Offshore Companies and Trusts

In the UK as in nearly all other jurisdictions there are issues around tax avoidance and tax evasion. The first is legitimate the latter illegal.

Tax avoidance is where you arrange your affairs in such a way so as to minimise your tax liability.

Offshore companies and trusts can be used to evade tax but this is illegal.

Legitimate offshore structures can be legal and save large amounts of tax, if properly constructed and will depend on individual circumstances. Often the fees involved do not make it worthwhile.

Since 9/11 nearly all tax haves have agreed to disclose information on offshore companies and trusts to local tax offices.

South Africa is not considered a tax haven and trusts are well regulated through legislation and can be attractive to persons wishing to legally minimise their tax. It also can be a useful vehicle for UK and other EU residents to control their South African investments. For further advise please contact K&S Accounting at

Telephone: Int. +27-21-448200

or E-mail: Info@ksacc.co.za

 

 

One Response to Offshore Companies and Trusts

  1. Good stuff, thank you for this. As a contractor this really helps keep me fresh…. Thanks Again…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 64 other followers

%d bloggers like this: