In order to protect your wealth it is necessary to change the environment in which it is held and in which it grows and then passes to the next generation. The wealth needs to be transferred into tailored tax-protected trusts, through the use of relevant statutory reliefs without triggering a tax event or falling foul of the Government's tax avoidance legislation. Every case requires its own special tailored treatment when undergoing this transition but in very general terms:
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1
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For pension wealth; a tax exempt employer company is created of which the client is a director. The pension wealth is paid over to that tax exempt employer company, tax free by statute. The client now has free use of that former pension wealth -
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2
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For personal assets; these are transferred, tax free, into a new company. The new company then transfers the assets to a Minerva Trust, again tax free by statute.
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3
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For personal assets; for overseas assets a special mortgage structure is created so that the economic value of those assets passes tax free into a Minerva Trust.
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4
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For company assets; these are moved into another type of Minerva Trust, in much the same way as in (2) above, again tax free by statute.
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5
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For Company Profits; a different type of Minerva Trust is used where the company’s gross profit or any other corporate gain is removed into a tax free environment but which in doing so also provides the company with a useful tax deduction -
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6
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For private shares; these are transferred into a Minerva shares trust; this transfer is tax free and leaves the shares outside of taxation in future.
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No one at any stage has placed any charge or mortgage over the Trust Assets. The assets remain in their present state, able to interact with the outside world but totally tax protected and unencumbered, inviolate and secure..... and growing in value, tax free.
Minerva solutions can really help anyone who is prepared to open their minds and look beyond what is in the text books - it is what is beyond the text books that makes Minerva work so well - Contact us!
If there is cash within the Minerva structure then this can be accessed by loan - loans are not subject to income tax.
The Trust can freely borrow against its assets and our partners are able to provide loans against your assets’ values for onward investment or lifestyle support.
We know of no other wealth protection mechanism that can provide such protection AND release equitable value to the client for onward investment.
We know of no other wealth protection mechanism that can provide such protection AND release equitable value to the client for onward investment.