
The journey to controlling your assets can start in the most unexpected places.
We were approached by two successful property developers who were operating in the UK and overseas. Their goal was to bring between £5m and £10m from their offshore company into the UK for property development. However, this would trigger an unfavourable tax liability that the clients wanted to avoid.
Luckily, the solution was simple. We advised borrowing the sum required and placing it in a Special Purpose Vehicle (SPV) located in a beneficial tax jurisdiction. By doing so, the client did not have to pay tax penalties on loan repayments, and they invested the SPV directly into the UK property development market – thereby achieving their goal.