Isle of Man-based Alliance & Leicester International (Alil) is providing financial advisers and inve...
Isle of Man-based Alliance & Leicester International (Alil) is providing financial advisers and investors with a guide to help maximise tax advantages offshore as part of a broader strategy to roll out tax planning products.
The guide, called Non Resident & Offshore Tax Planning, is aimed at people living and/or working abroad or planning to; foreign nationals living in the UK,; and those planning on becoming non-resident to mitigate tax and capital gains tax.
The guide, produced in association with tax consultancy TaxCafe, includes information on the how to mitigate tax, receive tax-free lump sums when working abroad, make the most of double tax relief and the pros and cons of investing offshore.
Alil said its research found more than 45% of expatriates would have appreciated more advice on tax issues when moving abroad.
The firm is also planning to work more closely with financial advisers and possibly offer them commissions for selling its products. Alil said trust or life wrappers to help advisers with their clients" tax planning were also under consideration.
* Electronic version available at www.alil.co.im for £19.95 and includes free TaxCafe Annual Tax Advice Guide worth £19.95.
Latest news and analysis
Drip-feed. Blend. De-risk
£92bn transferred since 2015
Achievements, charity work and other happy snippets