The Liechtenstein Disclosure Facility

The Liechtenstein Disclosure Facility (LDF) is a disclosure facility targeted at those individuals currently holding a bank account or asset (relevant property) in Liechtenstein, to enable them to make a disclosure to HMRC. Smith & Williamson has now successfully completed over 200 LDF disclosures. Here are some reasons why you cannot afford to miss out on the LDF.

• The beneficial terms of the LDF only apply for the years 1999 to 2009. This does away with the need to put right any matters prior to 1999.
• The unique 'composite rate' tax calculation could lead to beneficial tax savings especially in inheritance tax (IHT) cases but it must be considered carefully before that approach is adopted.