Growing demand foradvice on tax

Changes to capital gains tax (CGT) for UK residents may have removed some of the attractions of offshore trusts but demand for tax planning remains undiminished. For international finance centres such as the Channel Islands and the Isle of Man, the focus is becoming ever more international and advisers are increasingly reliant on knowledge of more than one jurisdiction. During the 1980s and early 1990s, the offshore trust industry saw a surge in demand from UK residents. This was largely driven by clear opportunities to defer or avoid CGT on rapidly appreciating assets, such as pre-...