20 November 2018

Offshore income gains and “not-so-protected” settlements: an unwelcome announcement from HMRC

HMRC has surprised many with a statement that the government does not intend to remedy a defect in the tax treatment of offshore income gains arising in non-resident trusts.

In this briefing we explain what has happened, what to do if you are affected, and reflect on what might happen next.

"They are very competent and very experienced contentious trusts solicitors, with a number of partners who are experienced in this field. They take a sensible approach to litigation."
Chambers UK, 2017
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