Am I able to use an offshore trust while working overseas?

In most European countries, trusts are not recognised in the same way as they are in the UK, and you will be taxable and liable for social security deductions on all income paid into the trust by your employer.

For all intents and purposes, in most countries, income put into a trust is treated in the same way as if it were put into a bank account, and will therefore be liable for the same taxes.

 
 

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The information presented on this website gives a superficial overview of a very complex topic. You should seek professional advice about what to do before leaving one country, what to do when arriving in a new country of work, and most importantly, what your tax and social security liabilities will be in both, before, during and after an assignment. Please contact us for more detailed advice at info@capitaltaxconsulting.com
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