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Wealthy families missing chance to clear up “tax skeletons”

The Liechtenstein Disclosure Facility may have been in the news a lot recently, but many accountants in the UK are still unaware of the benefits it may offer wealthy families and individuals.
Wealthy families are missing out on using the Liechtenstein tax amnesty to clear their "tax skeletons"

The Liechtenstein Disclosure Facility may have been in the news a lot recently, but many accountants in the UK are still unaware of the benefits it may offer wealthy families and individuals.

That’s according to a recent survey by UK-based accountancy firm Crowe Clark Whitehill, which found that a fifth of accountants do not understand the tax amnesty facility.

Sean Wakeman, a partner in the firm’s tax investigations group, reckons this would deprive wealthy individuals in the UK of a chance to clear up their tax arrears.

“Many wealthy families will never actually hear about the most generous tax amnesty in living memory,” he said.

Read the full story at CampdenFO
 

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