The book is aimed at those involved in providing advice in the field of wealth management planning as it seeks to provide such advisors with the basics underpinning the relevant UK taxes. It is not intended for the tax specialist although the tax generalist may find the book of help. Trusts are an integral part of any wealth tax planning exercise and extensive discussion of the implications of both UK and non-UK resident trusts is covered. Other issues covered include a detailed analysis of the concepts of domicile and residence; house ownership structures for the non-UK domiciled individual property ownership analysis; wills and much more. In view of the international nature of the typical high net worth individual the book puts the UK tax rules in an international context. Thus, issues addressed in this regard include: the role of wills in the international arena; the differences between the UK common law rules and those of civil law jurisdictions; double taxation agreements; the implications of the EU (including the important recent EU savings directive); and discussion of offshore financial centres in the light of the onslaught from amongst others the OECD and FATF.
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