Our tax services
Trusts
The rules governing the taxation of trusts are among the most complex on the statute book. Far-reaching changes to their inheritance tax treatment in 2006 has further complicated an already difficult area. Nevertheless, the role of trusts in the relation to the succession of family wealth remains as important as ever and trusts also continue to have an extremely important role to play as planning vehicles.
Potential areas of interest
- Your clients may need advice and assistance on establishing UK or offshore trusts
- You may be asked to recommend the most suitable types of trust in different circumstances
- You may be asked to prepare tax returns for settlors and beneficiaries who are subject to income tax or capital gains tax on the income or gains of UK and offshore trusts
- Your clients may require advice on the use of trusts in connection with the ownership of family businesses
- You may be asked to advise on trusts to protect family wealth and provide for children in a tax-efficient but practical way
- You may be asked to deal with inheritance tax calculations and returns on the establishment of a trust, on distributions from a trust, or on 10-year anniversaries
Benefits of working with our Tax Support for Professionals team
- Our advisers are at the forefront of developments in this area, regularly writing and lecturing on the latest legislation
- Many of our advisers have legal backgrounds enabling them to deal with the legal as well as tax issues arising
Our specialist tax services
- Advising on establishing, operating and winding up trusts
- Providing advice and assistance in relation to trust inheritance tax calculations and returns
- Advising on the use of trusts as a tax, estate or succession planning tool
- Providing advice and assistance to personal representatives administering deceased persons’ estates
To find out more about how we can help you and your clients, please contact your specialist tax adviser.
Key contacts for this service
| Ian Maston | T 020 7893 3855 | E |
| Nicholas Hughes | T 020 7893 3768 | E |
| Nigel Eastaway | T 020 7893 3656 | E |
