Individuals

Income tax planning

Our personal tax services will help you to save tax and also to plan your finances efficiently. We can advise on planning opportunities within the tax system including the use of the lower and basic rate tax bands, remuneration planning, pension contributions, charitable donations and investment in Venture Capital Trusts.

Capital Gains Tax (CGT) planning

We will help you to make use of the reliefs available to you in planning for capital disposals. We deal with disposals of businesses, property and shares and can help you to reduce your tax bill by advising on the timing of disposals, business asset taper relief and private residence relief, and will advise you on the use of schemes such as the Enterprise Investment Scheme to defer any tax liability.

Inheritance Tax (IHT) planning

With increasing property prices, IHT is rapidly becoming a tax problem for many people. We will review and help you to write your will to ensure that it is tax efficient. We will also work with you on a planning strategy to make maximum use of the reliefs available to you and to advise on lifetime giving and business and agricultural property relief. We can also consider any issues which may arise from the recently introduced pre-owned assets tax.

Matrimonial

It is often easy to overlook the tax aspects of separation and divorce during times of great emotion. We will work with you and your solicitor to ensure that the financial settlement which you reach is tax efficient and does not give rise to unexpected tax liabilities.

Trusts

Trusts are a very powerful part of lifetime and will planning. They can be used in the passing on of the family business and wealth and can protect against the liability and loss through divorce. As part of will planning, a discretionary will trust is a vehicle which can immediately save substantial amounts of inheritance tax .

For further information please contact Mark Sheen.