Case Studies

Personal Taxation Advice

A firm of solicitors needed personal taxation advice for two of its clients, but did not have a private client department. The clients were from overseas. They were buying a property in the UK and required advice on:

when they became UK tax resident;
whether they will be taxed on the remittance basis;
how to bring funds into the UK in a tax-efficient manner;
how to hold the property; and
capital gains and inheritance tax issues.

PWT Advice Limited was happy to help the law firm advise its clients on these issues.

Settlor Interested Settlements

A financial advisory company has received correspondence from HMRC raising assessments against a number of its clients. HMRC was arguing that offshore pensions set up by these clients were in fact 'settlor interested settlements' so that the clients should be taxed on the income and gains arising overseas. PWT Advice Limited was happy to be helping the financial advisers respond to HMRC's enquiries, to explain why offshore pensions do not fall foul of the settlement rules.

New QROPS Rules

An overseas trust company had set up a pension under the new Qualified Recognised Overseas Pension Scheme rules. PWT Advice Limited advised the trust company on the impact of the new QROPS rules and on transferring assets from UK pensions to the offshore QROPS in appropriate circumstances.

Articles

RIP Trusts? Long Live Family Partnerships?

It seems that trusts are viewed currently as the source of all tax-planning evil. A series of legislative changes have made trusts extremely unattractive for wealthy UK clients. This article summarises the current status of trusts in UK tax planning before reviewing the proposed alternative of family partnerships. To what extent can partnerships be used to replicate trust planning?

Corporate plan 2013 - 2016 published

21/05/2013

The Pensions Regulator has set out its strategic approach to regulating defined benefit (DB) and defined contribution (DC) schemes and maximising...

Annual funding statement 2013

08/05/2013

The Pensions Regulator has today published its 2013 annual funding statement to help pension scheme trustees and sponsoring employers to agree...