Tax Services For Estates & Landowners

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.

Crummock

 

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

Tax returns for Executors and Personal representatives

Capital gains tax planning for Executors and Beneficiaries

Forms 922 and other self-assessment matters

Tax Interpretation of wills and will trusts.

Correspondence with H M Revenue & Customs Capital taxes office

Deeds of Variation and Deeds of Family Arrangement.

Inheritance tax planning and mitigation:

Insurance options

Potentially exempt transfers

Will planning

Advice on timing and order of transactions with beneficiaries 

Mitigating income tax liabilities in the administration.

Use of trusts in wills and general IHT planning for the estate

The 2006 changes to Accumulation and Maintenance Trusts


Landowners

Advising on status and structure of business enterprises.

Maximising valuable capital tax reliefs

Ensuring smooth passage of wealth down the generations.

Tax planning for disposals and/or gifts

Retention of valuable land-holdings within the family.

Mitigation of capital taxes on property and other valuable assets.

Advice on agricultural taxation; use of alternative farming structures.Soddy

Status of large country houses for tax purposes - is it a "farmhouse"?

Claims for "conditional exemption from IHT on works of art and similar items.

Tax advice on employments and staff benefits issues for the property estate.

Tax problems with Shoots and Syndicates?

The use of trusts for family capital tax planning.

Tax effective trusts for Grandchildren.

Provision for school or college fees?

Tax effective investments and planning advice.

Using offshore structures to mitigate taxation

Using Enterprise Investment Schemes and Venture Capital trusts

Maximising capital tax reliefs on land disposals