Sophie Dworetzsky, Partner
Sophie advises high net worth individuals on wealth planning, with a particular focus on advising non-domiciliaries on tax efficiency for UK assets and for offshore assets.
Sophie focuses on advising UK resident and non-resident individuals on their tax planning. Her clients are frequently hedge and private equity fund managers, as well as entrepreneurs. She is particularly knowledgeable on carried interest, tax efficient investing for trusts (especially protected settlements) and family investment companies as part of larger succession planning.
Sophie was listed in Spear's 2019 Top 10 Tax Advisors.
Sophie has advised trustees and the settlor of a complex offshore private trust company structure holding hedge fund investments as well as more general investments, on (i) ensuring the investments were tax efficient given the profile of the settlors and beneficiaries (ii) avoiding tainting under the new deemed domicile rules (iii) linking the structure to a philanthropic focus and (iii) working with investment managers to agree tax efficient guidelines for the structure.
Sophie has also established a number of sophisticated family investment companies with multiple share classes as well as family limited partnerships, which both offer alternative approaches to succession planning.
Sophie has also advised on holding structures for ‘boys toys’ – planes, yachts and sometimes art – to make sure they can be enjoyed and also provide liability protection and tax efficiency.
Sophie Dworetzsky and Julia Cox quoted on the Chancellor's Spring Statement
Sophie and Julia react to the Chancellor's Spring Statement.
Spring Statement and Economic Crime
David Hicks, Robert Birchall and Sophie Dworetzsky write for FT Adviser on what business owners need to know when selling a business
The things business owners need to know when selling a business.
Registration of Overseas Entities Bill
The ROE bill has been revisited after the pandemic paused its progress. This article summarises the status, purpose and impact of the bill.
Sophie Dworetzsky and Helen Coward write for Tax Journal on the impact of the Chancellor’s Budget on the private client industry
The Autumn 2021 Budget was, from a private client perspective, surprisingly uneventful.
Building Back Better
Sophie Dworetzsky quoted in the Financial Times on the increase to corporation tax
Following the Chancellor's Budget this week, Sophie provides her expertise on the rise in corporation tax.
Sophie Dworetzsky quoted by the Daily Express on the implications of the proposed wealth tax
Ahead of the Chancellor's budget on 3 March, Sophie discusses the difficulties of introducing of a wealth tax.
Wealth tax – will the UK be richer for it?
It is no secret that the Chancellor will need to raise revenue from somewhere to plug the growing budget deficit.
He's behind you..
Is it really time for a wealth tax?
The UK currently has many tax reviews afoot, including a report pending on whether it is time for a wealth tax.
Non-doms - what the HMRC review tells us
Sophie Dworetzsky writes for Tax Journal on whether now is really the time for a wealth tax in the UK
Who fancies a holiday?
Protected settlements: tainted love
Practitioners continue to discover glitches in, and unexpected aspects of, the rules on protected settlements.
Wealth tax for the UK?
Sophie Dworetzsky and Catrin Harrison write for Tax Journal on the unexpected aspects of the rules on protected settlements
Latest views on whether we will have an interim budget
Sophie Dworetzsky looks at what new measures might come into force
Tax rates - a moving target?
The Generous Chancellor
In his first Budget, Rishi Sunak mastered the art of pleasing many different voters