SERVICES TEAM FACTSHEETS PUBLICATIONS CONTACT CAREERS Focused on delivering high quality services and practical solutions, LTS Tax Limited, a firm of Chartered Tax Advisers, is led by a management team combining over 75 years of professional experience. Acting primarily for individual private clients and owner-managed businesses, we deal with all manner of personal and corporate tax and accounting issues, as well as the provision of advice to intermediary and professional firms on a range of complex tax issues. SERVICES Services Guernsey and UK tax advice and compliance Preparation of tax returns UK residence and domicile planning Inheritance tax planning Emigration and immigration planning Trust tax advice and compliance Fund taxation and reporting obligations Accounting and Payroll Services Estate planning and executorship services Advising on real estate holding structures Private client services Tax advice and compliance for QROPS, QNUPS, EFRBS & EBTS ATED and tax on UK residential property Examples Advising individuals on the consequences of leaving the UK and moving to Guernsey including advice on all matters pertaining to UK tax residence and associated tax planning. Advising on estate planning and UK domicile issues relating to both UK and non UK residents, to include advice on UK inward investment and wealth planning and structuring. Tax structuring advice for individuals in respect of ownership of assets in the UK, Guernsey and overseas. Tax compliance and advisory services to trustees, fund managers and accountants. GUERNSEY Considered as one of the most reputable and politically stable offshore centres in the world, Guernsey boasts beautiful coastlines and a reputation as an independent and well regulated jurisdiction. Situated approximately 30 miles from the north coast of France and 70 miles from the south coast of England Guernsey is in the same time zone as the UK and is easily accessible from the major European financial centres. TEAM Team Index FACTSHEETS Capital Gains Tax on Residential Property Domicile Living in Guernsey Statutory Residence Test UK Tax Considerations for Investment in UK Residential Property NEWS & PUBLICATIONS 18/07/2017 - UK tax update on Finance Bill and Trust register After a period of considerable uncertainty, the UK Government has confirmed that a further Finance Bill will be published as soon as possible after Parliament’s summer recess and in the meantime certain updated clauses have been released including those in relation to deemed domiciled and inheritance tax for UK residential property. For a detailed analysis please click here. A further new development is the introduction of a register of beneficial ownership information in relation to trusts. For further details regarding the requirements of the trust register please click here. 25/04/2017 - Interview with Locate Guernsey Francis Snoding was interviewed by Locate Guernsey to discuss the tax issues of a move to Guernsey. See the full interview here. 09/12/2016 - Finance Bill 2017 Legislation In line with the Government’s previous pledge to publish the majority of the Finance Bill measures at least three months prior to the Bill being issued, this week saw the release of extensive draft legislation, included in which were further details relating to offshore pensions, the non-dom changes, the taxation of trust income and gains and inheritance tax on UK residential property. The draft legislation remains open for comments until 1 February 2017. The changes included in the legislation are significant, particularly in relation to offshore trusts. There remain a number of opportunities for tax efficient structuring in order to maximise the advantages provided under the new rules and minimise the tax impact. Those with affected structures should review the position as soon as possible, as should individuals who will become deemed domiciled under the new rules. For further detail regarding the points of key interest, please click below: Inheritance tax on UK residential property Deemed domiciled individuals Offshore trust structures Offshore pensions 24/11/2016 - Autumn Statement Highlights Yesterday Philip Hammond delivered his first Autumn Statement which contained, amongst other points, confirmation that the April 2017 changes relating to “non-doms” and inheritance tax for UK residential properties will be going ahead. For our detailed analysis of this and the other key aspects please click here. 07/10/2016 - Guernsey Budget Highlights 2017 The 2017 Guernsey Budget report has now been published and will be debated in the States of Guernsey on 1st November. For further details please see attached article. 26/08/2016 - Reforms to the taxation of non-UK domiciles – issue of consultation document by HM Revenue & Customs After much anticipation and earlier than expected, HM Revenue & Customs have now issued the “stage 2” consultation document relating to the proposed reforms to the taxation of non-UK domiciles, which follows on from the original proposals announced in the 2015 Summer Budget. It is clear from the consultation document that the proposals will take effect from 6 April 2017. They have remained broadly in line with the original announcements, albeit with some changes to the detail. Some conciliatory measures have been included, although not the de-enveloping “tax breaks” that were hoped for. For our detailed analysis of the consultation document, please click here. 17/03/2016 - Budget 2016 by LTS Tax Limited Yesterday's Budget was for the most part fairly benign and included some welcomed reductions in the rates of CGT and corporation tax. By far the most significant for the Channel Islands is the change to the taxation of profits from trading and developing land. In addition, changes to the SDLT regime for commercial property will result in an increased liability for high value purchases. View article 10/07/2015 - Reforms to the taxation of non-domiciles - consultation document issued On 30th September, the UK Government released the consultation document detailing the proposed reforms to the taxation of non-UK domiciled individuals. For our detailed analysis please: View article Subscribe to our newsletter Get the latest news direct to your inbox. Publications Archive HISTORY About Us Based in Guernsey, LTS Tax Limited provides intelligent, thoughtful solutions that come from decades of experience providing multi-jurisdictional tax advisory and compliance support services, to institutional and private clients. LTS Tax Limited provides UK and Guernsey tax advisory and compliance services to a variety of private, corporate and institutional clients and is registered with the Chartered Institute of Taxation as a firm of Chartered Tax Advisers. Vision The vision for the LTS Tax Limited has three components: Client Focus - We aim to be the service provider of choice, where proactive, dedicated client service is standard. Excellence in Execution - We will meet and exceed our customer and regulatory needs - maintaining the highest standards, reputation and performance. Employee Engagement - We will ensure that our people are engaged and have access to the tools, information and training they need to perform their jobs, develop their careers and meet the exacting needs of our clients. History & Ownership Originally established in 2012 as Legis Tax Services Limited, LTS Tax Limited has quickly positioned itself as the largest independent tax advisory company in Guernsey. The business employs 6 qualified Chartered Tax Advisers most of whom have years’ of experience working in both Guernsey and the UK. As an owner managed business LTS Tax Limited prides itself on being a professional firm of Chartered Tax Advisors and having the ability to act quickly and proactively for the benefit of clients without the constraints of larger institutions. CONTACT LTS Tax Limited PO Box 20 Les Echelons Court St Peter Port Guernsey GY1 4AN Telephone: +44 (0) 1481 755862 Fax: +44 (0) 1481 713369 Email: taxenquiries@lts-tax.com The offices are open between the hours of 8.30am and 5.00pm, Monday to Friday. DOWN TO EARTH YET ABOVE THE CROWDS © LTS Tax Limited 2016 | Privacy Statement & Email Disclaimer | Company & Regulatory Details | Terms & Conditions This site does not use cookies