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PERSONAL TAX PLANNING
On 22 March 2006, proposals to change the inherittance tax
treatment of UK trusts were announced. When the legislation
has received Royal Assent, usually towards the end of July,
we will post revised briefings, but in the meantime, please
contact Bart
Peerless, Stephen
Pallister or Catriona
Syed if you need any information.
Our Expertise
At Charles Russell we have a number of lawyers in
our Private Capital Department who are specialists in the
taxes to which individuals are subject. We are therefore well
placed to offer advice on the implications for both UK residents
and non-residents on personal taxes.
Who do we advise on personal taxes?
• UK and non UK individuals wishing to protect
their assets and minimise tax
• Property owners, company directors, business persons
and investors
• UK and non UK based Trustees
• Non UK lawyers, accountants and other professionals
seeking expert tax advice
The taxes we advise on
• Income Tax
• Capital Gains Tax
• Inheritance Tax
How can Charles Russell help?
We are often able to save our clients substantial
sums as a result of the advice we give. We can either act
on an ongoing basis, looking at your financial affairs as
a whole, or act on a single transaction. Essentially tax planning
is personal. We take this into account and tailor our advice
to suit you.
Some of the savings we might suggest:
• Inheritance Tax - tax planning with the family home,
passing on business assets and planning for people who are
not domiciled in the UK are some of the areas we advise on
frequent >>more>>
• Capital Gains Tax - we can advise on effective planning
for start up companies, removing assets from offshore trusts
and effective planning for those who are immigrating to the
UK
How much will this cost?
This will depend mainly on how long it takes for us
to advise and to implement our advice, as well as on the complexity
of the transaction or advice given. In most cases the amount
of our fees is recovered many times over in the amount of
tax saved or avoided.
For further information, please contact:
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