The aim of tax planning is to minimise the amount of tax you are liable to pay and to know exactly what is due and when. Nobody likes nasty surprises, so knowing in advance and therefore planning is often as important as minimising the total liability.

Personal circumstances mean that every individual’s position is different, so there are only a few general guidelines we can give about Tax Planning. However it is something that is relevant to nearly all of us. Some examples of where tax planning can make a real difference are:

• Where you are considering selling virtually any asset at a profit
• Extracting money from your own business
• Redistributing assets and the income from them between spouses
• Having a company car or running your own
• Selling of retiring from your business
• Any transaction in property where stamp duty may be an issue
• Passing on your assets to the next generation

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Each year we focus on particular tax projects and products, depending upon current tax legislation and anticipated changes. Tax planning is an integral part of the business advice that we offer to our clients. So, whatever your taxation needs, we have an expert who can help in the following areas:

• Income tax
• Inheritance tax
• Capital gains tax
• UK and overseas tax
• Stamp duty
• Trusts

We can also defend your case if you are inspected by the HM Revenue and Customs. We even offer an insurance policy, through a market leading insurance specialist, to cover the costs of our fees on a full investigation!