Find a better way to protect your wealth
The prospect of putting your wealth at risk and overpaying tax can quickly turn into an unfortunate reality for those that don’t mitigate their liabilities. We’re here to help you determine whether an offshore trust is the right structure to safeguard your assets, as well as evaluating alternatives.
How can our offshore trust advisers help?
Structuring via an offshore trust advice
We guide our clients through the intricacies of structuring an offshore trust, always with their financial objectives in mind.
UK tax implications of offshore trusts
Our tax experts can help you navigate the complex tax regulations around offshore trusts, ensuring that you remain fully compliant with the latest laws and never overpay on tax.
Inheritance Tax implications specific to offshore trusts
We create strategies to minimise inheritance tax liabilities and ensure a seamless transfer of wealth to your loved ones.
UK tax advice to UK resident beneficiaries and settlors
Our advisers can ensure that all beneficiaries fully understand their rights and responsibilities, giving you complete peace of mind over your trust arrangements.
Advice and support to trustees
We can also provide support to trustees with their compliance needs such as computing stockpiled gains, dealing with UK tax returns whether for income tax purposes or inheritance tax 10-year charges.
Trust Registration services
We take the stress out of the trust registration process and are always on hand to help you make any necessary adjustments over time. Visit our Trust Registration page for more information.
Get in touch
If you’re currently considering setting up an offshore trust, it’s never too early to discuss your situation with an expert to find out whether this type of structure could benefit you.
At Gerald Edelman, we build long-lasting relationships with our clients that are based on trust and complete transparency over cost. We also understand that confidentiality is crucial in this area; not just for you personally, but also your family and business affairs.
We’d be happy to arrange a free consultation – simply fill in the enquiry form or call us on the number below.
Call us+44 (0)20 7299 1400
Get in touch
Our Offshore Trusts Team
Why choose us
Why Gerald Edelman
Our specialist Offshore Trust team draws on decades of experience supporting individuals and corporate entities through the process of establishing and maintaining trust arrangements.
From asset protection and privacy to inheritance planning and international diversification, there are many benefits to be gained by setting up offshore trusts and similar tax-efficient structures. Many of our clients use these structures as a way to shelter assets from a portion of UK taxation, creditors and other financial risks, whilst also taking advantage of opportunities for tax-free reinvestment.
It’s important to note that offshore trusts come with a range of complex legal and financial considerations. There’s no substitute for the guidance of an experienced adviser when it comes to registration, estate planning and ongoing compliance with local and international laws. All of this is essential to mitigate your exposure to Income Tax, Capital Gains Tax and Inheritance Tax.
Frequently asked questions
What is an offshore trust?
An offshore trust is a legal arrangement established in a foreign jurisdiction, typically one with favourable tax and legal regulations. In this arrangement, a trustee holds and manages assets on behalf of beneficiaries according to the specific terms of the arrangement.
Are offshore trusts legal?
Yes, offshore trusts are completely legal when established in accordance with the laws and regulations of the relevant jurisdictions. However, engaging in illegal activities such as tax evasion or money laundering through offshore trusts can result in severe legal consequences. Consulting with an experienced trust specialist is the best way to ensure compliance with both local and international laws and regulations.
How are offshore trusts taxed in the UK?
Offshore trusts are subject to complex rules designed to prevent tax evasion and ensure fair taxation. Generally, offshore trusts are subject to Income Tax, Capital Gains Tax and Inheritance Tax – though this depends on the specific circumstances and how the trust is structured. The residence and domicile status of the settlor, the nature of the assets in the trust and the timing of distributions to beneficiaries are all variable factors.