POELLATH advises on comprehensive subsequent tax declaration (“voluntary disclosure”) and subsequent relocation of a globally active UHNWI to the USA

POELLATH provided comprehensive advice to a UHNWI with a globally orientated asset structure. The globally diversified assets included, among other things, numerous real estates, company participations of various international legal forms, fund participations, trusts and capital holdings in various currencies.

Due to the complexity of the tax laws of numerous countries involved (including Germany), POELLATH’s subsequent tax declaration (“voluntary disclosure”) was carried out with regard to income tax, corporate tax, trade tax, inheritance and gift tax and VAT and also took particular account of procedural and criminal tax law. The latter was accompanied by renowned criminal tax lawyers.

The tasks included in particular

• The comprehensive and complete recording, processing and comprehensible presentation of the internationally based facts (period: in some cases over 20 years) to the tax authorities;
• The detailed tax law evaluation of the whole fact base and the preparation of the position to represent our client vis-à-vis the tax authorities;
• The cooperation, communication and lead organisation of all consultants from other law firms involved;
• The post-filing communication with the tax authorities, the follow-up supports up to the conclusion and agreement with the tax authorities.

Furthermore, we advised the planned relocation of the UHNWI to the USA.

POELLATH advised the UHNWI with the following team:

• Dr. Andreas Richter (partner, private clients & foundations, Berlin / Frankfurt aM)
• Dr. Marco Ottenwälder (counsel, international tax, private clients & foundations, Frankfurt aM)
• Dr. Marcus Niermann (counsel, private clients & foundations, Berlin)
• Nikola Hertel (associate, private clients & foundations, Berlin)