Guernsey

The taxation of non-UK resident Trusts is notoriously complicated and this has been made all the more so with various changes introduced over recent years.
 
Despite numerous changes, the offshore trust market remains healthy.  More than ever it is important for Trustees to understand and know the tax status of any Trust under their administration.  This is particularly so whenever Trustees are faced with potential exposure to the UK tax regime, either directly as Trustees or indirectly by way of the settlor or beneficiaries.
 
It is not always clear of what the UK tax impact may be of a particular course of action.  The devil is most definitely in the detail, but so may also be the potential solution.
 
If you would like assistance in managing the “tax devil”, please contact
 
Mark Stone
mark.stone@bdotax.gg
 
Jane Le Maitre
Jane.lemaitre@bdotax.gg
 
Neil Dorey
Neil.dorey@bdotax.gg