News – 04.10.24
Buzzacott advises Tollring shareholders on strategic partnership with Amity Solutions
Learn how Buzzacott advised Tollring shareholders on strategic partnership with Amity Solutions … Read more
Insight – 04.10.24
Autumn Budget: How could this affect your finances?
With the Autumn Budget fast approaching, many are concerned about the impact it may have on their finances. … Read more
Upcoming event – 12.11.24
VAT, tax and financial update for Housing Associations
Join us for a VAT, tax and financial update for Housing Associations … Read more
Find us quickly
130 Wood Street, London, EC2V 6DL
enquiries@buzzacott.co.uk T +44 (0)20 7556 1200
Published by Globe Law and Business, this is the fifth edition of Trusts in Prime Jurisdictions. As a Partner in Buzzacott’s Private Client team, Maggie and her team specialise in the UK taxation of offshore trusts and structures, their settlors and beneficiaries and non-doms generally.
With over 25 years’ experience in the private client field, this chapter draws on Maggie’s wealth of expertise to explain the complexities of the UK’s tax legislation for offshore trusts. Entitled ‘the UK tax treatment of offshore trusts’, the chapter explores the UK’s extensive anti-avoidance legislation as it applies to different types of offshore trusts, covering income tax, capital gains tax and inheritance tax. It also takes a look at how the domicile status of UK resident beneficiaries and settlors can affect their liabilities for UK taxes arising from their connections with an offshore trust.
“The offshore trust has proved a popular tool for financial planning in the United Kingdom – not only to minimise the incidence of UK tax on income, gains and assets, but also to provide financial security for the settlor’s family.” To keep reading, follow the link below for an extract from the chapter.
The UK tax treatment of offshore trusts - chapter extract
Published by Globe Law and Business, this is the fifth edition of Trusts in Prime Jurisdictions. As a Partner in Buzzacott’s Private Client team, Maggie and her team specialise in the UK taxation of offshore trusts and structures, their settlors and beneficiaries and non-doms generally.
With over 25 years’ experience in the private client field, this chapter draws on Maggie’s wealth of expertise to explain the complexities of the UK’s tax legislation for offshore trusts. Entitled ‘the UK tax treatment of offshore trusts’, the chapter explores the UK’s extensive anti-avoidance legislation as it applies to different types of offshore trusts, covering income tax, capital gains tax and inheritance tax. It also takes a look at how the domicile status of UK resident beneficiaries and settlors can affect their liabilities for UK taxes arising from their connections with an offshore trust.
“The offshore trust has proved a popular tool for financial planning in the United Kingdom – not only to minimise the incidence of UK tax on income, gains and assets, but also to provide financial security for the settlor’s family.” To keep reading, follow the link below for an extract from the chapter.
The UK tax treatment of offshore trusts - chapter extract
Produced in association with STEP, this edition provides an essential resource in the use of trusts in a wide range of important jurisdictions and contexts. It also examines related topics such as trust taxation, anti-money laundering laws, the OECD initiative, the Common Reporting Standard (CRS), exchange of information, transparency of registers and the notion that countries are entitled to collect taxes beyond their borders, among others.
Written by leading professionals and recognised academics, many of whom are STEP members, the fifth edition of Trusts in Prime Jurisdictions will be an essential resource for all lawyers, trust practitioners and banking professionals working in the field.
To purchase the fifth edition of Trusts in Prime Jurisdictions please click here.
20% discount for STEP members - email Nicola Hornsby on nicola@globelawandbusiness.com with your membership number to obtain your discount.
Read the STEP Journal's review of Trusts in Prime Jurisdictions, and why it's particularly useful to both advisers and clients, with special mention of 'The UK tax treatment of offshore trusts' chapter by Maggie Gonzalez.
Read the STEP Journal's review
Looking for more information? If you have a query about offshore trusts, or any of the other topics mentioned in this article, please fill in the form below and one of our experts will be in touch.
We use necessary cookies to make our site work. We’d also like to set optional analytics and marketing cookies. We won't set these cookies unless you choose to turn these cookies on. Using this tool will also set a cookie on your device to remember your preferences.
For more information about the cookies we use, see our Cookies page.
Please be aware:
— If you delete all your cookies you will have to update your preferences with us again.
— If you use a different device or browser you will have to tell us your preferences again.
Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
Analytics cookies help us to understand how visitors interact with our website by collecting and reporting information anonymously.
Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.