Scenario
Tax advisers in different countries who have never spoken
Each adviser does the work for one country, and no one checks how it fits together.
- The situation
- The family lives in one country and holds property and investments in another. Each country has its own adviser and its own tax year, and neither sees the other's work until the filings are due.
- What we would do
- We set one plan for both advisers to work to, and tax planning then runs all year, wherever the family lives, invests or holds assets. Each adviser keeps the work in their own country.
- Where it leaves the family
- Decisions in one country are checked against the other before they are made, rather than at filing time.