of the capital exemptions
o The 7 year rule
o Loan Trust and Discounted Gift Trusts
o The much underused Gift Out of Income rule: school fee planning and Junior ISAs for grandchildren
o The 2 year gifting period: Enterprise Investment Schemes and Business Property Relief structures
o Family Investment Companies

This event will bring you up to speed with the latest thinking and will also equip you with valuable knowledge to add value to your client proposition. This webinar is aimed at experienced practitioners who advise private clients on inheritance tax matters.

Please view the webinar details and registration information here

John Douglas can be contacted by telephone on 0141 332 3113 or by



Raoul Ruiz Martinez Podcast - Money Minute on Kiss FM 95.8 Algarve every Tuesday, Wednesday & Thursday

image Listen to Finesco's Raoul Ruiz Martinez's latest Money Minute Podcast's from the Kiss FM Breakfast show here. Raoul also has regular radio appearances with Raoul's Rant on the Owen Gee Solid Gold Sunday show. To Contact Raoul please click

With Season's Greetings and Best Wishes for the New Year 2016 From All at Finesco

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With Season's Greetings and Best Wishes for the New Year 2015 From All at Finesco

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Finesco celebrates its 30th anniversary 1984 - 2014

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For those around at the time, a lot happened in 1984, remember the Los Angeles Olympics.  No?  Back then we only won 5 golds despite the fact that the Soviet Union (as we used to call them) boycotted the games along with 13 of their communist allies.

1984 was important economically too.  The Thatcher years were in full swing, we had the controversial miners strike and Mr Reagan was re-elected for four more years.  In investment terms, 1984 will be remembered primarily for two things, the birth of the most popular and widely used UK stockmarket indicator, the FTSE 100 Index and, of course, Finesco was founded.  Since then, in a world of momentous social, technological and economic change, Finesco has prospered thanks to our longstanding client base now extending to several corporate and family generations and a loyal and professional administration and consulting team.

We would like to thank all of you for helping towards this remarkable achievement and we look forward to the years ahead which we know will be challenging and rewarding for us all.



With Season's Greetings and Best Wishes for the New Year 2014 From All at Finesco

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Scots Law - Private Client Conference 29th October 2013

On the 29th October 2013 Finesco's John Douglas will be speaking at the prestigious Private Client conference at Murrayfield Stadium Conference Centre in Edinburgh.

This conference will provide a thorough round-up of current private client issues and after attending this conference delegates will have an understanding of current developments relating to

• the use of trusts in wills

• capital tax planning for private clients

• the family home and care fees planning

• valuations for tax purposes

• property issues on splitting up

• contentious trusts and executries

Please view the conference brochure for further information Scots Law Private Client Brochure

For further details or to submit a booking request please visit the Private Client at Scots Law 2013 website.

John Douglas can be contacted by telephone on 0141 332 3113 or by email

Raoul Ruiz Martinez Podcast - Money Minute on Kiss FM 95.8 Algarve every Tuesday, Wednesday & Thursday

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Listen to Finesco's Raoul Ruiz Martinez's latest Money Minute Podcast's from the Kiss FM Breakfast show here.

Raoul also has regular radio appearances with Raoul's Rant on the Owen Gee Solid Gold Sunday show.

To Contact Raoul please click



With Season's Greetings and Best Wishes for the New Year 2013 From All at Finesco

'Alpine Sunset' taken by Fred Carrick of Finesco image

With Season's Greetings and Best Wishes for the New Year 2012 From All at Finesco

'Rough Bounds of Knoydart' taken by Fred Carrick of Finesco image

Is 75 the New Middle age?, BBC Scotland, Monday 21st March 2011

On Monday 21st March 2011 Finesco’s John Douglas took part in BBC Scotland’s TV Documentary on Financial Advice issues arising from Living Longer “Is 75 the New Middle age?”

This programme featuring John can be watched on the BBC iPlayer at http://www.bbc.co.uk/iplayer/episode/b00zq2tx/Is_75_the_New_Middle_Age/ where it will be available until 28th March 2011.

