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 November 2018 New Year, New….. Tax Return

  There are only 76 days until the self-assessment tax return deadline of 31 January 2019. If your return is not filed by this date an automatic £100 penalty will be applied. With the festive season on the horizon it’s easy to push the tax return deadline to the back of your mind, however don’t…

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Jeannette Hume
8th November 2018 EIS: v2?

Observers of recent Budgets will have noticed that the Chancellor has made several references to “EIS Knowledge Intensive Funds”, as a new initiative to help finance growth in innovative firms. He has even invented a new phrase to describe this type of funding: ‘Patient Capital’. The initial March 2018 Consultation Paper has now closed for…

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Andrew Winearls
8th November 2018 Entrepreneurs’ Relief changes

The government announced, as part of the Budget, that some changes are being made to the rules for Entrepreneurs’ Relief (ER) with immediate effect for disposals on or after 29 October 2018. Two new tests are to be added to the definition of a ‘personal company’, requiring the claimant to have a 5% interest in…

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Victoria Stokes
15th October 2018 Preserve your wealth

Discover how to manage your wealth effectively at our annual event led by our wealth management and tax experts. There will be three presentations followed by a light lunch – a great networking opportunity. Tax planning tips & traps Barbara Nicholas, Tax Partner at Whiting & Partners  Passing on Wealth – How hard can it…

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Ian Piper
26th September 2018 TechCos: Preserve ER with new tax election

Those companies that continually go through funding rounds, such as your typical techco start-up, should be aware that HMRC are introducing a new tax election wef 6-Apr-19: Proposed legislation contained within the Finance Bill 2018 This election will allow shareholders who hold at least 5% of the company on 6 April 2019, and who are…

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Thomas Carter
25th September 2018 Registering for self assessment

The deadline for registering for self assessment is 5 October for the 2017/18 tax year. Anyone submitting a self assessment return for the first time – including higher income child benefit charge (HICBC) taxpayers – need to register by 5th October 2018 so that they can complete and file their return by 31st January 2019…

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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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