Mitigating your estate’s liability for inheritance tax and capital gains tax is important to you. We understand that. That’s why tax mitigation strategy forms an integral part of our advice on your financial affairs. But, for tax mitigation to be successful, early planning is essential.
A review of the available exemptions and reliefs, such as agricultural property relief and business property relief, will form part of what we do. And, of course, our team is accomplished in the strategic use of wills and trusts for tax planning. But first, we’ll assess your goals and objectives. We can then define a suitable tax strategy.
We can work with your financial advisor to achieve a result specifically tailored to your requirements. If necessary we can bring in other professionals such as an accountant or tax specialist to provide you with a rounded service.
Recent examples of our experience helping clients mitigate their tax liability include:
- Advising a farming and business owning family based in Somerset on complex issues of trusts, tax and succession planning, with consideration of agricultural and business property relief.
- Advice to a wealthy landowning family on the use of tax efficient wills and the tax considerations relating to family trusts.