Tax

The UK left the EU on 31 January 2020. A transition period, during which EU laws continue to apply in the UK, is due to end on 31 December 2020. The UK/EU Withdrawal Agreement sets out transitional arrangements and negotiations for the future UK/EU relationship are ongoing.

Personal

Many of the individuals we advise regularly are international, with personal wealth and business interests in numerous jurisdictions and sectors. They include professional fiduciaries and private trustees, both in the UK and all major international financial centres. They are often not resident in the UK, and many have never been resident or domiciled here.

The tax issues they face are complex and varied. Nevertheless, the focus for all of our clients remains the same: preservation of their wealth for the benefit of their families and philanthropic endeavours. Our clients want to comply with their UK and international tax reporting and payment obligations while maximising any available tax reliefs. They also want to preserve their privacy, protect their assets, realise value and safeguard their reputation and family values. We work with them to navigate and balance these potentially conflicting objectives, providing bespoke and tailored solutions for each specific situation. 

We do this against a backdrop of a dynamic and increasingly regulated world. Based in London and Singapore, with lawyers qualified in England, Switzerland and Ireland - and with significant experience advising across Europe, the Middle East, the US and China - we are well placed to support our clients with any tax issues. We advise on the formation, administration, taxation and governance of their structures, coordinating and working closely with local and international professional advisers, bankers and family offices.

If you are unfamiliar with the UK taxation system, we will handle any dialogue with HMRC including any disputes, ensuring that HMRC enquiries are avoided or concluded satisfactorily and that a good working relationship is established for the future. 

Tax, and specifically the payment of tax, affects every business and individual. Our team has direct experience of working within HMRC and can help you reach a satisfactory agreement - for you or your business - as well as helping you to build a solid working relationship with HMRC going forward.

We have experience of taking matters through the whole court system including and up to the Court of Justice of the European Union.

Tax Disputes & Investigations

Our Charities Group has cross-departmental expertise to advise on all aspects of the law enabling charities and not for profit organisations to operate more effectively and commercially in pursuit of their objectives.

Our specialist estate administration and probate lawyers bring the experience and expertise that families, executors, beneficiaries and trustees depend on following a death. It is often complex, high-profile and multi-jurisdictional work.

A major focus of Mishcon de Reya's business involves acting for ultra-high net worth families, family offices and entrepreneurs. Increasingly the firm is called upon to sit alongside owners or principals of a family enterprise to guide and assist them in addressing all the issues which they face.

We have decades of experience looking after HNW clients. Our response is always the highest level of bespoke services, in particular our ability to navigate Home Office processes, to overturn the latter’s decisions via negotiation, and to avoid protracted and costly litigation.

Immigration

We work hard to ensure we understand our clients' businesses and work with them to design and implement remuneration and employee incentive plans that are right for their businesses. We identify the financial metrics against which an incentives plan should be measured then structure the incentive strategically to drive the behaviours that the employer wants to achieve, designing arrangements that are simple, focused and effective.

Incentives and Remuneration

Our Luxury Assets Group embraces all our legal services, made up of contentious and non-contentious specialists from across the firm. It includes Art Law, Private Wealth Disputes, Intellectual Property, Real Estate, Family, Reputation Protection, Insurance, Corporate and Tax.

We know that our clients are passionate about their luxury assets, be it ownership of a racehorse, a diamond, an island or a classic motorbike. We do everything to safeguard and protect the assets that define their lifestyle and identity.

At Mishcon de Reya, our heritage in private client work is at the heart of our firm. We have a deep understanding of the needs of our private clients and the dynamics and politics of families, family businesses and personal relationships.

Whether the dispute relates to a trust, estate or will issue or a broader commercial disagreement, we will give clear and dispassionate advice on your options from the outset. 

Private Wealth Disputes

Our Residential Property Group is one of the premier dedicated residential property practices in London. We specialise in prime UK residential property transactions both in the capital and the surrounding areas.

Our clients with business interests and personal wealth in the US and the UK are required to navigate two complex and very different tax systems. Successful wealth planning for such clients requires the lead advisor to be "ambidextrous" in that they understand the tax treatment of a proposed transaction in both countries simultaneously. Read more

The wealth planning frameworks and structures we devise are always bespoke and tailored to each specific situation. They can be domestic or international solutions, deploying a combination of trusts, foundations, corporate entities and other vehicles. They allow for asset diversification, flexible succession, tax and beneficiary planning. All to protect your long-term financial interests properly and, more importantly, those of your family.

Wealth Structuring

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