Beneficiary surrendering assigned Offshore Bond - Top Slicing tax question
GallusAlice
Member
Hi
We have a client who has approached us as he is in the process of being assigned segments of an offshore bond (he was one of 3 beneficiaries). He is looking to surrender this fully. What is the situation re top slicing - does he benefit from this or not as he has not held this bond personally.
Comments
Yes he will be treated as if he had always owned it.
Great, thanks @benjaminfabi !