Tag Archives: Inheritance Tax

The Benefit of Offshore Trusts

The Benefit of Offshore Trusts

For many years UK taxpayers benefitted greatly by transferring (settling) their assets in offshore trusts, but increasing ant-avoidance legislation has led people to believe that there is no point in using an offshore trust any more.
Whilst it is true that the tax advantages are no longer as good and they once were the fact is [...]

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Domicile – Having Your Cake and Eating It

Domicile – Having Your Cake and Eating It

International businessman Robert Gaines-Cooper has failed to persuade the Court of Appeal that he has changed his UK domicile.
We read a lot in the UK press about “non-doms” and how they don’t pay their fair share of tax. Recent legislation has made it more difficult for “non doms” to benefit but as usual the only [...]

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What Is Inheritance Tax?

What Is Inheritance Tax?

Inheritance Tax (IHT) is probably not at the forefront of most people’s minds. However given the relentless rise in UK property prices over the past few years (and even allowing for the current, probably short term price drops) many individuals and couples are likely to find that they have been pushed over the current threshold. [...]

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