As your Private Wealth planning partners we specialise in providing individual tax strategies to high-net-worth individuals, families, and business owners.
For individuals with substantial wealth, tax planning becomes increasingly intricate. Strategies may include placing a portion of assets into a trust or options for leaving a legacy to charity. Our team work closely with you to navigate the complexities of tax laws and any changes in legislation, to ensure that you achieve your financial goals while minimising tax liabilities.
Contact our Private Wealth Partners at TE Wealth
Or we can call you back at a time of your choice.
TE Wealth Tax Planning Services
Inheritance Tax
When it comes to inheritance tax, it’s essential to ensure your will is appropriately structured, but for clients with significant wealth, tax planning is more complex.
With many rules and regulations to consider, inheritance tax can be complicated. But don’t worry, we’re experienced in dealing with various circumstances, so we’re best placed to advise you.
Capital Gains Tax
Planning will help reduce potential issues before they arise and help maximise available allowances. Our Private Wealth partners are on hand to help you plan for the future disposal of assets by considering the current and future tax implications.
Our tax planning experts at TE Wealth can help you plan the disposal of assets, so you can avoid unexpected tax bills or at least minimise them. The key is thinking ahead and taking advice when you first acquire the asset, not at the point of disposal.
If you are selling your primary residence, it is usually exempt from capital gains tax. This is one of the most valuable reliefs you will likely benefit from in your lifetime. Other assets which you acquire which increase in value during your period of ownership may attract capital gains tax on disposal. We can advise you on how best to proceed with said assets to avoid problems when the transaction completes.
Cross-Border Tax Issues
Overseas assets add a considerable layer of complexity to any matter. We use our wide-ranging expertise and experience to help clients navigate these complexities and executors administer cross-border estates. For example, we will liaise with foreign legal and tax teams on your behalf and apply for international Grants of Representation and tax clearance. We can assist with the entire estate administration process, handling the UK assets of foreign nationals, as well as identifying and distributing any overseas assets of British residents.
Our Private Wealth team will guide you through administering the estates of:
- Ex-pats with UK assets
- Foreign nationals with UK assets
- Non-domiciled UK residents, i.e, people living in the UK whose official home is elsewhere
- Offshore trusts
- UK nationals with assets aboard
More on Cross-Border Tax Issues
What is Tax Planning?
Tax planning is the strategic approach of organising your financial affairs to minimise tax liability within the bounds of the law. It involves analysing your financial situation and making informed decisions to ensure that you pay the least amount of taxes possible while remaining compliant with tax regulations.
