CGT and offshore trusts

Using offshore trusts and companies to acquire assets is a common theme in tax planning. In particular if you can structure an offshore trust as non resident it's exempt from UK CGT on UK investment assets. It's therefore a simple option to avoid CGT on assets with rising values. However, it's not that simple... The UK tax authorities have a number of anti avoidance provisions that apply in this area which limits when you can and can't make use of offshore trusts if you are UK resident. Have a look at this article: Investing in UK property via an offshore trust to avoid CGT Which looks at what you need to know when considering using an offshore trust for CGT mitigation.