Vaduz – “We are now able to present UK clients with additional interesting solutions based on the latest agreement between Liechtenstein and the UK,” explains Stephan Ochsner, CEO of Kaiser Ritter Partner Trust Services. “Many families currently want to check that the structure of their wealth conforms to tax law, and they are looking for trustworthy, experienced advisors who can provide sustainable solutions.”
Her Majesty's Revenue and Customs (HMRC) reached an agreement with the Liechtenstein Government to establish the LDF program, providing the most favourable process that allows UK taxpayers to clear up their past-due UK tax liabilities. Until 31 March 2015 UK taxpayers will have the option of paying their liabilities by calculating them at a single composite rate of 40% on the income with limited deductions or reliefs (if any) or of calculating their actual liability under normal UK tax rules.
“This makes Liechtenstein very attractive to Swiss banks and asset managers too, because British client deposits linked to Liechtenstein benefit from the unique conditions set out in the agreement with the UK and can continue to be managed for the long term in Switzerland,”
The Liechtenstein-
In addition to individual tax-compliant solutions for UK clients and their advisors, Kaiser Ritter Partner offers services tailored to the special needs of US taxpayers, including the guidance they need to resolve their individual tax situation (IRS voluntary disclosure). “We also have solutions for German clients and are currently developing similar concepts for ten other countries,” explains Mr Ochsner.
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