Private Clients

Preserving and maximising your wealth. Taking you further.

warne-simon partnerSimon Warne

Tax Partner

The tax code is hopelessly long and needlessly complicated. Successive Finance Acts added to it but have raised little extra tax revenue, confirming the law of diminishing returns. The personal tax calculation is now so complex that HMRC’s own software cannot successfully deal with all permutations.

We are in need of comprehensive reform. A simple savings and investment allowance of around £5,000 will keep all of those with minor savings out of the tax system. A unification of income tax and national insurance into a single tax will remove the personal tax incentive to move between employed and self-employed status, although some solution will need to be found for the national insurance burden, which falls on employers and represents an employment tax.


We provide you with specialist assistance in all areas of tax compliance and planning for you, your family, and Trusts.

Entrepreneurs

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Seamless service for your business and personal tax. Understanding your strategy ” where you are now and where you want to be.

  • Finding the right structure for your business
    • share structure for owner-managed businesses
    • family investment companies
  • Allowances and reliefs planning
    • using allowances to ensure the best post-tax return
    • using lower-rate bands to optimise tax efficiency
    • review pension strategy and dividend policy
  • Entrepreneurs’ Relief
    • check disposal strategy against relief conditions
    • review your business for qualifying status
  • Investment options planning
    • analysis of environments: ISA choices, pension, VCT
    • tax-efficient investments, including EIS and SEIS
  • Profit extraction advice
    • relative efficiency of income choices: salary, benefits, dividends, interest, rent
  • Disposal planning
    • preparing for exit or retirement options

Property investment

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Structuring your property investments to ensure the best return.

  • Funding your purchase
    • helping you understand the tax implications
    • property portfolio planning
  • Structuring the right ownership
    • should this be personal or company owned?
  • Acquiring a property
    • for you or your children
    • the implications of buying a second home
  • Stamp duty planning
    • helping you understand the rules
  • Capital allowances and reliefs
    • ensuring you are making the most of your allowances
    • advice on upcoming changes to mitigate risks
  • Disposal of property
    • tax costs on sale of investment, residential, commercial
    • planning to limit your tax exposure
  • Domiciled or resident overseas and buying in the UK
    • tax considerations and risks

International clients

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Managing your tax exposure when moving to or investing in the UK. Taking you through your short, medium and long-term plans.

  • Investing in the UK
    • identifying tax-efficient strategies
  • Residency and domicile issues
    • determining your residency status
    • dealing with property if you are a non-domicile
    • Inheritance Tax as a non-domicile
  • Tax compliance
    • helping you to meet your UK requirements
  • International tax planning
    • using offshore Trusts to protect assets
  • Working in the UK
    • avoiding double taxation
  • Offshore Trust planning
    • protecting your assets

Investing overseas

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Looking at your international tax structure. Providing you with a global reach on human scale.

  • Local tax
    • understanding the tax rules where you operate
    • working with our international network to deliver advice for jurisdictions you are looking to invest in
  • Tax compliance
    • helping you understand the different tax rules overseas
  • Investing in property overseas
    • tax efficient ways to buy, retain and sell
  • Domicile advice
    • remittance basis advice and planning

Passing money to your children

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Protecting your wealth for the younger generation.

  • Passing wealth to the next generation
    • leaving your home to your children
    • advice on situations of separation and divorce
    • educating your heirs on responsibility of inheritance
  • Family business succession planning
    • Business Property and Gifts of Business Assets reliefs
    • tax efficient approach
  • Will planning advice
    • sensitive, sensible, robust planning support
    • tax mitigation options
  • Trusts and estates
    • tax advice on the type of trust that is right for you
    • working with your team to constitute the trust
    • lifetime administration of your trust or estate
  • Donating to charity
    • planning the best route for your donations
    • creating a foundation or charity
    • Gift Aid explained

Tax compliance

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Lifting the tax return burden from you.

  • Tax compliance and returns
    • we handle this directly for you
    • actions to mitigate future costs
  • Tax planning
    • structuring your affairs tax efficiently
    • advice on planning opportunities following the compliance process
  • Maximising reliefs and allowances
    • advising on efficiencies and opportunities
  • Reporting to HMRC
    • we deal directly with HMRC on your behalf
  • Fee protection insurance
    • reduce the cost of an enquiry into tax returns we have prepared
  • Making disclosure to HMRC
    • specialist service to guide and support you
    • if you are investigated

Estates and Trusts

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Tax advice and problem solving for both Trustees and beneficiaries.

  • Setting up and structuring your estate or Trusts
    • clarifying your purpose and goals
    • protection of assets and control
    • appropriate structures
  • Tax compliance and returns
    • ensuring you are compliant with your filing obligations
    • Inheritance Tax implications
    • Capital Gains Tax issues
  • Handling estates through probate
    • ensuring the deceased’s intentions are met
  • Lifetime administration of your estate or Trust
    • assisting with your obligations and responsibilities
    • handing over to the next generation
  • Preparation of accounts
    • efficient, correct and complete accounting

Giving to charity

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Helping you make meaningful gifts to charity; advising you on the best routes for effective giving

  • Tax-efficient charity giving
    • cash
    • assets
    • tax relief
  • Charitable donations in your will
    • Inheritance Tax
  • Donating to causes outside the UK
    • local and UK tax implications
  • Creation of a foundation or charity
    • will this achieve your goals?
    • securing longevity
  • Donating to institutions such as museums
  • Gift Aid

About us

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We have a higher than usual partner-to-staff ratio, which means you have, if you wish, more contact time with a Partner.

We believe that this combination of expertise and personal commitment to clients is unique in our sector. A number of our client relationships are now onto the second or third generation.

We understand that absolute discretion is essential in this area of work, especially as it involves not just you as an individual, but your family, your family trusts, unincorporated businesses and charitable foundations. You might be a director or a successful entrepreneur, in the world of media, fashion, music or sport, where you want and value dedication, specialist knowledge, and access to a wide, global team. We offer you this, and we seek to become your trusted advisor, ensuring that you have the latest information on UK and international tax, the most up-to-date advice, and support when you need it.

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27

Changes to the taxation of non-resident Trusts

Private clients
The UK taxation implications of non-resident Trusts will become even more complicated following further announcements made by the government in September 2017.
30 Oct, 2017

Non-dom planning opportunities

Private clients
The remaining Non-doms provisions still offer scope to mitigate the potential UK tax exposure on future remittances of funds currently held outside the UK.
30 Oct, 2017
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