Finding good international tax advice

Posted by: Ian G. on 10 July 2007

Hi,

My beloved's tax situation just got a lot more complicated through the sale of a family company in Finland. The sums involved are such that some good professional advice is worthwhile seeking (and paying for).

My question is how to go about finding it? Are there specialist companies who deal with this cross-border stuff? Is it common enough that any tax accountant worth their salt can handle it? Any web resources which might steer me right?

cheers

Ian
Posted on: 10 July 2007 by acad tsunami
I would think any good tax accountant could handle it - if it is a large sum of dosh you could pop it into a Private Bank such as Coutts & Co and they have dream teams of advisers on tap for whom this kind of thing is a doddle.
Posted on: 10 July 2007 by Ian G.
quote:
Originally posted by acad tsunami:
I would think any good tax accountant could handle it - if it is a large sum of dosh you could pop it into a Private Bank such as Coutts & Co and they have dream teams of advisers on tap for whom this kind of thing is a doddle.


Yep Thanks, Coutts might be worthwhile considering once(if) the money get here but we need some advice before the money gets into the UK, double taxation etc etc.
Ian
Posted on: 10 July 2007 by Ian G.
quote:
Originally posted by munch:
A member of my family keeps the money in said country and moves it when needs be.Ie no tax in the uk.


Given our uncertainty/ignorance I'm not sure if that would be legal in this case - hence the desire for some professional advice.

Ian
Posted on: 11 July 2007 by MichaelC
I may be able to help - email me at macatclarksonhydedotcom. However, I will not be able to reply tomorrow.
Posted on: 11 July 2007 by Tarquin Maynard - Portly
quote:
Originally posted by munch:
A member of my family keeps the money in said country and moves it when needs be.Ie no tax in the uk.


I think thi is evasion; HMRC have become wise to this and AIUI this should be declared for UK residents.

I stand to be corrected.

M
Posted on: 12 July 2007 by MichaelC
quote:
Originally posted by mike lacey:
quote:
Originally posted by munch:
A member of my family keeps the money in said country and moves it when needs be.Ie no tax in the uk.


I think thi is evasion; HMRC have become wise to this and AIUI this should be declared for UK residents.

I stand to be corrected.

M


It's too vague a statement - depends upon when income/gains arose, the jurisdiction in which they arose and the country of tax residence together with domicile/residency status then and now.

It should be noted that potentially liabilities to tax arise on a remittance basis for non doms in this country.
Posted on: 12 July 2007 by Roy T
Coutts is for the likes of a footballer or his wife, what you want is C. Hoare & Co.

Banking with Hoare's does have a certain ring to it.