Taxbriefs Commentary Library

Finding out how far to go offshore

Danby Bloch, 28 May 2013


With offshore tax planning hitting the headlines, clients will want to know what they should still consider and what they should avoid. The fact is that many high-net-worth clients will expect their accountants and tax advisers to advise them about the opportunities and threats from offshore tax investments, entities and strategies.

The last 12 months and the current Finance Bill going through Parliament have seen some major changes to individual tax planning with an overseas element. This is why Taxbriefs have decided to hold an important conference on offshore tax and financial planning on Tuesday, 11 June 2013 in central London.

The new statutory rules on tax residence have changed the position of many clients – generally increasing certainty in their status, but also adding to planning complexity.

The Finance Bill introduces important new inheritance tax rules affecting non-UK domiciled spouses and civil partners. The options available under these new rules could save clients many thousands of pounds – or they could give rise to some expensive mistakes.

Tax avoidance has never been so widely discussed and debated. The Finance Bill has introduced the new general anti-abuse rule (GAAR), as well as other anti-avoidance rules affecting a range of taxes. It is essential for accountants and tax advisers to understand the impact of these provisions and be able to explain them clearly to colleagues and clients.

Other subjects that the conference will cover include overseas pension planning through QROPS and QNUPS, as well as the effective use and potential drawbacks of offshore investment bonds.

The outstanding speakers include Marilyn McKeever of Berwin Leighton Paisner LLP, Sangna Chauhan of Speechly Bircham, Paul Thompson of Canada Life, Brendan Harper of Friends Provident International, Gerry Brown of Prudential and David Kilshaw of KPMG


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Danby Bloch

Editorial Director, Taxbriefs

Danby Bloch is the editorial director of Taxbriefs, chairman of city-based IFAs, Helm Godfrey and director of Nucleus, an independent wrap provider.

Over a period of more than 40 years, Danby has established himself as one of the industry's leading thinkers and  is a respected author, lecturer and trainer on tax and financial planning.




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