Tainted love: ensure your trust stays protected
The April 2017 tax reforms in relation to foreign domiciliaries brought major changes to the regime that applies to offshore trusts. These changes included the introduction of the concept of a “protected settlement”, and the related concept of “tainting”. It is crucial for all trustees of offshore settlements with UK resident, deemed domiciled settlors to get to grips with these concepts and the new tax regime. In some cases action will need to be taken before 6 April 2018 to prevent tainting, and the position should be reviewed as a matter of urgency.
To view the full briefing note, please click here.
This briefing note was written by Dominic Lawrance and Catrin Harrison.
For more information, please contact Dominic Lawrance on +44 (0)20 7427 6749 or dominic.lawrance@crsblaw.com, or Catrin Harrison on +44 (0)20 7427 6514
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