Our wealth management division provides services to companies, entrepreneurs, wealthy individuals and their businesses to help with effectively managing their financial assets.

This includes as a major element expert taxation advice, covering both personal and corporate tax matters.

For the Individual
• Strategic tax planning.
• Guidance on transactions such as acquiring businesses or property.
• Capital tax planning.
• Tax aspects of Trusts & Estate planning.
• Advice on tax investigations.
• Share valuations.

• Our tax team will assist you in devising innovative and effective strategies for tax optimisation, planning, and compliance.
• We will help you find imaginative solutions to the problems you face.
• Tax advice on its own, is never sufficient. We will help integrate your tax planning with the rest of your financial affairs.
• Our corporate tax department provides services to a range of companies including investment companies, close companies and family companies as well as groups and consortia, and their shareholders and directors.

Our aim is to work closely with our clients to minimise their tax liabilities and to offer advice on their obligations and responsibilities.

Some of the tax matters we deal with are:

Corporate tax compliance
Our corporate tax team can prepare your corporate tax returns and is able to offer advice on payment and dates of such returns.

Tax investigations
Our team are on hand to offer advice and assistance in dealing with formal investigations by the Inland Revenue.

Share valuations
We have the expertise to prepare share valuations for tax purposes for both companies and shareholders.

International Aspects
Our corporate tax team offers advice:
• To companies on corporate residence and its effect on UK tax liabilities.
• To help companies overcome the problems that can arise when trading overseas. This includes the tax treatment of transactions in a foreign currency and transfer pricing issues where transactions are with companies in the same group but different countries.
• To help UK resident companies who invest overseas in countries with a lower rate of tax than in the UK. We can help you identify the situations where the Foreign Control legislation applies and its effect.

Family Companies: Tax Efficient Extraction of Funds
Careful tax planning is an essential part of extracting funds from your company. Our corporate tax team offers guidance on:
• The best way to extract your funds from the company and whether this should be by way of salary or dividend.
• The effects of the capital growth route if the funds do not need to be taken immediately
• The effects on directors and/or shareholders of lending money to the company.

Purchase of Own Shares
Essentially, there are two possible tax treatments of the repurchase by an unquoted trading company of its own shares.
The treatment to be adopted depends on whether certain conditions are satisfied.
Our corporate tax team can advise the company on whether these conditions are satisfied in order to determine and ensure that the correct treatment of the repurchase of shares is applied.

Company Reorganisations
We can advise companies on the rules for the transfer of trades between companies under common ownership and the tax relief's available. We then offer support to companies throughout such a transfer.

We can also advise companies on the conditions that need to be satisfied and the tax relief's available on the two forms of de-merger.
These are:
• A company transferring shares in its subsidiaries to its members as a distribution;
• A company transferring a trade or shares in a subsidiary to one or more new subsidiaries which then issues shares to the members of the distributing company.

Management Buyouts
Whilst our corporate finance division advises clients on management buy-outs and buy-ins, our corporate tax division is able to provide the specialist tax advice that accompanies such transactions.

By structuring ownership of an asset through a trust, you can potentially reduce:
• Income tax
• Capital gains tax (CGT)
• Inheritance tax (IHT) liabilities.

Our knowledge of trust taxation is essential to help identify the type of trust, and investment opportunities within that trust, most appropriate for you.

It is important to treat trust planning as an ongoing process.
The introduction of specialist planning schemes and the transfer of assets into trust can create immediate and significant tax savings.

However, it is just as important to ensure that ongoing advice is available on the taxation of income arising from trust property, the taxation of capital growth, whether tax liabilities arise during the life of a trust, and of course, the effect any legislative changes may have.
This helps to ensure that trust benefits are not just short-term, but longer-term too.

We are happy to work with clients through accountants or solicitors, who may be acting as Trustees or Executors of a will or involved in the creation of Trusts.

When required, we can engage the best external practitioners to assist in the implementation of your wishes.