by Peter Ni | Jul 28, 2014 | • Estate planning, • Tax planning (estate taxes and duties)
Chinese HNWIs should act now as China may introduce estate tax, exit tax on emigration and adopt new rules to tax the contribution of appreciated assets into an offshore trust. Chinese high net worth individuals (“HNWIs”) are very interested in using offshore trust...
by Peter Ni | Jul 28, 2014 | • Foundations and trusts; structures to hold, control, protect and manage family wealth
Issues arising from setting up an offshore trust for a Chinese HNWI include the recognition of the trust itself and other legal and tax constraints. As more Chinese HNWIs have realized the unique benefits of offshore trust, especially in the areas of asset protection...
