Anyone wanting to avail themselves of the Liechtenstein Disclosure Facility (LDF) might want to do so quickly or risk having to transfer a significant portion of their offshore wealth to Liechtenstein and leave it there for at least two years. The LDF allows UK taxpayers, with assets in Liechtenstein, to clear all undeclared UK tax [...]
Expert Updates / Articles tagged "LDF"
The Liechtenstein Disclosure Facility (LDF) has been extended by a year to 5 April 2016. This could be good news for anyone wishing to take advantage of the facility. The LDF allows individuals to clear all undeclared UK tax liabilities in relation to their worldwide assets by making a lump-sum payment of the tax and [...]