Advisers have to tread a careful path to avoid clients getting hit by additional taxation.
“It is very difficult for individual advisers to keep up to speed with various changes to taxation across jurisdictions.”
“It may well be that a UK practising IFA who has expatriate clients should put in place information exchange agreements with practices in local jurisdictions.”
Nigel Green, chief executive of the deVere Group, “The only way advisers can remain up to speed on the various changes to taxation across jurisdictions is to have an established technical services department, whose sole job it is to track and undertand the changes, and then help advisers implement them when working with clients.”
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