Tax Services For Estates & Landowners
The tax system for the estates of deceased persons in the UK has undergone significant changes in recent years and now represents a daunting challenge for many to face when they are least prepared. We can deal with all the tax matters arising during the administration period and also most importantly offer detailed and often timely tax planning advice which may significantly reduce tax liabilities thus maximizing the inheritance of the beneficiaries.
Country Landowners have faced
increasing pressure on their incomes and assets over the last
fifteen years. Agriculture in particular has gone through some
testing times and remains in a considerably depressed state in many
parts of the country.
We have experience of dealing with the tax matters arising in
connection with large country estates and can offer advice on the
longer term and often complex tax planning and mitigation matters
which such estates involve.
Most importantly, for each of these types of client we
offer a discreet and personal service. Russell will work with you
and your solicitors, investment managers or brokers, bankers and
other professional advisers to provide specific solutions to
individual problems. He knows that families often disagree on these
matters and is used to dealing with the tax ramifications of such
situations and even coming up with solutions!
Tax returns for Executors and Personal representatives
Capital gains tax planning for Executors and Beneficiaries
Tax Interpretation of wills and will trusts.
Correspondence with H M Revenue & Customs Capital Taxes Office
Deeds of Variation and Deeds of Family Arrangement.
Inheritance tax planning and mitigation:
Insurance options
Potentially exempt transfers
Will planning
Advice on timing and order of transactions with beneficiaries
Mitigating income tax liabilities in the administration.
Use of trusts in wills and general IHT planning for the estate
Advising on status and structure of business enterprises.
Maximising valuable capital tax reliefs
Ensuring smooth passage of wealth down the generations.
Tax planning for disposals and/or gifts
Retention of valuable land-holdings within the family.
Mitigation of capital taxes on property and other valuable assets.
Advice on agricultural taxation; use of alternative farming
structures.
Status of large country houses for tax purposes - is it a "farmhouse"?
Claims for "conditional exemption from IHT on works of art and similar items.
Tax advice on employments and staff benefits issues for the property estate.
Tax problems with Shoots and Syndicates?
The use of trusts for family capital tax planning.
Tax effective trusts for Grandchildren.
Provision for school or college fees?
Tax effective investments and planning advice.
Using offshore structures to mitigate taxation
Using Enterprise Investment Schemes and Venture Capital trusts
Maximising capital tax reliefs on land disposals