There can be significant tax benefits for international clients to own landed estates through overseas structures. However, the UK tax legislation applying to such structures is complex and therefore careful planning is needed.
Our specialists can advise on all aspects of an investment in a UK landed estate and help clients to preserve the tax advantages of overseas ownership, particularly in relation to capital gains tax and inheritance tax.
We have considerable experience in advising resident and non-resident non-domiciled owners of landed estates whether they own land personally or through a company or trust structure.
We assist with all compliance matters, including:
- UK income tax
- Corporation tax
- The non-resident landlord scheme
- The annual tax on enveloped dwellings (ATED)
The starting point is very often advising individuals regarding their residence status and more recently the application of the new Statutory Residence Test.
We also advise companies regarding residence and the implications of having permanent establishments or management and control in the UK. These tests require constant monitoring as circumstances changes and tax laws evolve.
Our experienced team is drawn from the UK and overseas offices. We can advise you regarding the UK and cross border tax issues affecting your ownership structure, as well as the non-tax considerations, such as asset protection and planning for future generations, to help you put in place the most effective structure which meets your personal requirements.