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Rachel Davison

Partner | Taylor Wessing

Office Location: United Kingdom

Jurisdiction

England and Wales

Top Specialisms

Trusts: Planning

Family Office

Tax Advisory

Professional Biography

Rachel advises ultra high net worth individuals and families, trustees and family offices on wealth preservation, specialising in succession and UK tax matters, typically with an international and cross-border focus. Rachel has particular experience in advising clients with links to the US, and a significant part of her practice involves a US dimension. Rachel regularly assists clients with HMRC enquiries and voluntary disclosures, including for US-connected private clients who may be subject to US tax audits. Rachel's practice includes advising on asset holdings structures, such as trusts, corporate entities and foundations. She has significant experience working alongside offshore intermediaries in the ongoing operation and fiscal implications for such structures.

What is your favorite restaurant to take a client or colleague to?

The Wolseley, London

What is the best piece of advice you have ever received?

Whenever faced with what seems an intractable problem, if it is after 7pm, to go home and get some sleep, and said problem will most likely be solvable in the morning!

What was your first job?

Folding t-shirts at Sports Direct

What is the book you recommend to everyone?

My Name is Lucy Barton by Elizabeth Strout

What changes do you expect to see in your practice over the next year?

Dealing with a possible change in government in the UK, and if so, abolition of the non-dom regime. Increasingly, clients are more concerned with privacy and simplicity in their structures, as well as good governance, and so our advice must follow suit.