Get Live Quote The Winning Formula
Challenge
Two successful property developers who were operating in the UK and overseas wanted to bring between £5m and £10m from their offshore company into the UK for property development. However, this would trigger an unfavourable tax liability that the clients wanted to avoid.
Solution
Turner Little advised borrowing the sum required and placing it in a Special Purpose Vehicle (SPV) located in a beneficial tax jurisdiction. By doing so, the client did not have to pay tax penalties on loan repayments, and they invested the SPV directly into the UK property development market.
Results
The clients achieved their goal of bringing the required funds into the UK property development market without triggering unfavourable tax penalties through the SPV structure.
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