Trust-related anti-avoidance tax legislation in the US and UK has increased significantly in recent years.
Much of it focuses on the accumulation of income and gains within an offshore trust and can have a major effect on the tax basis analysis of historical trust activity, sometimes right back to the original formation date.
What’s more, there is often very little synergy between local law accounting practices and the tax basis analysis required by US or UK tax authorities.
At Frank Hirth, our specialist team has the experience and expertise to analyse accounting records for the US and UK effectively and efficiently. Robust analysis enables us to complete any compliance requirements for distributions already received, as well as identifying further potential planning opportunities.
Personal Tax Director Alex Jones joins Frank Hirth - Frank Hirth, US and UK tax specialists, has announced the appointment of Alex Jones who joins as a personal tax Director and will sit…
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