International private wealth and capital

Offering an unrivalled service, our specialist international private wealth and capital team operates both within London and globally. Leveraging our substantial international capability and networks, we assist UK resident and non-resident non-domiciled clients, international families and individuals, and business owners with complex cross-border needs across multiple jurisdictions and legal systems.

A comprehensive international wealth service

We work throughout Europe and have particular experience in supporting clients from the USA, Africa, and Asia. Our experts help international business owners to achieve the most efficient return of value to shareholders wherever they are resident. For international clients moving residence or domicile, we provide guidance on tax, ensuring appropriate action is taken beforehand and minimising the effects of taxation for UK resident and non-resident, domiciled, and non-domiciled individuals. We also have significant experience in structuring the ownership of real estate across borders.

Through our in-depth knowledge of all aspects of cross-border investment, our international private client team advises on the laws of multiple jurisdictions, and the use of offshore trusts and corporate structures for asset protection, privacy, and long-term security. We regularly manage interactions with HMRC on behalf of clients, easing the navigation of complex tax regulations and helping to arrange their affairs effectively.

Penningtons is very client-centric, informed and knowledgeable. The team is good at communicating complex issues in lay terms.

Our team advises on the remittance basis of taxation for those moving residence or domicile, as well as on owning businesses in multiple jurisdictions, maintaining compliance and efficiency. Personal security and privacy are paramount, and we offer advice that keeps the protection of your family’s interests in the foreground at all times. Additionally, we support clients throughout their relocation to the UK, ensuring a smooth transition and addressing all legal and tax implications.

By collaborating closely with colleagues in our property, employment, and immigration teams, as well as with local lawyers worldwide through our membership of Multilaw and the European Law Group, we consistently deliver pragmatic, cost-effective, and flexible solutions.

How we help our clients

Asset protection

Cross-border investment

Guidance on dealing with HMRC

Mitigating exposure to tax

Moving residence or domicile and advising on remittance basis of taxation

Use of offshore trusts and corporate structures

Owning businesses in multiple jurisdictions

Personal security and privacy

Relocation to the UK

Annual Tax on Enveloped Dwellings (ATED)

The team provides very measured responses that take all matters into consideration. The team makes an effort to get to know the clients, so its responses are professional but also personal.

The firm has strong technical ability, a responsive team and offers creative solutions.

Recent work highlights

Inward investment advice

Advising the family members of a US$30 billion privately owned company on structuring their inward commercial investment into the UK.

Successful HMRC negotiations

Negotiating with HMRC regarding an investigation into the affairs of a high net worth individual, and concluding this with a very satisfactory outcome for the client.

$40 million refinancing

Advising on the US$40 million refinancing of a major art collection, including dealing with the transfer of the collection into a British Virgin Islands structure and advising on its share structure.

International succession planning

Assisting an UHNW family with members in the UK, India and Sri Lanka, and offshore and onshore trust structures holding diverse operating businesses and real estate assets, on its global wealth structuring, succession and asset protection.

HNW estate with worldwide assets

Managing the administration of an estate which included diverse assets from an academic career and time abroad, collaborating with advisers in Germany, France, and the US to release assets there, and providing advice on charitable distributions.