Private Client Services
We provide our clients with thorough and complete tax driven support but we also offer a wide range of complementary services. For example, taking advantage of the breadth of experience of our Partners and staff, clients often use us as a "sounding board" on a variety of matters. If we cannot help we have contacts that can.
Tax return preparation for individuals is becoming increasingly complex. Our aim is to reduce that burden while identifying opportunities to achieve savings. We review family situations in order to plan for present and future requirements and to protect and enhance wealth and assets. We offer practical planning advice and compliance services, including assistance with:
- Preparation, completion and submission of annual income tax returns
- Utilisation of income tax and capital gains tax deferral relief where investments have been made under the enterprise investment scheme or venture capital trusts
- Reviewing and maximising the benefit wherever possible of the selection of tax reliefs/claims/elections often available to taxpayers
- Capital gains tax entrepreneurs’ relief, capital loss and negligible value claims
- Using the availability of a main residence tax election to reduce capital gains tax where more than one property is owned
- HM Revenue & Customs enquiries and investigations including correspondence, meetings and negotiations as necessary
- Calculations, documentation and correspondence with HM Revenue & Customs taking advantage any relevant disclosure facilities
- Calculations for inheritance tax and all related matters such as business property relief, gift planning, pre-owned assets tax, ten year anniversary charges
- Gift Aid paperwork and the reduction in tax payable by individuals as well as the related reclaim by trustees of charitable trusts
- Payroll bureau services for domestic employees
- Becoming tax resident/not resident in the UK
- Matters affecting non domiciliaries including consideration of annual “remittance basis claims” and evaluation of whether or not a claim is worthwhile
- Making tax efficient remittances to the UK and/or taking advantage of inward investment opportunities
- Registration with HM Revenue & Customs for Non Resident Landlords(individuals/trustees/ companies), obtaining NRL approval and preparation of rental accounts and completion and submission of relevant income tax returns
- Distributions and capital payments received from non resident trustees and disclosure for income tax and capital gains tax purposes; Calculations for offshore trustees of pools of income and stockpiled gains
- Analysis and calculations for use in litigation support and forensic tax accounting.
