Private Clients

The challenge
 

Increased mobility among high net worth individuals and families has coincided with the broad expansion of a globally integrated economy -featuring greater cross-border trade and investment - to create a complex range of global tax issues for individuals to manage their tax liabilities and risks.

Individuals and families with substantial assets often face difficult decisions associated with protecting and extending their legacy. 

Integrated tax advice is critical. Deloitte helps individuals to understand, plan and execute effective tax strategies.
 

Key scenarios when to contact us:

• A family decision to relocate its nexus to another country
• Investing in opportunities in new jurisdictions
• Prepare for changes in the tax and economic climate
• Disputes with tax authorities
• The arrival of a new generation brings issues relevant to wealth preservation and the transmission of wealth to future generations

The Solution
 

Deloitte has devised a set of personalised and multidisciplinary services aimed at finding the right solutions for the specific challenges that high net worth individuals face, such as tax and legal advice, succession planning, the design and transformation of family offices , and philanthropy.

Tax and legal strategy and governance
 

• Asset and jurisdiction mapping
• Understand, plan and execute effective tax strategies tailored to meet individuals and family needs
• Tax compliance and governance
• Resolution of disputes with global tax authorities

Family vision and values
 

• Succession planning
• Family governanceDeveloping family wealth structures for long-term wealth preservation 

Philanthropy
 

• Develop a philanthropic vision and strategy
• Design of philanthropic structure
   

Global footprint and mobility
 

• Multi-jurisdictional tax advice on relocation of family members
• Immigration support including visas and citizenship applications

Family office creation and operation
 

• Design and build of family offices
• Strategy formation and review

Client case study
 

Client

US citizen resident in Switzerland, with diverse equity holdings, mainly in a pre-IPO structure, in a second European location.

Challenge

To ensure the lowest effective global tax rate as well as avoiding any negative tax traps and associated penalties.

Solution

Careful co-ordination by three country tax specialists to identify a beneficial cross-border characterisation of income/gains, timing of tax points and credits.

Outcome/impact

The resulting structure provided the client with certainty of tax treatment, a reasonable fiscal cost, and security against any tax traps.

Read more about the Global Mobility solutions