Our team of experts can help you manage your tax effectively and efficiently
Creating and hanging on to wealth are two sides of the same coin. Everyone understands the need to make money and to increase the value of their investments, but avoiding the payment of unnecessary tax is every bit as important. Not everyone recognises this fact.
We also need to consider succession and how we pass on our wealth to our loved ones. At Greene & Greene we always consider the wider picture.
TAX PLANNING
Think of any transaction you have done in the last 12 months and the chances are it was a taxable transaction: buying a house (Stamp Duty Land Tax), selling a house (Capital Gains Tax (CGT)), making a pension contribution (Income Tax Relief), declaring a dividend (Corporation Tax and Income Tax), making gifts (Inheritance Tax (IHT) and CGT), granting a tenancy (Income Tax), getting married (acquiring IHT and CGT privileges) and / or creating a trust (IHT and CGT).
If you just put aside a little time to think about a transaction and whether it could be arranged slightly differently, over a lifetime you could save a great deal of tax quite painlessly. Our most successful clients tend to be the ones who always explore tax planning opportunities before embarking on a transaction. The habit then becomes second nature.
CARE FEE PLANNING
Many clients come to us to ask what can be done to protect their assets from care fees. It all depends on your unique circumstances which is why an exploratory meeting with one of our experts is essential before you embark on such schemes you may read about in the media or hear from a friend or neighbour. One solution does not fit all.
SUCCESSION
Writing a well thought out Will in conjunction with tax and care fee planning advice, is vital to ensure your wealth is protected, where possible, and ends up where you ultimately want it to go.
Our team of experts, led by dual qualified Solicitor and Chartered Tax Advisor Wayne Perrin includes two further chartered tax advisors who advise on means to reduce tax, so as to protect the wealth of both private individuals and businesses.
Our specialists have excellent professional relationships with accountants and also with the tax bar, in particular Pump Court Tax Chambers and Temple Tax Chambers in London. We often work with the top Tax KC’s in the country, particularly where a future challenge from HMRC is anticipated.