Services
Tax Advisory
As we enter a phase of economic recovery and growth, a buoyant economy coupled with changes in legislation and Inland Revenue working practices have result in a challenging past couple of years for high net worth individuals and entrepreneurs. Hindsight Tax Partners have the expertise to provide a unique service to high net worth individuals, their companies and trusts.
Tax Investigations
In recent years there has been a considerable move by the Inland Revenue away from the traditional litigation approach to contentious matters and planning towards a more commercial approach centred around assessing the facts, discussing the issues and reaching a mutually acceptable deal.
Enquiries from the Inland Revenue can be complex and drawn out affairs. Such work tends to involve considerable sums and advising on such matters includes meeting with the tax authorities and negotiating a settlement. Hindsight Tax Partners have a wealth of experience in dealing with Inland Revenue enquiries and can provide advice to suit each individual's needs, on an ad hoc or more formal basis.
Offshore Tax Planning
Typically this will involve individuals who are or who may become non-UK resident or who are non-domiciled in the UK . This planning often links in with income and capital gains tax planning and existing offshore corporate and trust structures.
Significant scope exists for tax liabilities to be mitigated where individuals are prepared to cross borders, often as a result of inconsistencies between the domestic tax legislation in the countries concerned that are not adequately addressed by the relevant double tax treaty.
In addition, the UK tax regime based on residence, ordinary residence and domicile is antiquated and, particularly for non-domiciled individuals, allows a number of planning strategies to be implemented.
