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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.
Discretion. 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!
Estates
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Tax returns for Executors and
Personal representatives
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Capital gains tax planning for Executors
and Beneficiaries
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Forms 922 and other
self-assessment matters
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Tax Interpretation of wills and
will trusts.
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Correspondence with
H M Revenue & Customs Capital taxes office
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Deeds of Variation and Deeds of
Family Arrangement.
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Inheritance tax planning and
mitigation:
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Insurance options
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Potentially exempt transfers
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Will planning
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Advice on timing and order of transactions
with beneficiaries
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Mitigating income tax liabilities
in the administration.
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Use of trusts in wills and
general IHT planning for the estate
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The 2006
changes to Accumulation and Maintenance Trusts
Landowners
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Advising on status and structure
of business enterprises.
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Maximising valuable capital tax
reliefs
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Ensuring smooth passage of wealth
down the generations.
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Tax planning for disposals and/or
gifts
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Retention of valuable
land-holdings within the family.
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Mitigation of capital taxes on
property and other valuable assets.
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Advice on agricultural taxation;
use of alternative farming structures
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Status of large country houses
for tax purposes - is it a "farmhouse"?
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Claims for "conditional
exemption from IHT on works of art and similar items.
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Tax advice on employments and
staff benefits issues for the property estate.
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Tax problems
with Shoots and Syndicates?
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The use of trusts for family
capital tax planning.
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Tax effective
trusts for Grandchildren.
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Provision for school or college
fees?
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Tax effective investments and
planning advice.
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Using offshore structures to mitigate taxation
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Using Enterprise Investment Schemes and Venture Capital trusts
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Maximising capital tax reliefs on land disposals
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