Services

Services for Non-Domiciles

A considerable number of our clients are domiciled abroad but resident in the UK or they have family members in that situation. As such they are entitled to the benefit of highly favourable tax treatment in the UK provided they follow certain key principles in:

structuring the ownership of their assets especially those situated in the UK which will otherwise be within the scope of inheritance tax;
establishing and operating offshore bank accounts to keep capital and income absolutely separate;
managing their capital gains; and
managing any remittances to the UK.

A non-UK domiciled individual who is or, is likely to become, UK resident should take account of these principles and organise their finances accordingly.

He or she can significantly further improve the long-term position for self and family through the use of an offshore trust which can enable tax free remittances of capital gains and continuing protection from inheritance tax.

We are highly experienced in these areas and offer a range of services designed to meet needs including the set up and administration of offshore trusts, companies and clients' banking arrangements, as well as asset protection and succession planning.

Through our international offices we can set up arrangements based on both common law jurisdictions focussing on the use of trusts or civil law jurisdictions focussing on the use of foundations. For longer-term structures of two or more years a family office may be preferential.

We work well alongside clients who have their own specialist advisers to ensure effective implementation of their plan.

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