Hlib Chabaniuk

Torsten Bell: Unusual tax planning noted in case involving offshore trust and REIT status claim

Torsten Bell: Unusual tax planning noted in case involving offshore trust and REIT status claim
Aggressive tax planning involves offshore trust

Torsten Bell discusses what he describes as highly unusual behavior related to aggressive tax planning. In the tweet, Bell notes that the case involved a U.K. resident using an offshore trust and claiming REIT status for a firm that did not meet the criteria, as it was personally owned. He argues this behavior is far from standard investment practices, particularly when compared to opening an ISA.

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