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.

Our Insights

"They are very knowledgeable about the art and heritage sector and whenever you deal with them you feel very confident they know what they are doing and can deal with any matters we put in front of them."
Chambers HNW, 2020
×