Tax issues on stake sales and investment into managers: structuring, pitfalls and steps to take now
About
Iskra advises international families, family offices and trustees on cross-border tax, asset structuring, estate planning, family governance and transparency initiatives.
Almost all of her work has an international dimension. She acts for high-net-worth individuals and internationally mobile families (a number of whom have no significant UK connections) as well as their advisers, family offices, charities and trustees. This often involves complex international tax and estate planning, coordinating advice from an international team of advisers and balancing a number of (often competing) family, legal and practical considerations to help clients plan for the future. Iskra also frequently advises clients with a wide range of assets, including cryptoassets and valuable art interests.
Iskra speaks regularly at industry conferences on evolving trends, including in relation to transparency initiatives and has contributed the UK chapter to the STEP Handbook for Advisers on Beneficial Ownership Registers, published in August 2021, with Edward Reed.
She is a member of the Society of Trust and Estate Practitioners and holds the STEP Advanced Certificate in UK Tax for International Clients.
Experience
- Complex US/UK estate planning for an international family with trading businesses and a significant art collection, as well as French and Channel Islands connections.
- Advising the trustees of an international high-value multi-trust structure on various cross-border issues, including ensuring the structure is still fit for purpose, assisting with a court application in Bermuda and planning for the next generation.
- Coordinating a team of lawyers in four different jurisdictions on the development of complex estate planning (including via wills and lifetime structures) for an international family with a significant business and a wide range of other valuable investments around the world.
- Advising families who are considering moving to or leaving the UK, including navigating the new inpatriate foreign income and gains (FIG) regime.
- Working with local counsel to design a multi-trust structure to receive a lifetime inheritance for a high-net-worth individual, with a particular focus on appropriate and bespoke checks and balances as between power-holders.
- Advising families with US connections with children in the UK or who are considering buying property in the UK or moving to the UK.