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Mark Davies

Managing Director

Specialism: Accountants

Company: Mark Davies & Associates

Location: London, England

Citywealth rating

3
Average: 3 (2 votes)
Fee Level:
3
Average: 3 (2 votes)
Quality of Advice
3
Average: 3 (2 votes)
Communications Skills
3
Average: 3 (2 votes)
Interpersonal Skills
3
Average: 3 (2 votes)
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Peer review:

Mark has a sympathetic appreciation of the complexities and difficulties of being a foreigner in the UK. He offers a personal service and practical solutions.

07 Feb 2018

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2017 

Mark Davies currently has no Citywealth award

Average client size: £5 million - £25 million

Fixed fee offering: Yes - Tax returns

Mark Davies & Associates

Number of offices globally: 1-5

City Tower
40 Basinghall Street
London
EC2V 5DE

T: 02037705600

http://www.mdaviesassociates.com/

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Peer review:

Mark has a sympathetic appreciation of the complexities and difficulties of being a foreigner in the UK. He offers a personal service and practical solutions.

07 Feb 2018

Start Ratings
Written Review
Your Details
If ticked your name and company will not be shown under your review of this person. However, entering your details is essential, as we will not publish any review we cannot verify. Please note you are not allowed to rate or review individuals who work for the same company as yourself.

Your personal data is used for internal purposes only and is never sold or shared. For any enquiries, please email assistant editor April French at afrench@citywealthmag.com

Mark Davies currently has no reviews

Client work includes:

Mark describes one recent client matter, where the client’s local advisers intended that their foreign domiciliary client (a ‘non-dom’) should become UK tax resident in the year ended 5th April 2018, and he had capitalised a “fund” prior to his arrival to supply ‘clean capital’.

Mark Davies & Associates were instructed to review the client’s residency position. At the time the client had not spent sufficient time in the UK to be UK tax resident under the statutory residency test. The client and his family were urged to leave the UK, thus allowing him to remain a non-UK tax resident for the year ended 5th April 2018. This bought the client time to collect sufficient clean capital before the start of the next tax year. Further, Mark Davies & Associates advised on depositing the clients clean capital with an offshore bank, borrowing against the clean capital and then investing the loan proceeds in foreign investments. The foreign investments were used to service and repay the loan over time. This meant that the security on the clean capital account could be released to allow the clean capital to be accessed and used in the UK tax free.