Our client - a UK tax resident, but not UK domiciled, using the remittance basis of taxation - contacted us for advice with regards to confirming his tax advisor's opinion on a personal property purchase transaction in the UK using his own and borrowed funds from a Swiss bank.
During our research, in which we collaborated with our partners from a top-tier Swiss firm, we examined the client's accounts to identify a 'clean capital' and the presence of any income or capital gains on his account creating tax consequences for the remittances of these funds from the UK, under mixed account rules. As a result, we prepared proposals for the most tax-efficient funding options for the client's transaction and analysed the tax implications.
During our research, in which we collaborated with our partners from a top-tier Swiss firm, we examined the client's accounts to identify a 'clean capital' and the presence of any income or capital gains on his account creating tax consequences for the remittances of these funds from the UK, under mixed account rules. As a result, we prepared proposals for the most tax-efficient funding options for the client's transaction and analysed the tax implications.
“Any taxpayer can face complex tax issues at both corporate and personal levels, ending up on the radar of tax authorities, which could be a very stressful experience.”
Boris Shnayd
Certified tax consultant, expert in international law
Assistance with real estate purchase in UK, including structuring and analysis of tax implications.
EXPERTS FROM TOP-TIER INTERNATIONAL FIRMS
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another experience
Our client - a UK tax resident, but not UK domiciled, using the remittance basis of taxation - contacted us for advice with regards to confirming his tax advisor's opinion on a personal property purchase transaction in the UK using his own and borrowed funds from a Swiss bank.
During our research, in which we collaborated with our partners from a top-tier Swiss firm, we examined the client's accounts to identify a 'clean capital' and the presence of any income or capital gains on his account creating tax consequences for the remittances of these funds from the UK, under mixed account rules. As a result, we prepared proposals for the most tax-efficient funding options for the client's transaction and analysed the tax implications.
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