If you are thinking of putting your money in UK properties due to the decreased value of the British pound post-Brexit and soaring property prices, it is important to understand the tax implications before you take the plunge. We sat down with tax expert, Peter Milnes, Managing Director of Rawlinson & Hunter Singapore, to ask him to share more about his work and firm, as well as his advice on the tax challenges facing keen property investors.
Tell us about the work that you do at Rawlinson & Hunter
In 2013, Rawlinson & Hunter approached me to set up their Singapore office and I became the local Partner here. In our Singapore office, we focus on Singapore and Indonesia tax advice. I’m also the contact point for clients in Singapore who may need to seek tax advice in the UK. We’re also a licensed Trust Company so we can act as trustee for clients in Singapore.
How does your firm differ from other tax consulting companies?
Generally, we’re dealing with entrepreneurs, family offices and ultra high net worth individuals. All our clients have the contact details of our Partners and managers so we are available 24/7 for our clients. We have a stable team so there won’t be a scenario when a client approaches us with a new case and the case gets passed on to a different staff member the following week.
We build relationships with our clients and we intend to grow and work with our clients over time. We are also one of the few accounting and trustee providers who are still independent. As an independent firm, we are able to make decisions quickly and assist our clients in a fast-paced environment.