Personal Tax Planning

Your tax affairs don’t stop at completing a Tax Return. Personal tax planning impacts all areas of your financial considerations, from managing tax exposure when selling an asset to deciding how your estate should pass down through the generations.  

Lynn

Lynn Gracie

Private Client International Tax Partner

Contact Lynn Meet the team

Who we can help

  • ENTREPRENEURS
  • HIGH NET WORTH INDIVIDUALS
  • INTERNATIONAL PRIVATE CLIENTS

How we can help

  • PERSONAL TAX
  • INCOME TAX
  • CAPITAL GAINS TAX
  • INHERITANCE TAX
  • PROPERTY TAX
  • TRUST PLANNING & FAMILY INVESTMENT COMPANIES

PROACTIVE & PRACTICAL PERSONAL TAX PLANNING

Speak with our personal tax planning team

Your tax affairs will be unique to you, so we will adopt a bespoke, blank canvas approach to finding the most appropriate and tax-efficient answers for your personal needs.  

The experience of advising numerous clients over many years tells us the most effective results are achieved by getting to know you, and your hopes for the future, so we can suggest personal tax planning strategies that protect and realise the value of your assets. 

Our expert team covers all aspects of personal tax planning, including: 

  • Income tax 
  • Capital Gains Tax 
  • Inheritance Tax 
  • Succession and estate planning 
  • Trusts and Family Investment Companies 

REVIEWING & MINIMISING YOUR INCOME TAX

Tax legislation is complex and frequently changes, which may leave you wondering if you’re utilising all the various reliefs and benefits available to you. As we always keep up to date with the latest rule changes, we can give you timely advice and our latest thinking on all aspects of reducing your tax liability. 

Our personal tax planning services can advise you on tax efficient investments such as EIS, SEIS and VCTs, the reliefs we can claim for you personally and your family, and advising on the availability of relief on pension contributions, in line with the current limits. If you derive some of your income from property, our specialists will be able to advise you on the most tax-efficient approach.  

And yes, we will be delighted to complete your self-assessment tax return for you. 

Contact our tax team for advice

  • Following many years living and working overseas, returning to the UK raised several complex tax considerations for both my wife and me. The Private Client International Tax Team at AAB guided us through every aspect of our UK re‑entry with clarity and confidence, from confirming our UK tax residence position to explaining how UK tax applies to our income and gains going forward.

    David Mendelson

  • "I have been very much looked after by the Private Client team for a number of years now. Managed by experienced individuals, they are able to provide that sometimes elusive, bespoke, one to one professional advice.

    Joanna Robertson

  • The efforts of the team ensured that timely planning could be undertaken to the overall benefit of my family. AAB clearly demonstrated their expertise here and proved why it is always worth getting the best professionals on the job!

    Keith Fletcher

DON’T BE CAUGHT OUT BY CAPITAL GAINS TAX

From selling your business to disposing of shares, planning for and seeking ways to reduce Capital Gains Tax (CGT) is essential if you are intending to dispose of assets. Many people are unaware that even simply gifting an asset can trigger a liability to CGT.  

Our personal tax planning services can advise on a range of reliefs, including Business Asset Disposal Relief (formerly Entrepreneurs’ Relief), Holdover Relief and Rollover Relief as well as managing the timing of disposals to ensure any transaction is as tax efficient as possible. If you expect to undertake property transactions in the near future, we recommend you seek our advice at an early stage, so we can make you fully aware of the CGT implications and formulate a plan to minimise them. 

Help with capital gains tax? Get personal tax planning services

INHERITANCE TAX – THE LEGACY YOU DON’T WANT TO LEAVE

When planning to pass on your wealth to your family, it’s important to balance your desire to maintain your standard of living with providing generously for future generations. Inheritance Tax (IHT) doesn’t just come into play on your death, but can also affect you now.  

For example, if you currently own or have an interest in a business, you could potentially use Business Relief to reduce its value when calculating IHT. This could result in a substantial reduction to the IHT payable by your loved ones, therefore saving you having to divest yourself of money or assets during your lifetime to achieve the same goal. 

We can help by quantifying your current exposure to IHT, providing guidance on a range of IHT mitigation strategies, including charitable giving, lifetime giving and Trusts and Family Investment Companies, and considering the interaction of IHT with other taxes. 

Ask us about inheritance tax

MORE THOUGHTS ON SUCCESSION & ESTATE PLANNING

It often happens that parents or close relatives will give younger members of the family an asset, such as land or property, but continue using it themselves. If that’s something you’ve done or were thinking of doing, then beware – you may be liable to POAT (Pre-Owned Assets Tax). POAT is payable annually, which may come as an unwelcome surprise, but there are ways to avoid it. We can advise on how estate planning can achieve this. 

With estate and succession planning, there is an obvious crossover with other aspects such as ensuring your Will is up to date and reflects any tax-efficiency changes you have made. We work closely with other professionals, such as lawyers, land agents, stock brokers, bankers and financial advisors, whose services we can recommend to enable you to benefit from joined-up, practical and convenient advice. 

Reach out about our tax services

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  1. Blog18th May 2026

    Steve Roberts, Private Client Senior Manager and author of IHT and Pensions blog

    Inheritance Tax on pensions – 5 ways you can prepare

    The 2024 Autumn Budget introduced a fundamental shift to Inheritance Tax on pensions. From 6 April 2027, most unused pension funds and pension death benefits will be included in the value of an individual’s estate for IHT purposes.   This marks a significant departure from the current position where pensions have typically…

    By Steve Roberts

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  2. Blog6th Apr 2026

    Lynn Gracie, Private Client Partner and author of blog about Returning to the UK

    Returning to the UK from Middle East: Key tax considerations

    First and foremost, for anyone affected by the ongoing conflict in the Middle East, the priority must be to follow the latest travel advice and, above all, stay safe. The current situation may mean individuals have had to unexpectedly return…

    By Lynn Gracie

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  3. Blog19th Mar 2026

    Kerry McGhee, author of blog on year-end tax planning

    Year-end tax planning: Key considerations before 5th April

    With the 2025/26 tax year drawing to a close, many business owners and private clients are turning their attention to how best to optimise their income before the end of the financial year with smart year‑end tax planning. With confirmed…

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  4. Blog6th Feb 2026

    Author of Future Proofing your Wealth with Family Investment Companies and Trusts  FIC

    Family Investment Company Structures and Trust Planning Explained

    Experts from our Private Client and Business Advisory teams recently took part in an interview with BusinessTV. Paula Fraser, Hugo Hill and Tom Andrew shared insights on how a Family Investment Company (FICs) and Trusts are often used in tandem to…

    By Tom Andrew

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