High net-worth client relocates to the UK with support from Private Client team

Mr H approached our Private Client team for advice in connection with his proposed relocation to the UK.

After an analysis of his current situation, the team provided information on the tax implications of his move for both him and his wider family. This considered both the domicile status of him and his spouse, and the nature and location of the family’s assets. We also advised on the tax status of an existing offshore trust and how his own tax status would change.

Using our experience of supporting high net-worth individuals, both in the UK and overseas, we were able to put a strategy in place, highlighting areas that our client needed to consider both before and after his relocation, so that his assets were treated as favourably as possible for tax purposes.