We have established connections with offshore trust companies, aiding trustees in relation to UK tax matters.
The services we provide to offshore trust companies currently include; UK trust tax returns, ATED returns, as well as any ongoing HMRC enquiries.
By liaising with the trustees of any given trust, our team of experienced analysts will conduct a detailed analysis of the transactions throughout the life of the trust.
The UK matching rules are then applied accordingly to provide trustees with accurate and current figures.
Our full range of services for Offshore Trusts include:
Capital Gains Pool Computations
One area of interest for offshore trust companies is the computations for UK matching rules. As part of the administration of an offshore trust, it is essential that the relevant income pools and capital gains pools are quantified on an ongoing basis.
In practice the relevant pools may not be up to date, leaving trustees unaware of what they are distributing to their UK resident beneficiaries and resulting in potentially understated levels of income and capital gains on tax returns.
STS (Europe) Limited offer a computational based service, completing the calculations for bringing the relevant income pools and stockpiled capital gains pools up to date.
The analysis is a technical and time-consuming process, taking away trust administrators from the tasks they are supposed to be doing.
By liaising with the trustees of any given trust, our team of experienced analysts will conduct a detailed analysis of the transactions throughout the life of the trust. The UK matching rules are then applied accordingly to provide trustees with accurate and current figures.
Going forward, it will enable trustees to make sound tax planning, such as making capital distributions to utilise any beneficiaries unused annual exemptions or create accounts, enabling them to monitor the relevant income and capital gains on an ongoing basis.
Your first meeting is FREE
Just let us know that you’re interested and we’ll get back to you straight away.