People have made use of trusts for centuries because trusts have the benefit of not only being tax efficient but an extremely effective way to protect an individual's assets for their intended heirs.
Tax law has changed significantly over the past decade, and some of the tax benefits of setting up trusts have been removed, however the wealth protection benefits remain.
We understand that changing tax laws can be daunting, but it is our job to make it as simple and straightforward as possible so that our clients do not have to worry about it.
We offer a well rounded tax planning and tax compliance service both to trustees or beneficiaries of an existing trust and to individuals wishing to set up a trust. We work with professional and private trustees to assist them with their tax compliance and administrative obligations.
Offshore trusts can still be highly effective for non-UK domiciled individuals, however there have been significant anti-avoidance changes in recent years, which require careful consideration before setting up an offshore trust in order to get the structure right, or when dealing with an existing trust. Our experts can lead you through the complexities, ascertaining the tax exposure, minimising the tax and penalties and helping with reporting obligations and record keeping.