The Foresight strategy has been created for international clients relying on financial advisers.
Sterling Trust have found that these clients often incorrectly conclude that their time outside the UK reduces or eliminates their tax responsibilities in the UK. This may not be the case, however, and HM Revenue & Customs have specific rules relating to what is and what is not taxable when an expat dies.
The Foresight strategy is designed to provide solutions to manage any potential liabilities.
The first product within the Foresight strategy is a tax health check for clients, whereby for a £1000 fixed fee, we will review a person’s current tax status and estate, with further products in the pipeline for 2018.
“In this day and age, when there is so much change and uncertainty in terms of the expat and offshore tax landscape, you should never be frightened to take advice,” explains Sterling Business Development Manager, Andy Cowin.
“Forward thinking and planning is always advised when it comes to tax matters. Whether it is in connection with IHT, capital gains or effective estate & wealth preservation, our Foresight strategy is designed to help remove any current anxieties you may have, especially given the way HMRC in the UK now views those with previous non-dom status.”
