Tax protection in the UK

The use of trusts in tax planning for UK domiciliaries At one time trusts were regarded as the preserve of the super wealthy, however they are now used more widely as an effective means of sheltering wealth. It is widely known that UK resident foreigners can use offshore trusts to shelter wealth against UK tax, however the situation regarding UK domiciliaries is less well known and this article seeks to explain some of the tax-planning opportunities that do exist for them. Trusts offer relatively little protection against income and capital gains taxes for UK domiciled persons and any ...