Taxation for International Clients
We have a wealth of experience advising international individuals on their personal and business connections to the UK.
This includes advising on:
The UK tax implications of relocating to the UK, including considering the application of the UK’s statutory residence test and the highly favourable remittance basis of taxation
Explaining the tax planning that can be carried out before relocating to the UK to take advantage of the remittance basis of taxation
The UK taxation and administration of offshore structures, particularly where such structures hold UK assets or have UK resident beneficiaries
The corporate and individual taxation relating to the ownership and structuring of UK companies
Estate planning where clients have assets in multiple jurisdictions, including preparing Wills and administering international estates and coordinating legal and practical advice across jurisdictions to ensure planning is joined-up.
Recent Work Has Involved
Advising a high net worth individual on pre-arrival planning before becoming tax resident in the UK, including advice relating to the remittance basis, the tax efficient investments in the UK, the taxation of non-UK trusts and management and control issues in relation to non-UK companies;
Designing the most efficient ownership structure for a client to hold valuable UK real estate;
Comparing asset holding vehicles (such as trusts, foundations and family investment companies) and the possible jurisdictions in which to create such assets holding structures for a client with connections to multiple jurisdictions;
Advising a very private internationally mobile family on the transition of wealth deriving from a successful, well-established business to the next generation, using a simple structure to promote the family’s agreed objective to preserve and enhance ‘legacy’ assets for the benefit of future generations; and
Advising a client with assets in multiple jurisdictions, including drafting cross-border wills and liaising with local lawyers in multiple jurisdictions to ensure the estate planning was effective.
