One who is not a British resident does not have to pay inheritance tax so a Pakistani person can directly purchase & own a property and does not require offshore company to purchase or own property.Trust for inheritance is established according to British Law to allow transfer of assets to all beneficiaries of inheritance after the death of owner.
The benefit of establishing offshore company is to hide the beneficial owner and to avoid tax.
Britain and Pakistan have a tax treaty so that’s why properties are not bought in own name by such people and off shore companies are used to hide ownership and avoid taxes.Confusion is being created by mixing a trust with off shore company.Trust is a legal requirement for inheritance but off shore company is road to tax avoidance & hiding identity.
Courtesy: Social Media
