Since the introduction of self assessment it is the taxpayer’s responsibility to declare and in some cases calculate the tax liability correctly. Legal matters create a diverse range of tax implications and the onus is on the solicitor to assess a tax situation and calculate the correct tax due. Failure or error can results in additional penalties and interest being sought by the Inland Revenue and unhappy clients.

Professional assistance can alleviate this burden and our specifically tailored legal, accounts and taxation service offer the following:

Estates

• Tax Clearance for estates
• Completion of Tax Returns/Repayment Claims for period up to the date of death of the deceased
• Tax Returns during the administration period
• Completion of tax deduction certificates for beneficiaries
• Advice on capital gains for disposal of assets
• Preparation of Estate Accounts

 

Inheritance Tax

• Completion of Inheritance Tax forms through to obtaining clearance certificates
• Advice on tax implications of variations of Estate and maximising exemptions

 

Trusts

• Preparation of Annual Trust Accounts
• Completion of Tax Returns and preparation of tax deduction certificates for beneficiaries
• Advice on tax implications on commencement and cessation of trusts and of the difference natures of trusts
• All capital gains tax and inheritance tax issues affecting trusts

 

Estate Planning

• Advice and assistance on all tax implications in respect of making wills and gifting assets

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Litigation Support

We can provide expert and experience partner support in the following areas:

• Valuation of unincorporated businesses and shareholdings in unquoted limited companies in matrimonial and other disputes
• Loss of earnings/profit claims
• Accounts investigations and advice thereon

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Corporate Support

The statutory requirements of modern Company Law can be onerous and time consuming for the officers of a Limited Company. Mistakes made by those officers can result in substantial civil and criminal penalties being levied upon all officer of the Company. We have the knowledge, resources and experience to assist in:

• Company formation and incorporation
• Company secretarial work
• Advice on changes in company structure
• Corporation tax advice