British corporate ownership offers tax advantages. Provided the owning company is a Tax-exempt Company the company's assets, namely the yacht, may not form part of the owner's net wealth and therefore no Estate Duty may be payable on the death of the owner and no tax payable on charter income.
This article is intended as a general guide to the offshore services available in Gibraltar, and should not replace individual professional advice. One should always ensure that professional advice is taken both in Gibraltar and in any other country affected by the offshore structure.
This article is intended as a general guide to the offshore services available in Gibraltar, and should not replace individual professional advice. One should always ensure that professional advice is taken both in Gibraltar and in any other country affected by the offshore structure.
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