.png)
.png)
Offshore trusts: are they still shipshape, or have they been fatally holed below the waterline, asks LOUISE SOMERSET
KEY POINTS
- Offshore trusts are still a useful planning tool.
- A UK domiciliary can use an offshore trust to defer inheritance tax.
- Non-doms can use an offshore trust to invest worldwide tax efficiently.
- Why make a rebasing election?
- Trusts have advantages other than just tax ones.
The last year has been an interesting period for those of us who are involved with offshore trusts. Between January and March many thought that such trusts had been holed beneath the waterline and were advising their clients to bail out with all haste.
In the event the damage inflicted by the legislation introduced in the Budget on 12 March and finalised in the Finance Act 2008 was less severe than had been feared and far from sinking without trace offshore trusts...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
