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Advisers may need to drop clients in the aftermath of the Mehjoo case
KEY POINTS
- Mehjoo is not as limited in application as some suggest.
- Facts: a non-domiciled taxpayer would have entered into a successful scheme.
- Not just the non-domiciled who could benefit from expert advice.
- May be necessary to move some of your clients on.
Most articles about the Mehjoo case seem to start by saying that most articles about the Mehjoo case are wrong. What I mean by this recursive paradox is that commentary aimed at the professional reader claims the potential implications of the case have been exaggerated.
My conclusion is that while that may initially have been the case they are now in danger of being underplayed.
Facts
Many readers will by now know the broad outline of the case but it is important to be clear about the...
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