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ARTICLE · 18 OCTOBER 2023

UAE Structure: UK Tax?

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There has been a significant and welcome increase in options for structuring ownership of assets in the UAE, but structures may have tax implications in the UK.

United KingdomTax
Emma Heelis-Adams
Emma Heelis-Adams

There has been a significant and welcome increase in options for structuring ownership of assets in the UAE, but structures may have tax implications in the UK.

Background

In recent years, legislation in various Emirates of the UAE, including Dubai and Abu Dhabi, has been introduced to allow the creation of foundation structures. The foundation legislation joins other recent legislative changes relating to trusts and different types of corporate structures. These developments mean that there is now a varied and effective toolkit of options for clients considering how to pass on assets to the next generation and how to balance the sometimes competing questions of ownership and control.

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