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Turcan Connell Holds First Offshore Tax Conference

Private client firm Turcan Connell and Pump Court Tax Chambers held their first offshore tax conference at the Fermain Valley Hotel in St Martin’s. The event focused on offshore trusts and their taxation.

Pump Court’s Head of Chambers, Andrew Thornhill QC, spoke on new developments in employee benefit trusts and UK property transactions using offshore vehicles. Elizabeth Wilson, a barrister at Pump Court, spoke about the tax issues affecting offshore trusts, and Alison MacKrill, Managing Director of Turcan Connell International Trust Services, spoke about Private Trust Companies.

Alison MacKrill said: “We are delighted to bring delegates from the UK to Guernsey to discuss what opportunities are available when using Guernsey trust and corporate structures. Delegates will also have the opportunity to speak with invited guests from the finance industry in one of the Island’s most beautiful locations.”

Andrew Thornhill said: "Having chaired the recent Guernsey Financial Forum in London, I can say that Guernsey provides a wide choice of structures for holding private wealth and providing pensions. The purpose of the conference will be to consider the comparative merits of these structures and what can be done with them.”

The conference concluded with an audience question-and-answer session, which was followed by a reception and dinner for all guests.

About the Speakers
Andrew Thornhill QC, Head of Chambers at Pump Court Tax Chambers, practices in all areas of tax, but with special emphasis on Schedule E employee remuneration, share schemes, inheritance tax/capital gains tax planning and litigation.

Elizabeth Wilson is a barrister at Pump Court Tax Chambers. She practices in all areas of revenue law with particular emphasis on personal and corporate tax. Recent work includes advice and planning on capital gains and income tax for individuals and trusts (onshore and offshore), inheritance tax planning for UK and non UK domiciliaries, corporate tax, double tax treaty and EU aspects of private and corporate tax transactions, employment income and remuneration strategies, stamp duty and stamp duty land tax. She also advises and represents the taxpayer in tax litigation.

Alison MacKrill is Managing Director of Turcan Connell’s International Trust Services office in Guernsey and is responsible for offshore trust and company formation services. She is a member of The Law Society of England and Wales, the International Bar Association (IBA), the Union Internationale des Avocats and is currently Chairman of the Guernsey branch of the Society of Trust and Estate Practitioners (STEP). She is currently involved with various STEP International Committee initiatives, including writing the Guernsey chapter of “A Practical Guide to the Transfer of Trusteeships”, which is being published this month.
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For further information, contact
Turcan Connell:  Tom Govan, Marketing and Communications Manager.
Tel: 0131 228 8111
E-mail: tg@turcanconnell.com

Pump Court Tax Chambers:  Nigel Jones, Head Clerk
Tel: 020 7269 0400
E-mail: njones@pumptax.com