Greg Jones looks at the suitable offshore opportunities available to mitigate UK tax and says that a little planning could go a long way
Despite the torrent of anti-avoidance legislation which has rained down upon offshore practitioners in recent years, there are still many opportunities to mitigate tax by conducting your affairs through the use of offshore entities. Whether it is actually worth it depends on the circumstances of each case: you need to take into account not only the cost and relative inconvenience of placing your assets in the hands of offshore trustees and/or company directors, but the actual tax savings may not be what they once were. UK Chancellor Gordon Brown recently proposed that taper relief in ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes