Offshore Discretionary Trust - distributions to UK res / non-dom

[Batfink7170]

Would a large capital distribution from an offshore discretionary trust to a beneficiary who is a UK resident non-domicile have tax consequences?

FYI, the funds are being transferred, not to the UK, but to an account in Switzerland.

Thanks

[Taxbar]

Depends if he or she is going to remit to the UK ever!

Also whether it is pure untainted capital in the hands of the trustees, or if its acutally has accumulated income within it.

Needs specific expert tax advice.


Daniel Feingold
STP
info@stratax.co.uk