UK loans secured by Offshore assets
This will affect individuals with specific UK loans secured by offshore assets. Clients only have until 5th April 2016 to either repay the loans with UK capital or find alternative collateral, if not the original loan will be treated as a taxable remittance (up to 45%).
The Whitmill Group have been working with a company called Momentum to find bespoke solutions for clients with this particular problem. Please see the attached executive summary to assist you in talking to your clients to find the appropriate solution.