We do not undertake or advise clients in ‘aggressive ‘ tax avoidance strategies. These are under increasing scrutiny and with higher costs to advisers as well as higher risk of investigation we leave this planning to others to promote.
As with any tax planning, the motivation to reduce the liability to tax needs to be measured against the benefit received from the funds spent.
For many, timing of expenditure, withdrawal of funds tax efficiently and the effective sheltering of funds within a corporate environment can all produce effective planning strategies depending on the needs of the owners and the business.
It’s never to early to start planning
Capital Gains Tax and Inheritance Tax offer opportunities to mitigate tax liabilities with the right planning, implemented at the right time. The best tax planning is done well in advance of completing a transaction, so it’s never too soon (but it can be too late!) to ask for our advice.
That’s why we encourage clients to regularly discuss their plans and aspirations with us so we can advise them on an ongoing basis, especially as tax rules can change overnight and require a major change in plans in order to retain or recover previous tax advantages.
Be proactive not reactive when it comes to tax
Businesses likewise need to plan ahead and take advice before entering into major contracts or transactions.
There may be more than one way to achieve your objective – let us help you choose the way with the least tax impact.
We can advise on the tax implications of any business issue, including capital expenditure, company cars and employee benefits, staff remuneration packages and bonuses, dividend policy and share structures and tax-efficient use of pension contributions.