Tax & trust
Tax & trust
We all work hard for what we achieve in life and naturally, we want to protect it from risk. At some point you will need to plan how you can best pass on what you possess to those you care about. A trust may be the ideal solution for you as it is flexible and tax efficient. You choose the terms of the trust and who will benefit or you can appoint Trustees, who think like you do, to decide who benefits.
The trust is often the ideal way to give your assets, such as your business, home or investments, to the people you value, but who may not be able to take control of them yet or perhaps ever. It can also be an excellent way for you to make a gift to a group of people, where the trustees decide at a later date how the money should be distributed.
As trusts offer you such flexibility, they are often used as part of a scheme to minimise the burden of tax. There are many routes to tax savings and we help people protect their wealth and minimise their tax exposure.
The combination of effective tax planning and a well structured trust can be a very flexible and efficient way to pass on your assets to those your care about. Our Tax and Trust team can offer you an integrated approach to gaining all the benefits of a trust, alongside tax planning advice to minimise the impact of income, inheritance and capital gains tax.