The transfer of assets by way of gift or inheritance can result in substantial tax liabilities. Careful planning can often substantially reduce gift and inheritance tax charges. PMQ has considerable expertise in advising in this area. Our service includes:
We work with our clients to devise a strategy whereby assets can be passed to successors in a tax efficient manner without impacting on the objectives of the client. We have considerable experience in relation to appropriate reliefs such as business and agricultural reliefs. Our strategy takes into account potential charges under other tax heads (e.g. capital gains tax and stamp duty).
We have considerable experience in relation to trusts and can advise on the tax implications of establishing and dismantling trust structures. We also advise executors and personal representatives on inheritance tax liabilities arising in estates.