Building Your ‘Tax-Free Dream’ Together Using Trusts

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We help individuals and businesses navigate complex and ever-changing tax laws and regulations. We provide a comprehensive solution for tax planning, compliance, and reporting, ensuring that clients are in compliance with local and international tax laws, and minimizing their tax liabilities.

Trusts

are a powerful tool that can help you build your tax-free dream together. By using trusts, you can take advantage of various tax benefits, such as reducing or eliminating estate taxes and minimizing income taxes. Here are a few ways trusts can help you achieve your tax-free dream:

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Income Tax Minimization:

Trusts can be used to minimize income taxes. The income generated by the trust from assets located outside of Hong Kong is not subject to tax for the trustee, the trust entity, or the beneficiaries. Therefore, the establishment of a trust account in Hong Kong offers various benefits, including the tax-free treatment of income sourced outside of the territory.

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Estate Tax Reduction:

There is no estate duty for both local residents or non-residents in Hong Kong. Trusts can be used to reduce or eliminate estate taxes by transferring assets to future generations in a tax-efficient manner. For example, by setting up a trust, you can transfer assets to your beneficiaries while still retaining control over them, and ensure that they will be passed on to future generations without incurring significant estate taxes.

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Asset Protection:

Trusts can also be used to protect assets from creditors and lawsuits. By transferring assets to a trust, you can ensure that they will be protected and preserved for your beneficiaries*.

*The degree of protection depends on the trust structure and trust period

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Charitable giving:

Trusts can also be used for charitable giving. By setting up a charitable trust, you can make charitable contributions while also receiving tax benefits.

Building Your ‘Tax-Free Dream’ Together With our expertly managed trust services

It is a good idea to consult with our trust professional to determine which trust structure is the right choice for your financial situation.

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Our family office services can help busy families with complex financial portfolios manage their wealth and financial affairs effectively. Learn more about how we can provide the necessary support and resources. Family office services

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Unlock the power of trust with UTGL! Take the first step by exploring our Trust Platform, or create an account and instantly receive a virtual card. Our team is also ready to help design a custom package tailored specifically to your business needs.

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