ASIA ADVISORY SERVICES GROUP | BDO PRIVATE CLIENT SERVICES 06
HOWWE CAN HELP PROTECTINGWEALTH
HOWWE CAN HELP We can help both existing and new trust structures with many different aspects, including the following:
X Managing compliance, all aspects of governance and the scope of liability to UK tax of the settlor, trustees and underlying entities. This includes the available reliefs to mitigate tax liabilities and all associated compliance and reporting requirements such as accounting, financial statements and obligations under regulations such as FATCA and CRS. X Guidance on the tax implications of investments, loans or holding UK real estate and considering the impact of anti‑avoidance legislation. X Providing input on the optimum structure for bank accounts/ investment portfolios and ongoing review of income and capital gains in the settlement. X Advising on trust governance and how trusts may form part of a wider family wealth strategy. X Preparing non-UK resident or ‘formerly UK domiciled resident’ settlors or beneficiaries for a move/return to the UK. This includes winding up or restructuring existing trusts. X Advice on the ‘protected trusts’ regime introduced in April 2017 and guidance to avoid ‘tainting’ the settlement once the settlor becomes deemed domiciled in the UK. X Inheritance tax matters in connection with assets transferred to the trust and held/distributed by the trustees including changes to the definition of ‘excluded property’ from April 2017. X Succession planning with reference to the assets of the settlement and the entitlement of beneficiaries as regards income and capital. X Advice on distributions or other extraction of funds from the settlement and associated tax implications.
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