How tax compliant are you really?

Tax avoidance and evasion are not games to be played lightly. Structures which inter-alia avoid taxation need to be continually reviewed. Furthermore HMRC does not have the same attitude as many Professional advisors as where the draw the line between avoidance and evasion

Tax authorities have extensive powers against anyone and anything if they have reason to believe that you have skipped your tax obligations. But it is not a level playing field.

Tax authorities will not hesitate to re-interpret the facts; to claim your trust does not reflect the day to day practise or that the trustees are not taking the real decisions - they merely follow orders from elsewhere. The fact that you have taken good reputable advice, which says otherwise, is irrelevant.

Wealth ownership structures need therefore to be kept under continual review, not only against the current law, but more importantly against how tax authorities could interpret the facts of your case for their benefit.

Every effort needs to be made to ensure that all wealthy families pay their fair share of tax, but this does not mean that you are not allowed to plan and structure to protect your international wealth for future generations, from unwelcome attention and from opportunistic litigation.

To stand against an attack or investigation it is imperative to know how and from where an attack is most likely and prepare accordingly with the right structure and the right experts at your finger tips through the guiding hand and extensive network of experts from which GFOS can call.