Tax can significantly reduce the returns obtained from private wealth. Managing it is therefore a vital part of investment planning.

Taxation in the private wealth arena is complex and rapidly evolving. We shield our clients from this complexity by providing pragmatic, clear and concise advice.

Our advice to high net worth individuals, entrepreneurs and executives spans all taxes. The structures we devise and implement are tailored to each client's circumstances and needs. 

Tax residency issues are key to the internationally mobile. For non-domiciliaries, the careful management of assets and bank accounts is vital. We provide clear and practicable guidance on these issues. 

With our real estate colleagues, we advise on tax issues arising in relation to high value residential and commercial property.

We also have a wealth of experience advising on tax efficient investments.  We are uniquely placed to advise on investments in sectors such as the film, life sciences and real estate sectors.  For example, our unparalleled knowledge of the film industry is invaluable to investors in film-based structures who face challenges from HMRC.

Olswang's Tax Team's commentary and analysis of the 2012 Budget can be viewed here.

We advised an ultra high net worth individual on acquiring and refurbishing residential properties in London and on taking up residence in the UK while maintaining a foreign domicile.

We have advised clients in relation to the innovative use of financial products by non-UK domiciliaries to maximise clean capital from mixed funds.

We have advised high net worth individuals on managing duties, VAT and the remittance rules in respect of acquiring, importing and exporting valuable and unusual art works and personal goods to and from the UK.

We advised a non-UK domiciled business owner on establishing an offshore business and dual employment contracts so as to mitigate the impact of the remittance rules without disrupting his lifestyle.

We have advised a British family on business succession planning involving the transfer of UK investment properties held through offshore companies.

Working with our colleagues in our Madrid office, we have created a tax-efficient plan for a long-term UK resident to live between houses in the UK and Spain.

Working with our colleagues in our Paris office, we have advised a French domiciled footballer in connection with his move to the UK to play for a UK Premiership football club.