Trusts
You & your family
News
Put family first for tax efficient succession planning
Businesses take years to build up with the owners spending the best part of their lives ensuring they are successful. But what happens when it is time to retire? An obvious solution is to pass on the company to family, but care should be taken to avoid a considerable tax bill.
Using trusts as an effective tax planning tool
Jonathan Walton and Owen Kyffin of Whitley Stimpson shared their knowledge on UK trusts and how they can be used as an effective tax planning tool in B4’s The Business Brunch.
Setting up or maintaining a trust
Using an accountancy company to assist you in setting up a trust may not be everyone’s choice – but perhaps it should be. We can advise on the tax implications and either work with your own solicitor or refer you to one.
Setting up and maintaining a trust is a potential minefield.
They are used by many people for different reasons, but they need specialist knowledge to set up.
They are most often used for passing on money, property or even your business to future generations. One of the complications is that there are different sorts of trusts and you will need to be assured that your wishes are carried out properly.
We have the expertise to take away the worry of the detail and to advise on the setting up of any sort of trust that fits your circumstances, as well as ensuring that you receive maximum tax benefits and will also complete the annual compliance issues.
If you already have a trust you will know that things change from year to year, and we can advise you on ongoing tax and whether the trust is suitable over a long period.
You may find our tax tips download informative.
Speak to a trust expert
Change to Whitley Stimpson
Step 1
Confirm to your accountant that you wish to move to Whitley Stimpson
Step 2
Supply Whitley Stimpson with your existing accountant’s details
Step 3
Relax. We’ll handle the rest.
You & your family
News
Put family first for tax efficient succession planning
Businesses take years to build up with the owners spending the best part of their lives ensuring they are successful. But what happens when it is time to retire? An obvious solution is to pass on the company to family, but care should be taken to avoid a considerable tax bill.
Using trusts as an effective tax planning tool
Jonathan Walton and Owen Kyffin of Whitley Stimpson shared their knowledge on UK trusts and how they can be used as an effective tax planning tool in B4’s The Business Brunch.
Keeping it in the Family – IHT Planning now and post C19 video chat
Jonathan Walton and Owen Kyffin of Whitley Stimpson discussed inheritance tax (IHT) now and post COVID-19 via video chat on Wednesday 1 July on the B4 Live platform. A recording of this discussion can be found below.
Partners in your progress
Talk to us for specialist tax advice on trusts, and to find the right trust for you to use to pass on your wealth to your chosen beneficiaries.
