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Tax planning

When planning your family’s inheritance, naturally you want to pass on as much wealth as possible to future generations and minimise the amount absorbed by taxes. But finding the right solution can be a complex process. We work with you to develop an in-depth understanding of your financial circumstances and deliver tailored solutions, enabling you to pass on your assets tax-efficiently.

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Tailored, effective solutions

Without careful inheritance tax planning, your wealth, estate or business interests may need to be broken down or sold to realise the tax liabilities. Drawing on our specialist knowledge of family wealth, commercial structures and farming estates, we can advise you on structuring your assets to maximise available tax reliefs and pass on your wealth, intact.

Our commercially-minded advisors adopt a bespoke approach, assembling a team tailored around your needs to deliver solutions that work for you. Using a range of options, from trusts to family investment companies, business structures, partnerships and wills, you can ensure your benefactors receive a larger inheritance, while minimising capital gains and income tax.

We understand you are busy, and will always prioritise your schedule to visit you at convenient times. Drawing on expertise from across the firm, we are committed to helping you achieve your strategic tax planning goals.

Highlights

Our Personal Team has been involved in a number of high-profile matters. Highlights include:

  • acting for a family in the mitigation of tax for the next generation, involving the partitioning of their land and the use of trusts
  • working on behalf of a private client in the sale of a multi-million pound painting and looking at the conditional exemption
  • acting for executors in a multi-million pound estate encompassing contentious and non-contentions issues, including the maintenance of two farms and heritage property

  • creating trusts for inheritance tax planning purposes for a family during the administration of a parent’s estate, as well as using the trusts for income tax mitigation
  • restructuring an estate for tax-efficiency purposes in a case where the client didn’t want to use trusts

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