Taxation of Non-Doms
The UK offers a very advantageous tax regime to foreign domiciled residents yet its complexity requires specialist tax advice in order to make the most of it. We are thought leaders in the field of non-dom tax, advising on domicile, residency and the remittance basis as well as offering bespoke tax planning and tax return preparation services.
Property Holding Structures
Whether you are buying, selling or own UK property we can advise which property taxes and reliefs, such as the new Capital Gains Tax regime, affect your particular set of circumstances. For example, the inheritance tax consequences of non-doms owning UK property are often overlooked. We can help you to arrange your tax affairs to maximise your investment.
Russian and CIS Desk
We advise Russian speaking clients on pre arrival tax planning, property transactions and remitting money to the UK. Recently, HMRC has targeted non-doms’ tax returns and our technical knowledge and thoroughness can reassure you in the glare of this scrutiny.
Trusts are useful in tax planning, particularly as a shelter from inheritance tax. We can enable you to set up a trust through very practical advice and by recommending from an array of offshore trustees with whom we have long established relationships as Mark Davies founded his business on his experience as a tax adviser on the offshore island of Guernsey.
We can provide step by step guidance through the daunting experience of an investigation, negotiating with HMRC on your behalf whilst shielding you from unnecessary intrusion. Our Investigations Team are also specialists in the tax structures often scrutinised by HMRC. If you have undisclosed tax liabilities we can help you become compliant using amnesties such as the Liechtenstein Disclosure Facility.
Image Rights Advisory Services
Tax advice on image rights was once the preserve of premiership footballers. However, Guernsey’s new Image Right Registry means that a much wider range of sports celebrities, entertainers and models can structure advertising and endorsement revenue in the most tax efficient way.
“I have dealt with Mark Davies on a number of occasions and have found that his knowledge of non-dom tax affairs is very broad and always applied in a most practical and creative manner. I have always had complete faith that the solution he has provided has been most appropriate for the client’s particular circumstances, even when mine or the client’s prior assumptions have been that a quite different direction would be followed.”Mr H
“We have worked with Mark over two years on provision of tax advice for our private clients with often complex tax planning issues. In that time period, Mark has demonstrated outstanding client care and delivered viable tax strategies. These strategies whilst complex and innovative are broken down and explained to clients in a simple language so that they are fully engaged in the process. The specialist knowledge Mark and the team have added to our client’s strategies has added an immeasurable benefit in helping clients achieve their goals.”Mr C
Head of Financial Planning
“Business is becoming ever more international. It is increasingly important for us to have access to, and the support of, international, professional experts in multi-jurisdictional structures, who can help our clients and their businesses achieve their objectives.
Our clients require a high calibre of advice but are also looking for good value for money.
We have established a close working relationship with Mark Davies & Associates Ltd. They provide the quality of advice that we demand for our clients across a wide breadth of jurisdictions, and deliver this expertise in a timely and cost effective manner.
We have no hesitation in recommending Mark Davies & Associates. They are a very effective and responsive team of professionals and we enjoy working with them.”Mrs P
“Mark has been my Tax Adviser for several years now. He has been looking after my Tax concerns since he was at PKF and I decided to keep working with him when he started his own company. I was keen to do this because of Mark’s expertise in Guernsey and UK tax laws and the implications of developing UK land. Several of his clients are my colleagues to whom I recommended MDA. I knew he would give them the same attention to detail and high level of service which he has given me. Not only did he produce practical advice but he made sure that it was implemented effectively, down to ensuring that my lawyers drafted necessary documents correctly.”Mr B
“I approached Mark Davies & Associates Ltd when buying a house in the UK and was thoroughly impressed with the professional and efficient service they delivered in a highly proactive manner that was second to none. Their advice, practice and implementation thereof have been a great benefit to me personally; they were very informed and continually highlighted the best options pertaining to my personal needs and situation. I am impressed with them as a company and value the expertise, skill and performance of all those I have dealt with in the team and would highly recommend them to anyone.”Mr N
“We value input and assistance from client centred firms who recognise that personal service and innovation are key to developing long standing relationships. Mark Davies and Associates Limited demonstrates these qualities as well as providing a wide knowledge in their area of expertise and are key to many of our ongoing client relationship developments.”Mr K
“L is dedicated to providing excellent client service so our decision to appoint a specialist tax advisor for a technical project was not taken lightly. Mark Davies & Associates’ professionalism and comprehensive knowledge, coupled with their approachability and clear explanations, have confirmed that they were an excellent choice. Having them a phone call away has provided no end of comfort and their prompt attention to queries has been greatly appreciated in an industry where time is always of the essence. Mark Davies & Associates’ flexibility was a differentiator from some of the larger firms we’ve experienced, and we would not hesitate to recommend their services.”Mrs P
“What I like about your approach is the advice is practical, does not sit on the fence and you support bringing the whole deal together on a practical level. You don’t just do your ”bit” and go!”Mr S
Managing Director, Senior Adviser
“From my limited but overwhelmingly positive experience to date, I would say that the key differentiator is one of positive, specific, actionable advice as opposed to vague and non-specific information (rather than advice) from the more “established” tax advisers.”Mr C
“I have been impressed by Mark’s responsiveness when we started our discussion and the continued diligence that Mark and his team have demonstrated in dealing with my tax affairs”Mr SB
“… you have delivered a very timely and responsive service”Mr KN