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
 
David Salmon
29th January 2017 Tapered Annual Allowance

Pension Contributions: Maximum now restricted by tapered annual allowance. The annual allowance is the maximum value of pensions savings that you, your employer and other third parties can pay into your pensions each year without incurring a tax charge. The standard annual allowance for the 2016/17 tax year is £40,000. If you are a high-income individual…

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Andrew Winearls
28th January 2017 State Pension Entitlement

Voluntary Payment of Class 2 NIC by Self-Employed: Protect your state pension ? Self-employed individuals and Partners in trading Partnerships now pay class 2 national insurance contributions annually on 31st January following the end of the tax year through their Self-Assessment Return. Prior to 5th April 2015 those on low incomes had to pay Class…

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Richard Meadows
24th January 2017 Tax Loopholes for Middle England

Securing Entitlement to a State Pension ‘Credit’ without actually paying any NIC. Entrepreneurs that trade through a limited company can set how and how much they are remunerated. It is possible to avoid paying any NIC, yet still obtain a ‘credit’ for that particular tax year for future state pension purposes, by paying a salary…

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Roger Taylor
16th December 2016 Latest HMRC Campaign

Untaxed Interest Letter from HMRC: Are you one of the ‘lucky’ ones? HMRC have recently sent out 10,000 letters to individual taxpayers whose Self Assessment Tax returns indicate that they have been in receipt of untaxed interest in the 2014/15 tax year. The letter invites the taxpayer to reconsider the entries on their return, to…

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Christine Deller
24th October 2016 UK Government Online Services

HMRC Personal Tax Account: Now able to obtain state pension forecast. HMRC’s Personal tax account has been in operation for 10 months now, and over 3.5 million users have registered to date. The account will be at the heart of the forthcoming ‘Making Tax Digital’ changes, and is currently in Public Beta testing. Whilst further…

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Barbara Nicholas
30th September 2016 Charitable Donations

Gift Aid: Claim your own tax relief… When we make gift aid donations to registered charities, the charity is able to reclaim 20% of what we give from HMRC, provided we have paid sufficient tax to frank the gift made.

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Daryl Smith
22nd August 2016 Fraud Warning

Beware: Fake HMRC telephone call scam. We have recently been contacted by a couple of our clients saying they have received phone calls claiming to be from H M Revenue & Customs.  One such phone call started with an automated message stating that “This is Her Majesty’s Revenue & Customs. We have been trying to reach…

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Barbara Nicholas
1st August 2016 Chargeable Event Gains

Taxing Gains on Life Insurance Policies: HMRC start consultation. These investments take many forms but they’re perhaps most commonly known as single premium investment bonds. The way in which the proceeds of full or partial encashment is taxed can produce some bizarre results. HMRC are consulting on ways by which the unfortunate experience of one…

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Richard Alecock
11th July 2016 Making Tax Digital

Landlords: Get ready for submitting 4 tax returns a year? H M Revenue & Customs will be implementing ‘ Making Tax Digital’ over the coming few years. Their aim is for ‘most’ landlords to be reporting their income each quarter via their digital tax account rather than after the end of the tax year on a tax return.

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Jodie Tarbin
21st April 2016 Income Tax Computation

2016/17 Personal Allowance: Utilise against dividend income? The start of the 2016/17 tax year saw the introduction of the personal savings allowance, which tax exempts up to £1,000 of savings income for basic rate tax payers and £500 for higher rate taxpayers (additional rate taxpayers do not receive an allowance).  In addition, a new £5,000…

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