Mark Davies, Jon Elphick and Nick Beresford consider the benefits of unwinding an existing offshore structure.
What is the issue? Further changes are being introduced that will result in offshore structures owning UK residential property becoming less attractive from a tax perspective.
What does it mean for me? These structures need to be reviewed to ensure they remain fit for purpose.
What can I take away? Advisers need to ensure that the tax liabilities arising are commensurate to the benefit of retaining or unwinding existing structures.
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