Your help has been absolutely splendid and is greatly appreciated by myself and everyone in the team
Michael Sampson, STM Fiduciaire Ltd
Walking The Line - Editor's Welcome
Tim Keeley BSc TEP CTA (Fellow)
Partner, Critchleys
Welcome to this our first edition of Walking the Line, which we have prepared in recognition of the wide interest that has been shown by our clients and contacts in the field of offshore taxation.
Our title is deliberately chosen, and recognises that overseas planning, properly executed and disclosed, has an entirely proper role. Foreign jurisdictions operate in an increasingly transparent environment, and we believe that planning consistent with such transparency should not be maligned.
It does however mean that the boundaries of legitimate planning must be carefully defined. It is not only tax evasion which crosses such boundaries but also innocent actions which may cause unexpected liabilities to arise.
Our aim is to assist in defining this path, hence our choice of title.
We hope that you will find this first edition of interest, and it remains for me to thank the members of our team who have generously contributed to its content.
For more information on each of our authors and the wider Offshore Trusts team, see our team sheet here.
If the content is of interest or, you would like to discuss any area of offshore taxation please contact us.
Please select the articles you would like to read by selecting the links below:
Life Policies – an alternative to the remittance basis?
Tim Keeley discusses the impact of the changes to non-UK domicile taxation
The Hastings-Bass principle
Pamela Chatterjee covers the Hastings-Bass principle including some interesting case studies
Leaving the UK – God Bless the EU?
Tim Keeley details the issues involved in becoming non-domiciled
Bits & Pieces
Melanie Maycroft provides topical pointers including:
Possible further changes for taxation of non domiciliaries
Capital payments from offshore trusts to UK resident beneficiaries
Beware foreign currency bank accounts