Personal Tax and Wealth Planning Solicitors
Sound tax planning strategies to suit your needs
Your personal tax situation is unique, and our goal is to ensure that you make informed decisions that optimise your tax position
We have been working with wealthy individuals and their families for many years and appreciate that personal tax and corporate/business tax are very often linked through businesses and entrepreneurial interests. Whether you are an individual or part of a family with or without business interests, our team offers personalised tax planning and preparation services tailored to your specific circumstances.
What does tax planning mean?
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.
We can identify opportunities to reduce your tax burden by analysing your financial situation. This includes leveraging deductions, credits, and tax-efficient investment options. Our expertise ensures that you are not paying more than necessary, allowing you to retain more of your hard-earned money.
Every individual’s financial situation is different, especially when business and entrepreneurial interests are involved. Our personalised approach means we take the time to understand your specific needs and craft custom solutions that align with your goals. Whether managing income from multiple sources, handling complex investment portfolios, or planning for succession, our tailored strategies help you navigate the complexities of tax planning effectively.
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.Our Personal Tax and Wealth Planning team
Julia Rosenbloom
Private Wealth Tax Partner
Huw Witty
Corporate Tax Partner
Lesley Davis
Partner
Elaine Hart
Legal Director
Emma Carr
Legal Director
Paul McMaster
Associate
How our Personal Tax and Wealth Planning experts can help
Estate planning
Strategic estate planning services to ensure that your assets are distributed according to your wishes. This includes drafting wills, establishing trusts, and advising on the most tax-efficient methods of transferring wealth to future generations. Find out more about estate planning in our comprehensive guide.
Tax planning
Tailored tax planning strategies to minimise liabilities and optimise your financial position, including advice on income tax, capital gains tax including optimal strategies for reducing tax exposure during property and asset transactions, inheritance tax, and other relevant taxes, ensuring compliance with current laws while maximising tax efficiency. We can provide assistance with tax investigations.
UK wealth structuring and trusts
Expert guidance on wealth structuring strategies including setting up and managing trusts, the establishment of family investment companies (FICs), private open ended investment companies (OEIC), and family office.
International wealth management
Advice on managing cross-border assets and navigating international tax laws and regulations. This service is crucial for clients with global investments, properties, or family members residing in different countries, including non-domiciled individuals. We’re also able to advise clients on overseas pensions schemes and other remuneration trusts
Charitable giving
Assistance with charitable giving and philanthropic ambitions, including the establishment of charitable trusts, foundations, and donor-advised funds – helping clients achieve their charitable goals AND tax benefits.
Succession planning
Strategic advice on business succession planning to ensure a smooth transition of ownership and management. This involves creating succession plans, structuring ownership transfers, and addressing family dynamics to maintain business continuity. Our tax advisors can help, find out more about our business tax services.
Why choose Shakespeare Martineau?
- 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 have years of expertise with a highly personal approach so we 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.
Personal Tax and Wealth Planning frequently asked questions
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.
What our clients say about us
How the Personal Tax and Wealth Planning process works
Not everyone is aware of how the process of engaging Personal Tax and Wealth Planning solicitors works, so we’ve provided an overview below to give you some peace of mind
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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 and Wealth Planning specialists. Alternatively, you can reach us on 0330 024 0333.
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You’ll then receive a free 15-minute consultation within 24 hours via Zoom or telephone to discuss the issues you’re facing.
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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
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Following this, we will guide and support you through the process of achieving a resolution that works for you and your family.
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
Featured Private Client 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.
Business Tax
We specialise in strategic tax planning and compliance for businesses across all sectors and jurisdictions. We offer comprehensive solutions, from tax-efficient entity structuring and transaction planning to navigating international tax challenges, ensuring minimised liabilities and maximised financial efficiency.
International Tax
Our international tax advisors ensure compliance with global regulations while optimising your tax position, offering tailored strategies for individuals with cross-border interests, expatriates, non-domiciled individuals, and foreign national and cross border and international business matters.
Business succession planning
No matter whether you’re a sole trader, shareholder or owner of a family business, we will help to ensure you have a robust succession plan so you can rest assured that a smooth route to dissolving, selling or continuing your business is in place.
