Solutions
The portfolio of solutions comprises:
Remuneration Trust – removes UK trading & investment profit from tax
Business Assets Plan – removes CGT, IHT and tax on rental income for UK investment property owned by individuals
Corporate Capital Trust – removes CGT and tax on rental incomes for UK investment property owned by corporate entities
Shares Release Trust – removes CGT on the sale of UK private company shares and subsequent removal of wealth from IHT
A-Day Pension Plan – to allow tax free access to pension funds
Whilst the details of each are different, the operational structure is identical in each case.
- A UK Limited Company (Personal Management Company or PMC) is created with you and your preferred Directors and Shareholders. That may include family members, trusted advisers and professionals at your complete discretion.
- Any required borrowing or investment is undertaken in the name of the PMC. The beneficial or physical ownership of your assets is transferred to the company without tax implications.
- The assets of the PMC are transferred on paper to an offshore trust company. Simultaneously the trust company appoints the PMC as Asset Managers, giving them the authority to hold the assets securely on behalf of the trust. There are three reputable trust companies which are frequently used.
These are based in Guernsey, Jersey and Belize respectively and offer a range of optional management services which you may require.