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enquiries@buzzacott.hk T +852 2531 7000
If you're moving to the UK, reorganising your asset portfolio and taking control when you become UK resident for tax purposes will benefit you. We can help you to navigate the complex Statutory Residence Test so that you have this control. It’s also worthwhile gaining an understanding of your domicile status and for non-UK domiciles moving to the UK, We can advise on the additional tax-saving options that may be available with careful account structuring.
Sometimes it's more tax efficient to own a UK property directly, but in other cases, ownership through a partnership or a company might be appropriate. It will depend on the circumstances and objectives in each case and we can help you decide which approach is best for you. There could be a lot of tax at stake, so it's worthwhile getting the structure right from the beginning. We have significant experience in advising clients on the UK tax issues associated with UK property ownership, so whether you are living in the UK or continue to live abroad, we can help you to determine the most tax efficient ownership structure for you.
The UK IHT has a relatively low exemption but there may be options available to you to improve the tax outcome when your wealth is transferred to others. Trust or corporate ownership structures may be appropriate in some cases but you will need to understand the implications of owning your assets through a company or a trust. Your domicile status will be important in determining the options available and we can help you to understand what those options are, whatever your personal circumstances and goals.
In some cases, the services of UK qualified lawyers, wealth planners or other specialists may be required. For example in drafting a domicile statement or a will, carrying out conveyancing for a property purchase, reviewing your asset portfolio or pensions from a UK perspective, or helping with a visa application. Our many years of experience in this field has allowed us to develop a strong network that we can draw on when these services are required. If you need an introduction to one of these specialists, please let us know and we can facilitate an introduction.
For professional advice tailored to your unique circumstances, please fill out the form below and one of our experts will be in touch to discuss your requirements and how we can help. Please note that our advisory services are charged at our hourly rates and a formal engagement will need to be in place before any advice is provided.
