Private Client Services

Embarking on and managing a business journey is both exhilarating and demanding, often requiring significant dedication and effort. It’s essential that you can reap the rewards fittingly. Our expertise in tax matters enables us to guide you in crafting a strategic approach to minimise unnecessary tax liabilities.

For business owners, we offer tailored tax advice, leveraging our experience and insights to devise the most efficient tax strategy for your unique circumstances. We’ll explore the common methods of profit extraction, including salary, dividends, and pension contributions, providing insights to optimise each avenue.

Trusts have traditionally played a pivotal role in estate planning, offering flexibility and control over asset gifting. However, evolving legislation has gradually diminished their tax advantages, leading to the increasing popularity of Family Investment Companies (FICs), especially for high-value assets.

A Family Investment Company retains the control and flexibility akin to a Trust while delivering enhanced tax efficiency, benefiting both the founder (the individual funding the company) and its beneficiaries. We provide comprehensive guidance on the merits and drawbacks of each approach, empowering you to make an informed decision based on your specific circumstances.

You’ll benefit from:

• Establishing and maintaining a Trust, with consideration of all relevant taxes including Inheritance Tax, Capital Gains Tax, Income Tax, and Land and Buildings Transaction Tax
• Ensuring cohesion between Trust advice and wider succession planning for your family and business interests
• Managing all associated tax compliance tasks, from notifying HMRC to preparing annual Trust tax returns
• Regularly reviewing Trust arrangements to ensure the preservation of your family wealth for future generations
• Setting up and maintaining a Family Investment Company (FIC), including structuring, financing, and tax-efficient profit distribution
• Understanding the Inheritance Tax benefits of using an FIC structure and its potential interaction with Trust tax planning
• Handling all associated tax compliance matters, from initial setup to annual reporting obligations
• Receiving advice on the suitability and structure of your family Trust

Partnerships and LLPs serve as versatile business structures across various sectors, spanning agriculture, property, professional services, and joint ventures. While their flexibility appeals to businesses and entrepreneurs, they are governed by intricate tax regulations that continue to evolve.

Our private client services team leverages their expertise to guide your partnership and provide personalised support to individual partners regarding their finances. We ensure accurate and current tax reporting, offering proactive specialist advice to empower confident decision-making. With our assistance, you can approach challenging situations with confidence and clarity, giving you peace of mind.

Given the uniqueness of your tax situation, we employ a bespoke, tailored approach to uncovering the most suitable and tax-efficient solutions for your individual requirements.

Drawing from years of experience advising diverse clients, we understand that optimal outcomes stem from understanding your aspirations and future goals. By delving into your circumstances, we can recommend tax planning strategies that safeguard your assets and help you make the most of their value.

Our proficient team encompasses comprehensive expertise across various tax planning domains, encompassing:

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