Top Recommended Tax & Trust Lawyers
HNWs who enjoyed what might be called an ambiguous approach to taxation in the past will find few places to hide in 2017 – just ask Withers tax partner Sophie Dworetzsky. ‘I don’t see any aggressive tax planning any more. I don’t think anyone’s got any appetite for that,’ she says. ‘I’m sure it’s still done somewhere but I just don’t see it and haven’t seen it for a good few years.’
Commended by market experts for her ‘encyclopaedic’ tax nous, she specialises in ‘sophisticated’ private client planning, from advising fund managers on remuneration structuring to helping UHNW families and trustees. She also advises on establishing and structuring family offices, acquisition and holding structures for private aircraft and yachts, combining tax efficiency with insulation from liability.
The francophone design enthusiast says most clients are now only interested in the ‘most straightforward, unchallengeable’ tax planning – although the government’s erratic stance means non-doms can’t plan at all: ‘They have been through such a period of instability. They feel unfairly portrayed – maybe by parliament, maybe by the press – and are frustrated and upset by how matters have proceeded for the past two and a half years.
‘We need to be sensible about not upsetting people who are strongly committed to the UK but ultimately have other homes as well.’