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
 
Jeannette Hume
4th September 2018 EIS Test Case: Capital gains tax exit exemption not linked to income tax entry claim.

In a recent HMRC test case (Ames v CRC), the Upper Tribunal considered whether it was necessary for EIS income tax relief to have been claimed when an EIS investment was made, for the transaction to then potentially qualify for exemption from capital gains tax when the investment was sold. For the case in question,…

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Keith Day
30th August 2018 Preparing for Retirement

Retiring early is the dream for all of us, it is a chance to do more of what you enjoy, yet unsurprisingly the majority of us have never tried to calculate how much money we will need to save to live comfortably in retirement.  Your likely income needs will depend upon whether in retirement you…

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Philip Peters
28th June 2018 Trading Allowances Change

Do you remember when eBay first emerged and become a revolutionary trading platform for buying or selling and, yes, turning a profit? As social-media has expanded, so have trading websites to the extent that there’s hardly a town, village or group that does not have a ‘buy’n sell’ page.   HM Revenue & Customs have…

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Jodie Tarbin
11th June 2018 Changes ahead for CGT payment

HM Revenue & Customs is proposing, in less than two years’ time, to rewrite the rules around Capital Gains Tax, CGT, following the disposal of a residential property. The current timescale for payment is going to be slashed to 30-days. From April 6 2020, a payment-on-account of CGT, will be required following the sale of…

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Ian Piper
23rd May 2018 EMI Share Options: EU waives opportunity to ‘be difficult’.

Tech companies that have a business plan of developing a new product, with the aim of an eventual trade sale or IPO exit, will be very familiar with EMI share options. These options give generous personal tax breaks, to help recruit, retain and reward middle management and key workers. Under generic EU principles, such tax…

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Scott Butcher
5th April 2018 Deadline Approaching for ATED forms

  If you have a residential property which is worth more than £500,000 and is held in a company then you will be required to complete an Annual Tax on Residential Dwellings (ATED) form. The deadline is fast approaching with all ATED forms for 2018 to 2019 tax year being due for filing by 30th…

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Richard Alecock
5th April 2018 Top mistakes tax payers make when completing their tax returns.

  Making mistakes on self assessment tax returns however innocent can lead to enquiries, investigations and additional tax, interest and penalties. Below are some of the top mistakes many people make: Forgetting to include income from a previous employment that ended part way through a tax year. Forgetting to include benefits from a previous employment…

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Richard Alecock
23rd February 2018 Late Paid Income Tax 2016/17

  A 5% penalty will be imposed for those who have not paid their 2016/17 Income Tax, Capital Gains Tax and Class 4 National Insurance Contributions by Friday 2nd March. The due date for payments was 31st January 2018, however the penalty can be avoided if a time to pay arrangement is agreed in advance.…

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Paul Tatum
5th December 2017 Charity Accounts: New Independent Examination Rules

  For many years now, many mid-sized UK charities have been required to subject their annual statutory accounts to independent examination. For such charities, with income within the range of £25,000 to £1m and gross assets of less than £3.26m, an independent examination is a lighter touch of independent scrutiny than a full audit. As…

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Philip Peters
26th November 2017 Buy to Let – minimising income tax

In recent years the tax system has been used increasingly to try to influence behaviour in the buy to let property market – the increases in Stamp Duty Land Tax, the restriction of tax relief for mortgage interest and the higher rate of capital gains tax for residential property sales are all examples of government…

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