John can be contacted by telephone on 0141 332 3113 or by email



With Season's Greetings and Best Wishes for the New Year From All at Finesco

"Winter Berries" taken by Fred Carrick of Finesco image

Finesco does Wear It Pink for Breast Cancer Friday 29th October 2010

Finesco will be taking part in wear it pink day this year on October 29th 2010 to help funding to find a cure for breast cancer.

Breast Cancer Campaign uses all wear it pink donations to fund innovative, world-class research throughout the UK and Ireland to understand how breast cancer develops, leading to improved diagnosis, treatment, prevention and cure.

For more information about this campaign please visit http://www.wearitpink.co.uk



Capital Gains Tax Article between Finesco’s Jim Dowds and the Heralds Ruth Allen

Glasgow Herald Article 8 May 2010

It is estimated by the Adam Smith Institute that if the average person works from January each year, it will be May before they have earned enough to pay their Income Taxes.

“This is a sobering thought,” says Jim Dowds of Finesco Financial Services. “So it makes sense to take whatever steps are possible to keep more of your income for yourself.

“For instance, most people don’t make full use of their allowances - Capital Gains Tax (CGT) being a good example. We can each receive £10,100 in capital gains every year without paying a penny in CGT.  For a married couple, this means £20,200!

“For most people this involves reviewing your shares and other investments and selling sufficient to use your allowance each year.  The assets don’t even have to belong to you.  If you are married, you can transfer assets in your name to your husband or wife (or civil partner) without having to pay CGT and they can then use their allowances as well.

“Capital gains realised in this way can be spent as extra ‘income’ or reinvested, but there are some reinvestment rules to watch out for.  A neat way to double up on your allowance is to sell assets up to the CGT allowance of £10,100, and then reinvest the proceeds into an Individual Savings Account (ISA).  Sometimes called the ‘Bed and ISA’ approach, it uses your current CGT allowance to save tax today and the ISA allowance to save tax in the future.

“In an ISA, all gains are tax-free and you don’t have to pay any further Income Tax.  There is no need even to declare an ISA on your Tax Return.

“With Income Tax rates at up to 50% (and National Insurance on top in some cases) compared to CGT at just 18%, even if you exceed the CGT threshold, the rate of tax you pay is much lower.  Assets which are taxed under the CGT rules as opposed to Income Tax rules are thus becoming worthy of greater scrutiny.

“This approach is not for everyone though.  Assets subject to CGT are often more risky, and have to be held for longer before gains materialise.  Naturally, the risk could mean that such assets produce losses rather than gains, an unpalatable fact which must be borne in mind.”

For advice, contact Jim Dowds of Finesco Financial Services Ltd., 0141 332 3113



Money Box Live, BBC Radio 4. Wednesday 3 March 2010

On Wednesday 3rd March 2010 Finesco’s John Douglas took part as a guest panelist on Money Box Live. John and the panel answered a range of questions from listeners on ISA’s and Tax Free Savings put to them by its host, Vincent Duggleby.

Moneybox was named Best Radio Programme at the 2008 Voice of the Listener and Viewer Awards.
BBC Radio 4’s Money Box is broadcast on Saturdays at 1204 GMT/BST and is repeated on Sundays at 2102 GMT/BST.
Their phone-in programme, Money Box Live, is broadcast on Wednesdays at 1502 GMT/ BST on BBC Radio 4 and on-line they can be found at http://www.bbc.co.uk/moneybox/. Their 3rd March programme featuring John can be listened to on the BBC iPlayer at http://www.bbc.co.uk/iplayer/money_box_live where it will be available until Wednesday 10th March.

John can be contacted by telephone on 0141 332 3113 or by email



2010 Portugal Tax Seminars

Expatriate Portuguese tax specialists, euroFINESCOs.a., held their annual round of tax seminars in the Algarve, alongside the Association of Foreign Property Owners in Portugal (AFPOP) in January and early February this year which covered the 2009 tax year.

This was the 14th year of this annual event and euroFINESCO provided delegates with information that would help them to remain, or become, compliant for tax purposes in Portugal and answered questions from those present about how tax legislation in Portugal affects them. The final seminar was held at the impressive and recently restored Estoi Palace in the central Algarve on Wednesday 3rd February 2010.

