Thrings acts on cross-border re-organisation

Leading commercial law firm Thrings has acted for an Ultra High Net Worth (UHNW) family on its on-shoring of a multi-million pound prime London real estate portfolio held in a British Virgin Islands (BVI) structure as part of its tax planning.

London-based corporate partner, Jonathan Morris, and solicitors Jack Delaney and Nikul Kad, worked closely with tax advisors to implement a fiscally efficient reorganisation.

Thrings partner Bill Dunmore provided advice on property matters, having previously acted for the client on the leasing of the portfolio.

Jonathan Morris said: “With UK residential property held by non-doms in offshore trust and company structures no longer being excluded property for inheritance tax purposes from 6 April 2017, we anticipate a number of similar transactions in the run up to this deadline.

“Thrings has worked on a number of complex cross-border re-organisations for UK and overseas clients in recent years, and we expect this to continue as international governmental collaboration to share information increases.”

profile

Thrings Solicitors

ThringsLaw