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Steve Sorotzkin

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Steve Sorotzkin, of counsel with Neuberger, Quinn, Gielen, Rubin & Gibber, P.A. since 2017, is based in London, United Kingdom and concentrates his practice on advising clients on international tax and estate planning.   

Education
  • University of Baltimore School of Law (J.D., Cum Laude)
  • Georgetown University Law Center (LL.M., Taxation)
Bar Admissions
  • Maryland
Professional Background
  • ExCapsa International Tax Consulting Group LLP, London, UK 
    Managing Partner, 2015- Present 
  • Hassans, International Law firm, Gibraltar 
    Of Counsel, 2008 - 2015     
  • PricewaterhouseCoopers, Investment Management Group London, UK
    Senior Manager, 2004 – 2008 (Manager and Senior Manager since July 2006) 
  • Wolfgang Goethe University, ILF, Frankfurt, Germany
    Adjunct Professor, 2003 – Present 
  • PricewaterhouseCoopers, US Tax Desk, Berlin, Germany
    Manager, 2002 –2004 
  • Ernst & Young, LLP, Financial Services Industries Tax Consulting Group, New York USA
    Senior Tax Consultant, 2000 – 2001
  • The Law Offices of Levin and Gann, P.A., Baltimore, Maryland USA
    Corporate and Tax Associate, 1999 – 2000
  • The Honorable Robert M. Bell, Chief Judge, Court of Appeals of Maryland USA
    Law Clerk, 1998 - 1999 
Representative Recent Experience

Real Estate 

  • Advising on structuring an acquisition of a shopping center in New Jersey, USA by UK and Israeli investors.
  • Advising Israeli and US investors on structuring a €150 million hotel and office development project in Paris, France.
  • Advising a partnership of UK and Swiss investors on the US tax implications of a $230 million acquisition of a US hotel. 
  • Advising an Israeli Insurance Company on structuring a JV with a US based private equity fund, on issues of acquiring and financing German residential portfolios. 
  • Structuring an acquisition of a €100 million residential portfolio located in Denmark, by way of a share deal by a consortium comprised of an American listed financial services company, an AIFIM regulated property fund, and several UK family offices. 
  • Advising a UK family office on the acquisition of a student housing project in Denmark.
  • Advising an Israeli family office on structuring a CAD 180 million real estate financing transaction in Canada. 
  • Coordinating the work of tax advisors from four jurisdictions, on structuring the carve-out of a large Swiss real estate portfolio worth CHF 300 million, from a takeover by lenders, and the tax–free transfer thereof into a tax efficient holding structure. 
  • Structuring a JV between Mexican and Swiss partners to invest in German real estate. 

High Net Worth Individuals, International Estate & Pre-Immigration Planning 

  • Estate planning for a UK based person with a global real estate portfolio involving planning inter-generational transfers to UK, US and Israeli family members. 
  • Advising a UK / US based family on a tax efficient restructuring and division of a global real estate portfolio between beneficiaries of an estate.   
  • Advising an offshore trust on the restructuring of a large property portfolio based in the USA, Switzerland, Netherlands and the UK, with the aim of enabling tax efficient distributions to beneficiaries in the UK, Israel and the USA.   
  • Advising a family on the US and Israeli tax implications of a divorce settlement. 
  • Pre-US migration planning for a Monaco based family owning a diverse investment portfolio in the property, telecommunication and pharmaceutical sectors. Work involved structuring complex insurance products and the set-up of several foreign and US trusts to mitigate US estate taxes and enable tax efficient distributions to US family members.  
  • Advising a UK based family office on the restructuring of its £170 million UK and US property portfolio, with the aim of optimizing post tax returns to UK, Israeli and USA family members. 
  • Advising a family holding significant global real estate and hotel portfolio and on the tax implications [multiple jurisdictions] of a restructuring in the context of a divorce settlement. 
  • Pre-immigration planning for a UK investment banker relocating to the USA. 
  • Advising on the estate planning of a Swiss high net worth individual, with family members residing in 5 jurisdictions including the USA, owning a global hotel and construction business and a portfolio of active and passive real estate investments in Europe and in the USA.  
  • Structuring a gift of shares, valued at USD 10 million, in a global tourism company from the family senior generation to three family members located in the US and the UK.
  • Pre-US migration planning for a UK based family owning a significant Pan European property portfolio. Work involved stepping up the basis of underlying assets, and the set-up of several foreign and US trusts to enable tax efficient distributions to US and UK family members.  
  • Pre-immigration advice to an Israeli individual relocating to the UK.  
  • Advising a UK based family on pre-US immigration tax planning.  Work involved re-structuring a USD 2 billion active business in the tourism sector based in 6 jurisdictions, restructuring of existing family trusts, and the set-up of new US and foreign family trusts. 
  • Advising numerous European based clients on pre-immigration issues prior to relocating to Israel. 
  • Pre-immigration planning for a Greek family relocating to the USA. Work involved a multi–jurisdictional restructuring of a diverse portfolio with significant holdings in the energy, food and shipping sectors. 

International Tax Structuring 

  • Structuring an investment by a US partnership into an Israeli winery. 
  • Advising a large US private equity firm on restructuring its loan portfolio secured by Belgian assets. 
  • Advising South American investors on setting up a holding structure for acquiring a USD 200 million investment in Israel. 
  • Advising a US entrepreneur on the set up of a structure holding shares in UK and Jersey companies providing data mining services. Work involved US estate planning, CFC planning, IP transfers, and negotiating tax provisions with offshore JV partners.