If you would like a free electronic or hard copy of the official euroFINESCOs.a. 2009 personal income (IRS) tax book please let us know.



Finesco's John Douglas on Radio 4's "Money Box"

On Wednesday 14 October 2009 the prestigious Money Box radio program took its popular show to Glasgow’s Buchanan Galleries and to broadcast live with its host, Paul Lewis. 

Moneybox put together a team of leading financial experts including our own John Douglas who is well versed in media matters having frequently appeared on television and radio, most recently on the BBC Scotland’s Fred Macaulay Show. 

John and the panel answered a range of questions sent in by listeners on savings, investments and pension planning.

Last year Moneybox was named Best Radio Programme at the 2008 Voice of the Listener and Viewer Awards.
BBC Radio 4’s Money Box is broadcast on Saturdays at 1204 GMT/BST and is repeated on Sundays at 2102 GMT/BST.
Their phone-in programme, Money Box Live, is broadcast on Wednesdays at 1502 GMT/ BST on BBC Radio 4 and on-line they can be found at http://www.bbc.co.uk/moneybox/. Their 14th October programme featuring John can be listened to on the BBC iPlayer at http://www.bbc.co.uk/iplayer/money_box where it will be available until 21 October.

John can be contacted by telephone on 0141 332 3113 or by email



Investment Review Interview between Finesco's Keith Miller and the Herald's Ruth Allen.

It is has been just over a year since the term ‘credit crunch’ first became newsworthy.  Coupled with falling house values, rising inflation, household bills and oil prices, the short term economic picture is gloomy. 

“The key phrase however is ‘short term’,” says Keith Miller of Finesco Financial Services. “Even now focus has shifted from the severe financial crisis - Northern Rock, etc - towards inflation, where central banks in the UK, US and overseas have taken fiscal and economic measures to combat rising prices.  It is essential that they do so; inflation is the biggest fear and, even at relatively modest rates of 4%-6%, it can quickly erode the value of investments, income and pensions. 

“Cash interest rates, following the deduction of tax, are unlikely to be making money in real terms. Fixed interest securities, a traditional safe haven in difficult economic climates, have also been going through a rough patch due to concerns over inflation and solvency. 

“Property, both commercial and residential, has suffered over the past year or so. To some extent this reflects sentiment rather than just falling prices.  When sentiment turns negative, the transaction volumes shrink to insignificant levels so it’s difficult to get a feel for what the underlying values are actually doing.  Nonetheless, it’s clearly been a difficult period and should remain so over the shorter term, at least.”

However, over the longer term, the gloom will not last forever and there are already signs of better times ahead, according to Miller.  “For pension and private investors it is important to focus on the longer term strategy and not to be swayed by short term sentiment.  With economic cycles, there will always be good and bad experiences throughout an investment term, and the patient, properly advised investor is well placed to benefit from the market upturn when the cycle turns positive.

“A strong investment portfolio will be diversified and contain exposure to a range of asset classes designed to behave differently. The blend of cash, equities, bonds and property depends on several factors not least the investor’s attitude to risk, financial aims and objectives but also current prevailing conditions. 

“The review process in any financial plan is vital and this is a key area where an independent financial adviser can assist.”



Finesco celebrates its 25th anniversary

For those around at the time, a lot happened in 1984, remember the Los Angeles Olympics.  No?  Back then we only won 5 golds despite the fact that the Soviet Union (as we used to call them) boycotted the games along with 13 of their communist allies. 

1984 was important economically too.  The Thatcher years were in full swing, we had the controversial miners strike and Mr Reagan was re-elected for four more years.  In investment terms, 1984 will be remembered primarily for two things, the birth of the most popular and widely used UK stockmarket indicator, the FTSE 100 Index and, of course, Finesco was founded.  Since then, in a world of momentous social, technological and economic change, Finesco has prospered thanks to our longstanding client base now extending to several corporate and family generations and a loyal and professional administration and consulting team.

We would like to thank all of you for helping towards this remarkable achievement and we look forward to the years ahead which we know will be challenging and rewarding for us all. 






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