London, England (PRWEB) February 27, 2013
On Saturday, 16 February 2013 a report was released by The Mail On Sunday, shocking readers over a proposed ‘jewellery tax’ to be enforced on residents of the United Kingdom. The news bulletin explained how the Lib Dem political party have been strategizing on how to tax the cumulative wealth of residents, including family heirlooms and jewellery. Although not impressed with the attempt for further taxation, Mr. Edward Laing, the Managing Director of the asset protection specialists LaingRose says he isn’t overly concerned by the proposition, because “with the right trust structure in place, your assets can be protected from most taxes.”
Tax payers around the globe are faced with the unavoidable responsibility of paying government tax. Be it on income tax, property tax, or sales tax, the common goal for most has been to learn how to minimize tax liabilities in the correct manner. Now with the UK Lib Dem party having discussed a potential ‘jewellery tax’, whereby a person’s collective wealth will be taken into consideration when calculating taxes, the need for minimizing exposure has never been so great.
With their years of experience in asset protection, the professionals at LaingRose can offer those concerned, a legitimate ‘way out’ of this proposed tax or any excessive duties payable. Within their suite of services, the one of most interest today is a very specialised trust called the LaingRose Umbrella Assets Trust.
Because the average person is unaware of the complicated regulations concerning asset protection and taxation, Mr. Laing’s team of highly qualified consultants are often called upon for their expertise in the matter. The company director remarks, “Now with this supposed jewellery tax in debate, it’s important for people of all income brackets to look into how a LaingRose trust can protect their wealth now, and into the future.”
Mr. Laing explains that the Umbrella Assets Trust is “designed to help people protect their assets, no matter what they are – be it a house, car, stocks, shares, bullion, and so on. This protection covers attacks from creditors and divorce, but most importantly, it’s a lawful way of being shielded from taxation.”
By transferring assets into this kind of trust, clients are removed from the threat of taxation because those assets are now owned by the trust. Furthermore, with the approval of the Trustees, the trust can be closely managed by way of an onshore ‘Personal Management Company’, of which the client can be both the shareholder and director, giving them complete control over the trust’s assets.
The LaingRose director further clarifies, “by placing one’s assets into an Umbrella Assets Trust, those items are no longer taxable. That means no capital gains tax and no inheritance tax.” Mr. Laing goes on to explain an additional benefit, in that “any income or profits derived from assets in the trust can be reinvested without future tax liability.”
With the UK government clearly trying to ascertain a new way to access the public’s wealth through more taxation, the necessity for expert help has never been more needed. Thankfully, LaingRose’s services, with their legal team’s decades of experience in legally protecting their clients, can assist anyone facing excessive tax liabilities.
For more than 20 years, LaingRose legal team have helped thousands of people protect their assets by way of trusts. Created by directors Edward Laing and Daren Rose, their combined expertise in asset protection, UK tax planning, as well conducting informative seminars, has seen them become leaders within their industry.
Whether a person or business is requiring corporate tax planning, pension freedom strategies, or the creation of an asset protecting trust, contacting LaingRose today on 0845 388 9002 will ensure protection of one’s wealth now and in the future.