Despite what the media might sometimes have you believe, offshore trusts continue to form part of the legitimate tax planning strategy required for many international families. Indeed, the April 2017 changes to the non-dom regime will mean that the use of a “protected trust” for many individuals who will become deemed domiciled under the new rules will, in effect, be government sanctioned tax planning!
Charter Tax is well known in the offshore trust industry for providing high quality, effective advice for trustees as well as for settlors & beneficiaries.
Janet regularly sits on HMRC consultation groups dealing with such matters as (historically) the new statutory residence test, the ATED charge, the non-resident capital gains tax charge and, more recently, the April 2017 changes to the rules for non-doms and IHT on UK residential property. Janet’s work on this group is symptomatic of the significant investment that we believe it is right for our firm to put into being at the absolute forefront of these changes; that way we can always give the best, most current advice to our clients.
Offshore trustees will probably feel that every year there is a tax law change affecting them – and they’re right! But with Charter Tax on your team we can work with you to ensure that your obligations as trustees are fulfilled and the best solution is achieved for trustees, settlors and beneficiaries alike.