Personal Tax Planning Solicitors

Sound tax planning strategies to suit your needs

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Looking after the wealth you've accumulated during your life really matters

Our personal tax planning specialists always start by getting to know you – your aims and ambitions – to find out more about what you would like to achieve personally and for the people you care about.

We can support you in many different ways, from drafting your Will to advising you how to structure your finances in the most tax-efficient way. As part of our specialist service, we can help to minimise your inheritance tax and capital gains tax liabilities, advising you how and when to make lifetime gifts or set up a lifetime trust so others can benefit from your wealth.

Wherever you are on your journey, our legal advisors can help. Call us today on 0330 024 0333 or use the button below to complete our contact form.

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How Our Personal Tax Planning Experts Can Help

Your Personal Tax Partner

We aim to be your personal tax partner for life, helping you to structure your finances as efficiently as possible, whilst enabling you to fulfil a few of your dreams. Our promise is to get to know you first, so we can design a plan that is exactly right for you and your family.

Years of Tax Expertise

Our tax planning process combines years of expertise with a highly personal approach. We pride ourselves on the relationships we build with our clients: it’s only by working closely with you that we can fully understand your financial affairs and help you to decide on the most appropriate solutions.

Lifetime Gifting

We cover everything from advising you about lifetime gifting, the creation of lifetime trusts, and minimising your exposure to tax when disposing of valuable assets, such as property or shares.

Proactive Tax Planning

We pride ourselves on taking a proactive approach to tax planning because we know it makes sense and will deliver the most value for you and your family. We understand that there are things you may want to do with your money now too, and we can help you to achieve this in the most tax-efficient way possible.

High Complexity Tax Planning

Our team’s experience of advising individuals with highly-complex personal and financial affairs means we can help you to make the most of your wealth, whatever the circumstances.

Why Choose Us?

Our expert tax planning team believes the first step to providing an excellent service is to understand what you want to achieve with your wealth, then help you attain your goals in the most tax-efficient manner. If there are tax liabilities, we help to ensure they are paid in full and on time to avoid penalties and interest.
In a self-assessment tax regime, the onus is on you as the UK taxpayer to ensure you declare your income and capital gains to HM Revenue & Customs and discharge the liability as required. We help you meet your obligations and will, when necessary, negotiate with HM Revenue & Customs on your behalf if a disagreement arises.
Our tax experts can help you to avoid the common pitfalls and minimise inheritance tax liabilities that can arise as a consequence of lifetime gifting to individuals and transfers into trusts.

What Our Clients Say About Us

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Personal Tax Planning Frequently Asked Questions

Personal tax planning can be used as a tool for identifying, and minimising, your tax liability through utilising available allowances, deductions, reliefs, exclusions and exemptions. It ensures you pay the least amount of tax possible, while still conforming to all legal obligations and requirements.

There are a number of benefits of structuring your finances in the most tax-efficient way, including reducing your overall liability for income tax, capital gains tax, or any other taxes on your savings and investments. Making gifts in the right way could also reduce the amount of inheritance tax your beneficiaries may have to pay upon your death. Read more about what lifetime gifts are exempt from inheritance tax.

A few examples of efficient personal tax planning include:

• Taking advantage of the inheritance tax reliefs and exemptions
• Structuring your will to ensure that your assets are protected in the future
• Setting up a trust to protect your wealth
• Making lifetime gifts
Donating to charity.

As each individual’s circumstances are different, it’s best to speak to an expert who can provide sound personal tax planning strategies to suit your needs. Get in touch with a member of our team today.

If you own a business it’s important to know the difference between personal tax planning and business tax planning. While personal tax planning involves minimising your tax liabilities for areas such as capital gains tax and income tax, business tax planning is specific to your business and includes additional opportunities for tax reductions, including making use of capital allowances, implementing tax-efficient accounting policies, structuring your business in the most tax-efficient way and reviewing major decisions such as buying or selling property or assets.

Though business taxes are generally more complex than personal income taxes, the additional opportunities can maximize your business deductions while avoiding costly tax penalties.

We can help support your business with tax planning advice, find out more here >>

Our team of dedicated personal tax planning solicitors have years of experience of advising individuals on minimising their tax liabilities. As well as ensuring any decisions fulfils all legal obligations, such as supporting you through the process of declaring your income and capital gains to HM Revenue & Customs, our team can advise on everything from lifetime gifting through to the creation of trusts. Get in touch to see how we can help you and your family today.

How The Personal Tax Planning Process Works

Not everyone is aware of how the process of engaging Personal Tax Planning solicitors works, so we’ve provided an overview below to give you some peace of mind
  1. The first stage is to get in touch with us using the button below – you will then be assigned to one of our Personal Tax Planning specialists. Alternatively, you can reach us on 0330 024 0333.

  2. You’ll then receive a free 15-minute consultation within 24 hours via Zoom or telephone to discuss the issues you’re facing.

  3. You are then provided with a transparent breakdown of our costs and, if you would like to proceed, we send you a pack of onboarding documents

  4. Following this, we will guide and support you through the process of achieving a resolution that works for you and your family.

Our Other Personal Tax Planning Services

Estate Administration

From obtaining the Grant of Representation to calculating the correct inheritance tax liability and distributing the estate to the correct beneficiaries, we will support and guide you through the complex process of administering an estate when a loved one has died.

Wills & Succession

It can be difficult to envisage a time when you’re not there to provide for your family. However, we are here to guide and support you with preparing a will so your wealth is protected for your loved ones into the future.

Wherever you are on your journey, our Personal Tax Planning specialists are here to answer any questions you might have

If you’d like to speak to a member of our team, please fill out the enquiry form. We will aim to reply to your query within 2 hours

Need to talk to someone sooner? You can call use at the number below

Call Us: 0330 024 0333

Our Latest Personal Tax Planning Updates

Understanding Overreaching: Protecting Beneficiaries in UK Land Trusts

18 Sep

Private Client

Understanding Overreaching: Protecting Beneficiaries in UK Land Trusts

Read article Right Arrow

The importance of making a will: changes to statutory legacy from 26 July 2023

26 Jul

For the individual

The importance of making a will: changes to statutory legacy from 26 July 2023

Read article Right Arrow

Grief and money – a powerful combination

12 Jul

For the individual

Grief and money – a powerful combination

Read article Right Arrow

Considering recent changes in charity law – permanent endowment, charity land and names

1 Jul

Charities

Considering recent changes in charity law – permanent endowment, charity land and names

Read article Right Arrow

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