When entering and exiting the fund

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The advice will consider where the assets are located. Depending on the treatment of the asset within the jurisdiction and the nature of the assets, there may be tax liabilities e.g. an asset that generates income and gains etc.

The Investors

The investors will need to take tax advice to ensure they do not create any unintended tax consequences – an unexpected tax bill could remove any benefit of participating within the Exempt Fund, or even create a loss.

The Promoter

As with the investors, the Promoter will need tax advice to assess their personal circumstances jamaica mobile database in order to ensure that the structure is the most effective way to achieve their objectives, and that engaging in the structuring will not lead to any unintended tax consequences.

These are only very high-level considerations, and there are likely to be many more. Each Isle of Man Exempt Fund will be unique on the facts, and therefore this complex arrangement demands that all parties’ tax positions are fully considered.

Over our 50+ years, Dixcart have built up a superb network of professionals who can advise on such structures. No matter where you are in the world, we can make appropriate introductions to a local tax adviser.