We have deep experience advising on UK and US tax matters and are familiar with the intricacies and overlap between both systems.
Trusts, their settlor and beneficiaries are subject to more than one tax regime, which can result in tax being paid twice on the same income. This may be because of a mismatch between the way the two countries tax the income or in who is being taxed (the trust, settlor or beneficiaries), or due to a disparity in the timing of the tax charge between both countries.
We are familiar with these issues and therefore are ideally positioned to identify potential mismatches and find solutions to optimise the tax position.
We also have access to the expertise of member firms in the Andersen Global association.