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
On a recent transaction we worked closely with IQE to set up and run a corporate structure to facilitate a new residential development in London. We found the IQE team responsive and proactive. It was clear that their property experience added value and understanding of the clients’ requirements on the project. Christine Jackson, Partner, Real Estate Group, Lawrence Graham LLP