Tax planning is quite different to financial planning. It requires an assessment of your tax situation, taking into account Income Tax (IT), Capital Gains Tax (CGT), Inheritance Tax (IHT) and more, as well as an insight into your short/long term objectives.
Business owners may be looking for a tax efficient exit strategy, reducing the impact of Capital Gains Tax and understanding available reliefs such as Entrepreneurs’ Relief. They may wish to lower the exposure of the business to Corporation Tax or re-arrange the structure of the business to achieve their desired outcome.
Those with personal wealth may be looking for the most tax efficient method of distributing their assets to their family.
We now have the most complex tax legislation of any Country in the world and taking the right advice has never been more important. Collective Legal Solutions retain the services of Chartered Tax Advisers, members of the Chartered Institute of Taxation, who possess many years experience and a keen eye for detail.
Most of us want to pay less tax. It is essential, however, that your affairs are correctly planned to ensure you use legal tax avoidance measures to reduce your exposure to the numerous taxes we all face.
- Tax Avoidance = significant savings
- Tax Evasion = significant penalties and potential prosecution
It is vital you seek the right advice. Contact Collective Legal Solutions to arrange an appointment with a Chartered Tax Adviser.
NB – the information contained on this site is to be used for information purposes only and should not be construed as advice. Although we take all appropriate measures to ensure the accuracy of our information, you must seek personal advice on your tax situation.