Investing via offshore tax havens such as the Isle of Man, Jersey, Luxembourg etc. can provide individuals and companies with many tax benefits. Investment companies based in such centres are not subject to taxes, except on dividends from investments in certain countries. Thus income and capital growth can build up free of tax and money that would have been lost each year in tax can continue to earn interest.

Although individuals will be subject to the tax regime in the country of residence, these investments can still provide them with the opportunity to delay and, in some cases, avoid paying income and capital gains tax.

Offshore Trusts

Offshore Trusts - can be very effective in avoiding unforeseen liabilities, whether or not they relate to tax. More specifically, they may:

Reduce the inheritance tax liability on transfer of assets.

Provide a tax free income.

Provide surviving spouse and family with tax free income.

Avoid unforeseen liabilities by keeping assets outside one’s estate.

Enable you to retain choice and control over your investments.

The Trust must, of course, have been set up before the liability arises. Offshore Trusts can be particularly suitable for UK Expatriates. Most expatriates are still deemed by Inland Revenue to be domiciled in UK for inheritance tax purposes. Thus any UK asset will be taxed in the UK. By setting up Offshore Trusts, however, expatriates can effectively reduce or even avoid inheritance tax altogether

Advisa  Financial Services can advise you on a range of international and offshore investment products including :

• Offshore Bonds
• Deposit Accounts
• Global Equity Funds
• Currency Funds
• International Pensions