There may be opportunities to mitigate UK taxation through careful planning. Capital gains tax, for example, is subject to a number of reliefs. Prudent structuring, prior to the disposal of assets, whether by gift or sale, may bring the level of tax down to an acceptable level.
For our international clients, careful planning through wills, trust structures, companies, and the use of double tax treaty provisions can ensure that individuals who are taxable in more than one jurisdiction are able to mitigate their liabilities and avoid double taxation. Our practice is focused on advice on the re-structuring, modernisation and simplification of our clients’ global wealth structures to provide optimal tax treatment.
We have a wide range of professional contacts in areas which are familiar offshore tax jurisdictions, particularly Bermuda, Cayman, Switzerland and the Channel Islands. Whether we work with these contacts or our clients’ own advisers, a detailed knowledge of offshore jurisdictions allows us to set up the most flexible and efficient structures for our clients.
We also work with a number of professional firms, financial institutions and trustees in jurisdictions with complex taxation regimes such as the USA and Canada. In working with these contacts, we have developed extensive knowledge of the issues that arise in cross-border tax planning.
"Sinclair Gibson understands its clients' unique requirements and circumstances and is able to tailor its advice. This is mainly due to the team's knowledge of the wider legal and tax system."
Chambers HNW 2024