We aim to provide comprehensive, joined up advice on all aspects of tax relevant to private clients. Examples of what we advise on include:
Non-domiciled individuals
- Ensuring non-UK income remains outside the scope of UK tax;
- Remittance basis claims; and
- Gaining or losing domicile in particular jurisdiction.
Residence
- An individual’s residence status under both case law and the new statutory residence test; and
- How residence in a particular jurisdiction can be lost or established.
Capital gains tax
- Principal private residence relief;
- Negligible value claims; and
- Disposals of EIS/SEIS/VCT shares.
Employment
- Taxation of termination payments;
- Employee share awards;
- Taxation of employment benefits; and
- Employee or self-employed status and IR35.
Investments
- Tax relief for EIS, SEIS and VCT investments; and
- Other tax efficient investment strategies.
Pensions
- Maximising income tax relief for pension contributions;
- Dealing with the annual and lifetime allowance charges;
- Options available for drawdown;
- The tax treatment of pensions not used to purchase an annuity; and
- The inheritance tax treatment of pensions.
Property planning
- The benefits and tax consequences of holding property personally or through a company;
- Minimising the tax on transfers of property and SDLT;
- Taxation of non-resident landlords; and
- Principal private residence relief including back garden developments and periods of absence.
Divorce/matrimonial
- Transfers of business assets;
- Capital gains tax planning; and
- The impact on wills and IHT issues.
Self-assessment and other compliance issues
- Tax issues involving self-assessment and the making of tax claims; and
- Preparation and filing of UK tax returns.
Trust and estates
- Comprehensive estate planning strategies, including the analysis of cross-border succession and taxation issues;
- Availability of business property relief and other IHT reliefs;
- The ongoing tax affairs of trusts and the tax consequences of possible variations or terminations of trusts; and
- We can also arrange for new wills, trusts and powers of attorney to be established.