Mara Monte

Associate

Mara is an associate in the private client and tax team.

She advises on a range of wealth planning matters affecting successful individuals, entrepreneurs and their families. This includes high net worth individuals in respect of their tax, trust and estate planning, whether they are either non-UK domiciled or non-UK resident, or both. She has acquired extensive experience in advising clients on the reorganization of foreign holding structures owning UK residential properties so as to minimise UK tax exposure.

She advises on pre-immigration remittance planning for new arrivals, ongoing tax and succession planning during UK tax residence as well as pre-deemed domiciled planning for long term resident individuals, involving amongst others, the establishment of excluded property trusts, treaty reliance in the context of international Wills and relocation advice.

Her advice often focuses on issues involving double taxation treaties which the UK has signed with several counterparts (both for income and capital gains tax purposes as well as inheritance and succession tax) and on the regularization of undeclared offshore tax liabilities, in the past via the Liechtenstein Disclosure Facility and, more recently, thorough the Worldwide Disclosure Facility.

Mara is a native Italian speaker and has an Italian law degree but re-trained and qualified as an English solicitor. Because of her background, she has experience of advising on the interaction between common law and continental European elements both in connection with trust structures and estate planning and routinely advises Italian and other Continental European clients on matters impacting their wills and succession planning in the UK. In particular, over the years, her practice has focused on advising clients on the UK tax implications of European style usufruct arrangements created over foreign assets as well as on European insurance bonds issued by insurance companies based in Continental Europe. This includes advising on the traps as well as on some of the planning opportunities these instruments/investment wrappers can provide from a UK tax perspective, including inheritance tax, capital gains tax, income tax and stamp duty land tax.

Track record

Admissions

Publications

Memberships

Talks

Assisted on the estate planning for Italian (and other non-UK domiciled) clients with connections to the UK.

Advised on the establishment of excluded property trusts and offshore trusts.

Advised on the Italy/UK double taxation agreements (both in relation to income/capital gains tax purposes and in relation to succession tax).

England and Wales, 2011

‘Limitation of Liability’, seminar on English law, Bucharest, co-presented with Madalina Dumitrescu Professor Paul Matthews

‘Tax treatment of Italian trusts in light of Circolare’ , 61E/2010, Italian Tax Authority

International Association of Young Lawyers (AIJA)

The British Italian Law Association (BILA)

‘UK tax implications of real estate investments in the UK in light of the recent changes’ introduced by the 2012 Budget, Lugano

‘The taxation of trusts and foundations from a UK perspective’, joint IBA/AIJA conference, Berlin.

Education


Languages


  • English
  • Italian

Dates


Joined

2009

Regularly works with...