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Welcome relief? Mitigating double taxation of beneficiaries


Introduction
US citizens(1) who are UK-resident beneficiaries of US trusts may be taxed twice on the trust s income or capital gains because of the overlapping scope of UK and US taxation. The UK-US Double Taxation Convention (the treaty) may not serve as the desired panacea where there is a mismatch in both the timing of tax liabilities and the taxpayer s identity under the domestic laws of each jurisdiction. This potential liability to double taxation may be an unfair cost of using such trusts to benefit members of transatlantic families. However, as outlined below, there are options for mitigating this exposure so that UK residents may benefit from US trusts without suffering cross-border double taxation. ....

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Looking for a new IT job? This week's list includes roles for software engineers, DC managers, cloud experts and support specialists


We ll start this week s travels through jobland in Scotland, with MSP Enlinea.
Senior Technical Consultant, Edinburgh, Scotland
Do you want to help manage the IT of SME and corporate clients across the UK working with market-leading cloud and on premise technologies?
The role will be work from home with some requirement to visit client sites and attend technical meetings. We do also have a physical office in Scotland and it will be optional (post COVID) to work from there if preferred. We envisage and are working towards a more flexible working culture and are seeking a candidate who wishes to work remotely. Being based within a two-hour drive of Glasgow and Edinburgh will be a requirement. ....

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