Benefits And Uses Of Trusts In Gibraltar

General

The income and gains arising within trusts created in Gibraltar are free from Gibraltar tax, provided that Gibraltar residents are specifically excluded from benefit under the terms of the trust deed. However, at the time of creating the trust, the settlor should consider the legal and tax effects of doing so in his country of residence/domicile, the country of residence/domicile of the beneficiaries and the country or countries where assets to be transferred to the trust are located. Clearly, the effect of creating a trust will vary in each jurisdiction and professional advice should be sought in all cases.

Coopers & Lybrand will be pleased to consider these aspects in conjunction with the client's advisers including, where appropriate, the relevant member firm of Coopers & Lybrand International.