Rather like an offshore company, an offshore trust offers a way to minimise your tax bill. This is a complex structure but James Green & Co have a wealth of experience so do please contact us if you wish to discuss this in greater depth. Some of the matters which have to be taken into account are, which country you were born in, which one you now live in, and which country the property is located in.
Offshore trusts can invest in UK properties and in properties almost anywhere in the world. They can access tax savings much more easily than offshore companies but it is important that you realise that it will be the trustees not you who will control the management of the trust though you may be "employed" as an advisor. This can cost a few thousand pounds a year but has the potential to save you a lot of tax.
Although a useful structure for minimising taxation there are drawbacks when used as a vehicle to invest in property, the main one being that most lenders are unwilling to offer more than 75% loan to value.
To consider the pro's and con's of using an offshore trust please visit the following site: AR Corporate Offshore Trusts.
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