Transfer of business into UK succession trust's Case Studies

Transfer of business into UK succession trust

This matter involved advising a UK resident and domiciled entrepreneur on settling shares in his trading business into a UK trust to allow family succession, including:

the application of business property relief
the use of hold-over relief or Entrepreneurs’ Relief
the tax implications of restructuring the companies settled and when this should happen
the effect of links with companies not settled on trust but owned by the settlor

Related Case Studies

Cross-border tax planning

This matter involved advising a business owner on his move to the UK and how to do this in a tax efficient manner. We advised on: securing Entrepreneur’s Relief (“ER”)...

Cross-border estate and succession planning

This matter involved giving advice to a non-UK resident and non-UK domiciled individual and his family to ensure a coordinated succession planning strategy across two jurisdictions. This included advice relating...

UK/US estate planning

In this matter, we advised a UK resident and domiciled client in relation to the nature of a lifetime trust established as a Will substitute during a period of residence...

UK estate planning

This matter involved advising a UK domiciled entrepreneur as to her estate and succession plan. This included advice as to the application of business property relief and the availability of...

Pre-UK arrival planning

This matter involved advising on issues relating to an individual client’s domicile and residence coming into the UK, including advice on the operation of the Statutory Residence Test and rebasing...

Cross-border Inheritance Tax

This matter involved co-ordinating UK and cross-border EU Inheritance Tax advice to determine suitable Wills and testamentary documents across two jurisdictions. This included advising on the double tax treaty between...

Moving from US to UK

Client X was a US resident, US domiciled individual. He established a revocable trust of which he was the sole trustee and transferred all his assets to it. The intention was to...

Cross-border philanthropy

This matter involved advising on the clients’ ultimate objective to invest and accumulate funds for philanthropic spending both in the UK and EU. This involved specifically: (a) a review of...

Cross-border family wealth structuring

This matter involved advising a dual national family with assets in both the UK and the EU on suitable structures to achieve multiple objectives including: Efficient co-investment vehicle for family...

Cross-border succession and Inheritance Tax planning

The client in this matter was a UK-resident foreign national with assets in the UK and other EU countries. The client's objective was to ensure that their assets in the...

Residence and liability to UK tax

The client was a UK resident moving overseas. Our instruction was to assess the client's liability to UK Capital Gains Tax when disposing of UK investments. We advised on the...

Offshore trust

The clients were non-UK-resident trustees of an offshore discretionary trust. We were instructed to review the tax treatment of the structure and its suitability for the family. Our advice covered...

Personal injury trust

Following court approval, we were instructed to set up and manage a personal injury trust for a child who received compensation following a serious road traffic accident. New Quadrant Trust...

Deputyship

This matter involved applying to the Court of Protection for New Quadrant Trust Corporation Ltd to be appointed as a professional deputy for a client who received compensation following a...

Statutory Will

The matter involved applying to the Court of Protection for the approval of a statutory Will for a deputyship client. This included handling objections from family members and dealing with...

Appointment of attorney dispute

In this matter, we successfully represented a daughter who was appointed as her father’s attorney in a disputed Lasting Power of Attorney matter before the Court of Protection. The client’s...

Misappropriated funds by an attorney

In this matter, we successfully obtained Court of Protection approval for an attorney to pursue a High Court claim against her co-attorney for misappropriated funds.

Probate and estate administration

In this particularly complex probate matter, we were involved in handling compliance enquiries from HMRC in relation to the valuation of assets, cross-border assets, and a pre-death gifting issue. This...

International wealth structuring and estate planning

We act as the lead adviser for a non-UK resident, non-UK domiciled individual in respect of her international wealth structuring and estate planning matters. We were initially instructed two years ago...

Dual residency and cross-border employment-related taxation

This matter involved advising a non-UK resident and domiciled client on the UK system before he became UK tax resident including: When he would become UK tax resident Where he...

Pre-UK arrival planning

This matter involved advising a non-UK resident and domiciled entrepreneur on the consequences for him and his business before he became UK tax resident. We reviewed: His personal assets The...

Creating trust before being deemed UK domiciled

This matter involved advising a UK resident, non-UK domiciled individual on creating a non-UK trust before they became deemed domiciled in the UK and on how to fund the trust...

High net worth family wealth structuring

The client in this matter was a high net worth family and we assisted with the preparation of tax efficient Wills and letters of wishes for all the family as...

Cross-border estate planning

This matter involved undertaking a review of a British/Spanish family’s existing estate planning and updating Wills, letters of wishes and Lasting Powers of Attorney. This included liaising with Spanish advisors...

Tax-effective investment

This matter involved reporting to a non-resident individual on the ownership options available to him upon the purchase of a buy-to-let investment property and the tax consequences of each option.

International pension scheme: taxation of member

In this matter, we advised a non-domiciled client on the taxation of benefits received from an Employer Financed Retirement Benefits Scheme.

Protected trusts and a deemed domiciled settlor

This matter involved advising a non-domiciled individual who became deemed domiciled on 6 April in relation to restructuring his trust. In particular, we advised in connection with loans to the...

US expatriate non-dom tax and estate planning

This matter involved advising a non-UK domiciled client who had expatriated from the US on trust and Will planning for his family, some of whom are still US citizens, including:...

Residence, domicile and multi-jurisdictional estate planning

This matter involved advising a non-domiciled but UK deemed domiciled individual who moved abroad on: Becoming non-UK resident The loss of deemed domicile Estate and succession planning depending on whether...

Employment-related securities

This matter involved advising a UK resident client who was about to become deemed domiciled on the receipt of shares from his employer, including: Income Tax issues on the receipt...