Although family offices are usually operated for the benefit of the family, they require funding in order to pay salaries and other overheads.
This funding requires careful consideration to avoid any adverse tax consequences.
In a recent Tax Journal article, our Partner, Robert Langston takes a deep dive into the potential tax issues a family office may face, from VAT and benefits in kind to taxable remittances for non-domiciled families.
If you’d like to discuss any of the issues raised in this article, please get in touch.
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