Do you need help with cross-border tax matters?
In a globalised world, businesses and individuals must work and operate seamlessly across borders.
Many organisations operate in multiple countries and view international expansion as a strategic objective. International mobility of individuals is increasingly commonplace and indeed vital, and with it comes challenges and risks, as well as opportunities. With frequently changing international tax regulations, an effective, well-thought-through, and compliant international tax structure is critical to a business’s needs and to mitigate an individual’s global tax bill.
Gerald Edelman has an international tax team that offers a personal service and works together with you to create a strategy that addresses the complex challenges of international tax. For example:
Pre-arrival tax planning – we can help you to understand how the timing of your arrival in the UK can affect your tax liabilities, as well as advising where best to place your assets, both geographically and in terms of the nature of investments. We deal with matters such as residence and domicile issues, segregation of funds, choosing between the use of the remittance basis and the arising basis for UK tax purposes. Inheritance Tax planning is also considered at this stage to ensure careful protection of worldwide wealth for future heirs. There is potential for significant tax saving but also for unnecessary taxes, so advice and planning prior to arrival in the UK is absolutely essential.
Post-arrival implementation – upon your arrival in the UK, we can advise you on how you will be taxed in the UK on income, on gains and on death, as well as how best to remit monies into the UK We can ensure that you are correctly registered for UK tax, follow through on the completion of your annual tax returns and, importantly, ensure that you are compliant with all necessary UK tax disclosures.
Property taxes – our team can provide expert knowledge of all taxes related to land and property, in addition to advice on onshore and offshore structuring. We have broad experience in dealing with the complex and often unexpected issues relating to Stamp Duty Land Tax, Capital Gains Tax, Annual Tax on Enveloped Dwellings (ATED) and Inheritance Tax. We provide support on Income Tax for non-resident individuals, companies, trusts and other relevant property structures.
Corporate taxes – we advise on Structuring/Restructuring, Transfer pricing issues, Controlled Foreign Corporation issues, Permanent Establishment issues, Base Erosion and Profit Shift along with the OECD model convention, Intra Group Transfers, Mind and Management issues, Holding company regime and Cross border VAT.
The team also has vast experience in double tax agreements as applicable to both individual and corporate situations and regularly helps our clients to avoid being taxed twice.
Multi-jurisdictional tax matters require specific guidance from several countries, so through our international association, XLNC, we proactively co-ordinate with our local colleagues to provide cohesive advice, and to ensure the effectiveness and suitability of a proposed structure across the relevant countries.
If you would have any questions or would like an initial informal chat, please get in touch with one of our team.