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Where Taxpayers and Advisers Meet

Closure of Offshore trust

Yiannis17
Posts:114
Joined:Wed Aug 06, 2008 3:43 pm
Closure of Offshore trust

Postby Yiannis17 » Fri Jun 17, 2022 4:14 pm

Hi

What are the implication for a non resident, non UK domicile who has taken loans as a beneficiary from an offshore trust (the loans were taken whilst they were though UK Resident). It is intended that the trust is closed very soon and there is no intention to repay the loans. I know this is very generic and further information will be required.

maths
Posts:8449
Joined:Wed Aug 06, 2008 3:25 pm

Re: Closure of Offshore trust

Postby maths » Fri Jun 24, 2022 4:39 pm

There aren't any UK tax consequences.


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