We regularly advise our clients upon steps to be taken to mitigate the fiscal burden upon them.
It is normal to consider dividend planning for our company clients and their shareholders.
We also alert our clients to possible problem areas in relation to capital taxation i.e. Capital Gains Tax and Inheritance Tax as part of a review of their Tax Returns as well as in connection with one-off transactions.
Estate planning can be a delicate balance between achieving tax-efficiency and recognising the intricacies modern day relationships. We are to advise upon the fiscal implications of marriage or entering into a civil partnership as well issues arising from impending divorce or death. As part of a review we will normally work with our client’s legal advisers to ensure that the appropriate provisions are incorporated in Wills or Trust Deeds.
We can also alert our clients to tax –efficient investments working with IFAs to ensure that the tax benefits do not cloud any investment risks.
We have considerable expertise in claiming the appropriate tax relief for clients who participate in tax avoidance schemes of differing types. The Financial Services Act prevents us from recommending or advising upon such schemes other than in relation to the taxation consequences but we have a number of contacts who can promote such schemes and who are happy to work with us in providing a tailor-made solution. However, it must be borne in mind that HM Revenue & Customs are adopting a much more aggressive approach to artificial tax avoidance transactions, normally, resulting in the launch of a tax enquiry and participation in such schemes are not for the faint-hearted. Our experience is that there is normally a considerable delay in obtaining repayment of tax from HM Revenue & Customs resulting from the participation in such schemes.
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