Private Client Tax

We offer high quality compliance and advisory services to private clients covering all aspects of Income Tax, Capital Gains Tax and Inheritance Tax.

We are proactive in seeking ways to mitigate exposure to all these taxes and careful not to save one tax at the expense of another.

Our client base ranges from high net worth individuals with numerous investments and income sources, non-UK domiciliaries, overseas residents, employees and directors with share scheme packages, those with significant property portfolios and to those who have a number of pensions and/ or bank accounts.

 

Specific private client tax areas which we are typically asked to advise on include:

  • Income and capital gains tax on buy-to-let residential properties
  • Disclosure and taxation of benefits in kind
  • Taxation of trusts
  • Exercising and taxation of share options
  • Income tax on pension and investment income
  • Share pooling rules for sales of quoted shares
  • Claiming maximum tax relief for contributions into pensions
  • Minimising exposure to inheritance tax
  • Other tax planning
  • Dealing with HMRC tax enquiries

 

The Private Client Team operates alongside other service sectors within the firm. If you have a business but require specialist personal taxation advance, we can accommodate your needs.

 

Why choose us?

  • Highly experience d team of specialists across all aspects of Taxation
  • Proactive tax planning advice
  • Locally based offices

 

Download our Private Client Tax leaflet below to discover more about the services we can offer

 

 

Our Tax Group Commentary on Private Client Tax Aspects of:

2017: Budget 

2016: Autumn Statement Budget 

2015: Autumn Statement | Summer BudgetSpring Budget 

2014: Autumn Statement | Budget 

2013: Autumn Statement | Budget

2012: Autumn Statement | Budget 

2011: Autumn Statement  

Our Tax Group “A Brief Guide to...” Publications:

 

Get in touch with your local office and speak to one of our specialist advisers about our Private Client Tax services.



 
Latest Blogs in Private Client Tax
 
Matilda Mawson
16th May 2019 2019/20 Changes to Personal Tax and How It Could Save You Money

With the new tax year in full swing, we set out below some of the changes to various allowances and tax bands that affect how much tax you are paying: The personal allowance (the amount you can earn before you begin paying tax) has increased from £11,850 to £12,500. The basic rate tax band has…

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Lucy Bayliss
13th May 2019 Marriage Allowance

  As detailed in a recent blog written by Matilda Mawson (https://www.whitingandpartners.co.uk/has-your-claim-for-marriage-allowance-transfer-been-refused/), a ‘Marriage allowance’ was introduced from 5 April 2015 onwards, which allows a person 10% of their personal allowance to be given to their husband, wife or civil partner.   However, if you or your partner were born before 6 April 1935, you…

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Vanessa Pearson
8th May 2019 Lorraine Kelly wins IR35 battle with HMRC; would you?

A recent series of HMRC high-profile court cases have brought Contractors back into the tax spotlight. TV presenters Lorraine Kelly, Kay Adams and Christa Ackroyd have all defended their working practices with mixed success.   HMRC claimed all three should have been taxed as employees rather than business owners. HMRC won the case against Ackroyd…

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Lucy Bayliss
11th April 2019 £10 a day from the 1st May!

If you submitted your tax return after the filing deadline of 31 January, or you still have not submitted your tax return, then you will automatically be fined £100 for missing the deadline.   In February, HMRC announced that they would be delaying issuing the late filing penalty notices due to Brexit. They have now…

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Matilda Mawson
10th April 2019 Has your claim for marriage allowance transfer been refused?

  HMRC have recently attempted to remove a marriage allowance transfer for a couple, where the transferor had less than the 10% personal allowance unused. This treatment is incorrect as outlined below:   Background to the transfer The marriage allowance transfer was introduced from 5 April 2015 onwards and allows a person to transfer 10%…

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Lisa Smith
11th March 2019 UK residents with UK residential property gains – new obligations from 6 April 2020

From 6 April 2020, UK residents disposing of UK residential property will have new capital gains tax (CGT) reporting and payment obligations. The introduction of a 30-day reporting and payment window, i.e. within 30 days of completion of the sale, marks a significant change to the administration of CGT.   The changes do not apply…

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Stephen Malkin
28th February 2019 The ‘Right to Build’

In 2016, new legislation came into force which meant that councils now have a duty to grant planning permission to appropriate serviced plots as part of the ‘Right to Build’ entitlement. This was part of the government’s solution to tackling housing shortages across the country – the objective was to double the value of the…

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Ian Piper
18th January 2019 CryptoCurrency Taxation: HMRC close loophole?

HMRC are not known for being ahead of the curve, so trying to find official guidance on how exchange gains from selling bitcoin, and other crypto currencies, is expected to be self-assessed and taxed, was always going to be ‘problematic’. At the time of first researching this, the latest HMRC guidance was published in 3…

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Stephen Malkin
11th January 2019 Financing your self-build project

  Borrowing to build Self-builders require more money up front than conventional homebuyers. This is because they have to buy their building plots and fund their planning applications before they can apply for any loans. Self-build mortgages tend to be interest-only as fixed-rate loans have substantial exit fees for those who change loans when the…

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Lisa Smith
11th December 2018 To file or not to file, that is the question!

In common with many people, our client was notified in January 2018 that he no longer needed to file a tax return.  As he receives income from multiple sources, i.e. a salary, various pensions and savings income, he wasn’t convinced that he had paid the right amount of tax for the year ended 5 April…

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