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Offshore and International
We advise clients on how best to structure their wealth offshore, working closely with trustees and family offices in a number of jurisdictions on the establishment and ongoing administration of trust and corporate structures – including the set-up of private trust companies.
We are experts in the creation and governance of wealth planning structures meaning we can help wealthy international families preserve their wealth and ensure its safe stewardship through generations.
We advise non-domiciliaries on core UK taxes (income tax, capital gains tax and inheritance tax) and, through our membership of USLAW and TELFA, we have links with advisers in foreign jurisdictions that mean we can provide genuine multi-jurisdictional solutions.
Our team has extensive experience in cross border probate, Will drafting and asset holding structures, taking into account the succession laws of the countries concerned and estate tax implications where spouses or couples have different domiciles or citizenship.
We act for clients who are domiciled in the UK as well as many non-UK domiciliaries who are either resident in the UK, spend part of the year in the UK, have assets located in the UK or have family interests here. We provide specialist immigration and nationality advice for our clients in the UK and as members of the legal networks Trans European Law Firms Alliance (TELFA) and USLAW, we are well positioned to advise such international clients on international immigration and cross-border issues whether that is as regards succession and estate planning, asset protection or structuring UK or global investments.
How can I protect the proceeds of my business sale abroad?
Partner Camilla Wallace’s answer to the reader’s question “How can I protect the proceeds of my business sale abroad?”, has been published in the Financial Times. Click here to read… Read more →
A Nudge In The Wrong Direction From The UK’s Tax Collector?
Harriet Ballard and Matthew Braithwaite look at how HM Revenue & Customs sifts through information to chase people who it thinks owe taxes. They find a number of problems, and… Read more →
Will I be taxed in the US or the UK?
Camilla Wallace has shared her answer to a reader’s question in Financial Times, regarding whether it is possible to be a tax nomad whilst assigned on important international business. To… Read more →
The non-resident stamp duty land tax surcharge
Partner Matthew Braithwaite and Associate Andrew McIntyre discuss the non-resident stamp duty land tax surcharge and how the test for this must not be confused with the statutory residence test… Read more →
Family offices in a post-pandemic world
Over the last ten years, it has become increasingly common for families with significant wealth to use a business structure (“the family office”) to centralise and manage the family’s assets,… Read more →
QUICK BRIEF IN FIVE…
In this regular column, Solicitor Abigail Pearson gives five top tips on a range of Private Client topics. Returning to international mobility As a result of the Covid-19 pandemic, many… Read more →
THE RISING IMPORTANCE OF SOCIAL CAPITAL FOR FAMILY OFFICES
It was recently reported in the British press that bragging rights could be earned amongst ultra-wealthy families and their family offices by paying more tax, not less. For the last… Read more →
Home And Away: Working From Home, Abroad – Tax, Legal Implications- WealthBriefing
Partner Matthew Braithwaite and solicitor Jack Martin in the Private Client team have co-written an article with trainee solicitor Olivia Ufland in the Employment team for WealthBriefing. Together, they discuss… Read more →
CORPORATE RESIDENCE IN THE CONTEXT OF COVID-19
Under the UK tax code, companies that are not incorporated in the UK (non-UK companies) may be resident in the UK for tax purposes if their “central management and control”… Read more →
The Gift of Good Timing
As lockdown restrictions begins to ease, it is still not certain what the residential property market will look like. Depending on how quickly the economy can reopen, it is expected… Read more →
Wedlake Bell’s Camilla Wallace recognised as Citywealth’s Woman of the Year
City law firm, Wedlake Bell, is proud to announce that Camilla Wallace, Head of Private Client Group at Wedlake Bell has won Woman of the Year at Citywealth’s prestigious Magic… Read more →
Wedlake Bell’s insights into the issues affecting international investors and traders in UK real estate UK real estate is in high demand with foreign investors and traders. Ranking as one… Read more →
The Latest on the deemed Domicile Rules (2018) Webinar
Income Tax and Capital Gains tax have been affected by changes to the deemed domicile rules in force from 6 April 2017. This webinar will provide you with a guide… Read more →
International powers of attorney
Clients often ask us as to whether their English Power of Attorney (either a Lasting Power of Attorney – an “LPA” – or its predecessor, an Enduring Power of Attorney… Read more →
Declaring Offshore Assets? Tick it off your summer check list…
H M Revenue and Customs (“HMRC“) has launched a new regime to encourage UK taxpayers to disclose undeclared offshore assets before 30 September 2018. This also applies to trustees of… Read more →
MAJOR REFORMS TO THE TAXATION OF NON-DOMICILIARIES
On 8 September 2017, the government published Finance Bill 2017-2019 (“the Summer Finance Bill”) reintroducing the majority of the proposed reforms to the taxation of non-domiciliaries (“non-doms”) put on hold… Read more →