Our clients are non-resident UK property investors and have a significant UK property business. They were originally UK resident but moved abroad 10 years ago. They had a large annual UK income tax exposure on their UK source rental profits and potentially had a significant long term IHT exposure as their assets were UK situs.
The property business was incorporated into an appropriate offshore company without triggering any UK tax charges. Their annual income tax liability has been significantly reduced (by more than 50%) and are now is a position to mitigate their future IHT exposure.