What is inheritance tax planning?
Proper inheritance tax planning could save your family hundreds of thousands of pounds. We can help in protecting your assets from the taxman.
We give the very latest inheritance tax planning information, including all the changes announced in the March 2008 Budget and October 2007 Pre-Budget report.
We have extensive knowledge of tax planning for companies, partnerships, sole traders, trusts and private individuals. A number of our clients live abroad, or who are domiciled abroad, and so you can be rest assured we are familiar with the complexities of tax in this area.
We have a wide range of reference sources and access to specialist advice in difficult or unusual cases. Needless to say, we try not to carry out unnecessary work where the cost in fees will outweigh any saving in tax.
Tax Planning
We try to point out easy methods of saving tax whenever we carry out routine tax work. Contrary to some expectations, there is no magic wand to save tax for every client, but we do try our best. We also carry out tax planning in much greater depth in specific circumstances, for example when changing a business or selling a business. Our aim is to give worthwhile advice and always to advise clients if we think that any possible savings are going to be outweighed by the costs of obtaining or implementing the advice.
Inland Revenue Enquiries
Regrettably, enquiries by the Revenue into tax returns are on the increase, and this trend is likely to continue. We have experience of handling quite complex enquiries on behalf of clients. We think that the best policy is to try to avoid enquiries. This can best be done by ensuring returns are submitted on time, are a accurate as possible and provide explanations for any obvious areas where enquiries are likely to arise.
Click to contact Martin Bryars Chartered Accountant and Tax Planning specialist, Hampshire
