The role of a Family Office Tax specialist is both complex and varied.

Their responsibilities can stretch anywhere from drafting legal documents and correspondence to formulating tax planning strategies, analysing legal opinions on tax matters if not forming the opinion themselves and providing tax advice on cross-jurisdictional matters.

They must remain up-to-date, present information to the family on new laws and practice changes in a digestible way while corresponding with governing bodies, advising the family on any liabilities and overseeing the implementation of complex financial transactions and tax structures.

With Family Offices making large and often complex purchases across multiple jurisdictions, the role of a tax specialist is unquestionable. The question that does remain however is, should they sit in-house or within an outsourced provider?

Download our guide to Family Office tax to discover:

• Average UK and US salaries for in-house accounting staff
• The benefits of recruiting a tax professional for your Family Office
• The benefits of partnering with an outsourced tax professional
• Why risk plays a huge part in the conversation
• The best solution for your Family Office.

Download the guide here and join the conversation: Should Family Office Tax professionals sit in-house or within an external provider?