Governments
worldwide are taking an ever closer note of their residents' tax
affairs; be they individuals, trading companies or trusts, with
a view to maximising what they see as their tax revenue. Structuring
assets in a flexible yet robust way from a tax perspective is therefore
crucially important, whether the client be UK resident or not,
or UK domiciled or not.
Consequently
Westminster takes the central role in the organisation and rationalisation
of its clients’ tax affairs. For UK resident individuals we offer a unique service in dealing with UK Income Tax, Capital Gains Tax, Inheritance Tax and Stamp Duty Land Tax. As well as our significant in-house expertise we have developed an enviable worldwide network of 3rd party tax professionals that we draft in to deal with specific needs, particularly with respect to overseas jurisdictions & cross-border transactions.
We
have a sophisticated vetting process and assess all appropriate
structures in the market to achieve our clients’ UK tax objectives. Each year this includes the analysis of a significant number & variety of tax products and tax efficient investment vehicles. At least 90% of these are discarded for not meeting our strict criteria of tax robustness and sound investment potential.
Once
we have taken the time to fully understand our clients’ goals and risk profile we will propose a blend of tax efficient investment vehicles, trading businesses and pure accounting based structures to achieve their aims.
We are also able to assist in the tax management of a client’s entry to or
exit from any particular jurisdiction or business venture. Furthermore we are
also able to assist UK business owners extract profit more tax efficiently
from their operations.