What We Do:
International High Net Worth Solicitors
The globalised world is a small world. It is increasingly common for individuals and their families to be spread out across numerous different countries. Whilst this flexibility is a great benefit, there are many pitfalls for the unwary that live an international lifestyle. In particular, tax and succession/inheritance laws are not always the same in different countries. Many international individuals do not take advice before moving to a new jurisdiction and the result can often be an avoidable calamity.
Payne Hicks Beach is experienced in handling the varied tax and estate planning needs of international clients and their families. We specialise in integrating advice from professionals in other jurisdictions with our own UK advice, with the aim of giving you clarity on your options.
Whether you are UK resident or not is fundamental to your UK Income Tax and Capital Gains Tax position. We give clear advice on this important issue, and can let you know exactly how long you can spend in the UK without adversely altering your UK tax position. We also specialise in advising on the remittance basis of taxation, the valuable ability available to UK resident, non-UK domiciled individuals to shield their non-UK assets from UK Income tax and Capital Gains Tax.
Many international clients are surprised by the comparative freedom the UK allows on how individuals choose to give away their assets on death. The interaction of both UK Inheritance tax and non-UK death duties, and how competing jurisdictions determine succession rights, is a vital area for international clients to understand. We regularly advise clients on the impact of the EU Succession Regulations on their EU assets, and such advice will still be relevant post Brexit.
We are here to ensure that the benefits of your international lifestyle can be enjoyed without worrying about unnecessary tax and succession problems.