Superyacht and luxury asset services in the UAE Other Luxury Assets It is not uncommon for families to hold some form of tangible or luxury assets within their investment portfolios. From vintage and rare cars to 昀椀ne A trustee’s role may include buying, wines and art, such assets are selling, exhibiting, maintaining, frequently found within family moving or loaning the assets. In structures. These assets may be each case di昀昀erent considerations purchased as an investment or arise that require detailed and simply as a lifestyle choice inspired separate examination. We provide by a particular interest. the expertise required to establish the appropriate ownership With forethought and expert tax structure and to obtain and and legal advice, signi昀椀cant maintain adequate records. The bene昀椀ts can be gained including holding of certain assets in a 昀椀nancial security for families, an special purpose vehicle SPV will opportunity to minimise potential ring-fence the liabilities and protect tax liabilities on the luxury asset the trustee. and a chance for the owner to leave a lasting legacy through proper preservation. We can help families create an ownership structure and succession plan that will preserve and protect the value of their assets for future generations. 8