UK Office of Tax Simplification Takes Aim at Inheritance Tax Death duties were first introduced, in their modern form, back in 1894 when the government introduced estate duty, a tax on the capital value of land. Estate duty was eventually replaced by Capital Transfer Tax in 1975, which introduced the concept of tax on lifetime…
UK ESTATE, SUCCESSION AND TAX PLANNING
Much of the work that we carry out for Private Clients involves the management of private wealth, and its controlled devolution in an effective and efficient way. We pride ourselves on building long term relationships, and value the development of a detailed knowledge and understanding of the individual circumstances of clients and their families, many of whom have relied on us for many generations.
Planning is important: the earlier that a situation can be identified, the more opportunity there is for it to be dealt with effectively and appropriately.
A core focus is on tax efficiency. Estate planning may involve measures as simple as making lifetime gifts, but will often involve use of tax effective wills – and trust, partnership or company structures designed to determine the destination of assets during your lifetime and on death, and to afford you a degree of control and flexibility. We are widely regarded as specialists in this field, providing expert and reassuring advice to you and your family in respect of your personal and financial needs over the immediate to long term.