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Offshore Trusts and Taxation

Providing you with professional advice surrounding offshore trust legislation

We can help you understand how your personal UK taxes are affected. We also help offshore trustees and other professional service firms with advice in these complicated areas.

Our Offshore Trust Taxation Service

An offshore trust is defined as a trust where the majority of trustees are based in an offshore jurisdiction. Creating an offshore trust can be an efficient way of protecting and transferring your wealth, but there are UK tax consequences for the unwary. This can include Income Tax, Capital Gains Tax (CGT) or Inheritance Tax and sometimes all three.

If you are a beneficiary living in the UK, it is important that you understand that the actions taken by overseas trustees may have direct UK tax consequences for you. This can be simply because of the type of investment profile, which results in adverse tax charges in the UK or because trustees accidentally trigger a CGT charge on a beneficiary. Managing the UK tax consequences of an overseas trust is therefore an important responsibility for the professional trustees based offshore.

The services we can provide you include:

  • Advice on setting up an overseas trust prior to your arrival in the UK
  • Advice as to the creation of overseas trusts, where it is appropriate
  • Record keeping and compliance for the beneficiary or the trustees
  • UK tax advice to beneficiaries of an overseas trust
  • UK tax advice on winding-up an overseas trust

Our specialist advice can help you protect and transfer your wealth on a range of matters, from planning a tax efficient distribution of funds, through to considering the UK tax implications of the trustees owning a UK property within a corporate structure.

Offshore Trust Specialists

Meet our people >

Why work with us?

Our private client team is one of the top accountancy firms for private client in the UK.

  • Cross Team Expertise
    Cross Team Expertise

    We offer you a truly joined-up service, with both our financial planning and private client tax working together to give you the best possible advice

  • Industry Recognition
    Industry Recognition

    Tolley's Taxation Awards 2019 Best Private Client Practice Finalist

  • International Reach
    International Reach

    We are a founder member of The International Accounting Group (TIAG)

  • Accessibility

    Four Offices: London, St Albans, Rickmansworth and Milton Keynes