Separate the questions
Investment income, gains and succession are different tax questions. An answer about one does not establish the treatment of the others. The general description that Mauritius has no capital gains tax and no inheritance tax or estate duty requires context and current verification. A transaction described as a gain may be assessed differently depending on its legal and commercial character. Income can also be taxed in another country. This draft does not confirm the tax treatment of any individual, entity or investment.
Look beyond one jurisdiction
A family’s position depends on residence, ownership structures, the location of assets and relevant international arrangements. Double taxation agreements may affect the allocation of taxing rights, but they are not an automatic exemption. Eligibility and administrative conditions need to be checked. Property, operating businesses and investment vehicles may carry obligations in their own jurisdictions. Where several generations live in different countries, a transfer can create consequences for both the person giving and the person receiving assets. A consolidated map of these connections is a useful starting point for professional advice.
Use verified, tailored advice
Before an investment, relocation or transfer, request a current assessment covering all relevant countries. Record the assumptions on which the assessment relies and the changes that would trigger a review. Do not assume that a headline incentive applies to every family office or that licensing alone establishes eligibility. [incentives for licensed family offices: wording to be confirmed] Tax rules can change and individual circumstances differ. The appropriate next step is a conversation with qualified tax and legal advisors, supported by complete information, rather than a decision based on a general summary. Maintain a file of advice, supporting documents and relevant dates. Revisit it when residence, ownership or the nature of an investment changes. A clear record of the original analysis allows advisors to identify which assumptions remain valid and which need to be reconsidered.
Further reading
The information on this site is general in nature and does not constitute legal, tax or investment advice.