Tax Planning
Tax planning is a vital component of wealth management and our Financial Planners can help with all the key issues affecting UK taxpayers. This includes advising on minimising exposure to inheritance tax and the complex rules relating to capital gains tax and income tax.
Income Tax
We will start by carrying out a review of your income to understand your current tax position. As well as assessing whether you are taking advantage of your personal allowances , we will also consider tax efficient investments such as ISAs, Venture Capital Trusts, National Savings and insurance bonds, both onshore and offshore. All have income tax advantages, depending on your eligibility and some have capital gains tax and inheritance tax benefits . Our Jersey and Guernsey offices can establish offshore trusts and companies, which can be particularly profitable for investors not resident in the UK .
Estate Planning and Inheritance Tax
More and more estates are being devastated by large inheritance liabilities, so a good understanding of the current law can be a valuable asset. Our Financial Planner can advise on the investments that are available and whether they are suitable for you.
There are a number of options that could enable you to reduce or legitimately avoid your inheritance tax liability. They include certain life assurance policies, annual gift allowances and Business Property Relief in qualifying companies.
Tax shelters/Offshore Financial Planning
If you are working abroad in a low tax or tax-free environment, whether for a short or extended period, a professional adviser could help you make significant savings. We can help you create a strategy to take advantage of any tax benefits and create capital out of income.
Capital Gains Tax Mitigation
If you are facing a possible capital gains tax liability, you wish to take advantage of our Enterprise Investment Scheme Portfolio service. If this is a suitable investment for you, our specialist Investment Managers can build a portfolio of qualifying companies which entitles you to defer capital gains tax while also enjoying tax-free growth and income tax relief.
Please note that the tax benefits described on this page are subject to change and your ability to benefit of from them is dependent on your personal circumstances.
For further information please complete our online form or contact one of our financial planners.