Many people pay too much tax. We will examine ways of reducing your tax bill by maximising the use of available allowances, reliefs and exemptions and where necessary, restructuring the way in which assets are owned. The areas which we can examine include Inheritance Tax planning and Capital Gains Tax planning.
Estate Planning
We can provide specialist and comprehensive estate planning advice and help to minimise the tax due by:
Setting up an Inheritance Tax efficient Will and Trust structures
Advising on lifetime gifts to Trusts or individuals –If you are planning on making a gift of over £3000 you should seek advice on the tax implications.
Ensuring full use is made of the lifetime annual exemptions in particular regular gifts out of surplus income.
The use of financial services products for Inheritance Tax planning and mitigation.
Whether the generous Agricultural Property Relief and/or Business Property Relief could be used to help reduce the burden.
Tax Planning
We also offer a general tax planning service and can help with the following:
Advising on Income Tax
Managing Capital Gains Tax Requirements
Handling non domiciliary issues.
For further information contact us on 020 8432 2041 or email carshalton@mwsolicitors.co.uk.