Creating and preserving your legacy.
Considering estate and succession planning during your lifetime gives you the opportunity to structure your affairs in a flexible and tax-efficient way for the short and long term. You may be looking to provide for children or grandchildren without them having control too soon, preserve business assets, or protect a disabled child. To ensure that your wealth is structured in line with your priorities, you need an expert adviser to provide you with creative and individually tailored advice. While the scope for people domiciled in the UK to create new trusts tax-efficiently is more restricted than in the past, there are still a number of planning options.
Our team will guide you through the available tax and succession planning opportunities and provide effective strategies to deal with issues which could impact the transfer of wealth including marital breakdown, financial immaturity, mental incapacity and providing for disabled beneficiaries.
We support individuals, families and trustees in the establishment and administration of trusts and other estate planning structures. We also advise on the ongoing management of existing trusts, including changes of trustees, restructuring and taxation.
We know that each and every client is unique so we spend time gaining a thorough understanding of your specific circumstances and what is important to you and your family with regards to succession. We will then work with you to manage your estate in a way that is tax-efficient and fulfils your wishes for your family’s future.
What is IR35?
IR35 was introduced by the Government to counter perceived tax avoidance where individuals were providing their services through an intermediary, such as a personal service company. From 6 April 2020 these rules expand to the private sector and, if IR35 applies, there can be significant tax consequences. Read our short summary of the key points and how to move towards compliance.Download guide
Pre-Budget CGT Planning
With changes to Entrepreneurs Relief widely predicted to be announced in the Budget on 11 March 2020, entrepreneurs and business owners must act without delay to “lock in” CGT rates at their correct historic low. Read our summary of the potential changes and how our team can support you with your planning.Download guide
How are your cryptoassets taxed?
December 2019’s guidance note set out HMRC’s view on the appropriate tax treatment of cryptoassets for individuals. Read our guide outlining what you may need to pay and what records you may need to keep.Download guide