Top Recommended Tax & Trust Lawyers
The past few years have seen an ‘almost frenetic pace of change’ in tax legislation, says specialist partner Piers Master, and this has especially affected foreign investors in UK residential property.
‘Next year I doubt there’ll be very many more changes,’ he says, adding that he already sees clients moving away from residential property towards the commercial side.
The affable head of the firm’s international private wealth division acts for a wide range of HNWs from ruling family members to billionaires from the Middle East and Russia. His expertise in tax-related immigration law has also been popular with clients: ‘The demand for joined-up tax and immigration advice for investor visas is increasing,’ says Master. ‘We saw so many people who were probably very well-advised on immigration but tax hadn’t been covered at all – that gives really unfortunate results. The bare minimum for an investor visa is a £2 million investment and if you get that structure wrong, they can pay tax of up to 45 per cent on that.’
It has been a busy year for Master. He ensured that a large private trust structure was Sharia-compliant, and also oversaw the restructuring of ‘hundreds of millions’ worth of assets in another trust.
When asked if he enjoys his role, he replies: ‘Absolutely!’ It’s the ‘combination of people skills’ with academic legal rigour that keeps him on his toes, he says.