WE UNDERSTAND
We review your asset profile, present ownership, family circumstances and objectives.
We look at what you own, how it is held, who is intended to benefit and the practical constraints that any succession plan needs to respect.
Private Wealth & Succession
Specialist tax advice for individuals, families and business owners protecting, structuring and transferring wealth.
Book a consultationWhat do we advise on?
We advise individuals, families and business owners on the tax issues arising when wealth, businesses and property are transferred, restructured or passed between generations.
Our work includes inheritance and gift tax, business succession, Business Relief, Agricultural Relief, trusts and estate planning, Retirement Relief and wider family wealth structuring.
How do we help?
WE REVIEW
We calculate the potential tax cost of transferring assets or wealth to the next generation.
This includes gift or inheritance tax, capital gains tax, stamp duty and any other tax consequences that may arise under the options being considered.
WE GIVE OPTIONS
We then identify the reliefs, exemptions and tax-free thresholds that may reduce or eliminate that exposure.
The important question is not simply whether a relief exists, but whether its conditions can be satisfied and preserved as part of the wider succession strategy.
WE DESIGN
With the tax position clear, we co-ordinate with your accountant, legal and valuatoin advisors to ensure smooth implementation.
The right solution is often a carefully planned sequence of steps rather than a single transaction.
WE IMPLEMENT
Finally, we put the agreed strategy into effect, coordinating the tax, legal and practical steps required to implement it.
Valuations, documentation, timing and relief conditions all need to align so that the plan works as intended.
Succession planning is about more than reducing tax.
The lowest-tax answer is not necessarily the right answer. Control of a business, financial security, family relationships, future growth and the timing of a transfer can be every bit as important as the tax cost.
Our role is to understand the wider objective first and then develop a tax strategy that supports it.
Frequently asked questions
Some of the questions that commonly arise when planning the transfer of family and business wealth.
The answer depends on the relationship between the parties, previous gifts and inheritances, the nature of the assets being transferred and whether any specific reliefs are available.
Potentially. A number of different reliefs can apply to business transfers, but their availability depends on the precise ownership, trading activity, value and circumstances of the transfer.
There is no universal answer. The tax outcome, future asset growth, the donor's financial requirements and control of the assets all need to be considered.
In some circumstances structures can separate economic value, future growth and control. Whether this is appropriate depends on the assets involved and the wider family and commercial objectives.
Private Wealth & Succession
Talk to us about your circumstances.
Early advice can materially change the options available when transferring significant assets or a family business.