However, the UK Government has confirmed that a deemed domiciled individual who has set up a non-UK resident trust before becoming deemed domiciled will not be taxable on income and gains arising outside of the UK and retained in a Trust.
Isle of Man
The Isle of Man is a well established and well regulated international finance centre and is a common law jurisdiction. Trust law is based on English law and thus reassuringly familiar.
How can IQE help? As a licensed Trust Service Provider, working together with professional advisors, IQE provide trust services to a global client base and is well placed to provide trustee services to UK Non Doms looking to establish a trust before April 2017, as a stand alone solution or as part of a structure for property holding, investment holding as well as asset protection and inheritance planning.
For more information on our Trustee services please contact David Karran, firstname.lastname@example.org or Anne Couper Woods, email@example.com or call +44 (0) 1624 689589.
We have the expertise to assist with multi-jurisdictional fiduciary services for international structures
Having worked with IQE for a number of years I have come to appreciate their professional and proactive attitude to the work they undertake. Their helpful and efficient staff ensure that transactions are completed in a timely manner wherever possible. Richard Melhuish, FRICS, Director of Redefine International P.L.C.