LUXURY ASSETS

For internationally mobile people and families or businesses, personal yachts and aircraft certainly make life easier. However, these valuable mobile assets can carry heavy administrative issues. We take this burden away from you completely, with a team of specialists who work closely with trusted suppliers and contacts.

We provide:

When making a purchase or sale

• Advice on appropriate structuring, taking into consideration the relevant taxes to be paid. In particular, the area of VAT can be a complex one for mobile assets that move across borders.
• Support for temporary or permanent import and export.
• Advice on tying the ownership structure in with your wider intentions regarding personal wealth structuring, liability and succession planning.
• Registration of the asset in the most appropriate jurisdiction.
• Appropriate structuring and tax planning to allow for the efficient charter and leasing of yachts and aircraft to third parties where applicable.

For ongoing enjoyment and use

• Day to day administration of the asset and its ownership structure, including liaison with flag states, suppliers, banks, insurers and so on.
• Ongoing accounting, VAT and tax compliance services including financial management and reporting as required.
• Crew payroll solutions.
• Managed trust company arrangements for brokers and yacht managers, allowing you to provide a more comprehensive service to clients.

You want your collections to enrich your life and be a valuable investment for the next generation. Let our expert teams take all the weight of administration off your shoulders – now and into the future.

We provide:

When making a purchase

• Structuring to ensure that costs, expenses and appropriate taxes are paid on the purchase, particularly VAT and sales taxes.
• Advice on tying the ownership structure in with your long-term intentions for the asset, be that value appreciation and sale, philanthropic giving or succession planning. Read more about our private wealth structuring services.
• Escrow arrangements for large or contentious purchases, provided by a licensed and reputable team.

For ongoing enjoyment and use

• Day to day administration of asset holding structures, including ongoing tax compliance and liaison with suppliers.
• Structuring to protect the intellectual property rights of artists or creators and their heirs, as new works are created.

For sales or divestments

• Gift and inheritance tax compliance, as part of a wider succession planning strategy, as well as capital gains and income tax planning and compliance for liabilities arising from a sale. Read more about our tax and accounting services.
• Trust and foundation structures for effective philanthropic giving.