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Private Client Advisory Services
Calculating tax

As Benjamin Franklin famously said "nothing is certain except death and taxes", but that doesn't mean you shouldn't do what you can to ensure your financial affairs are structured as tax-efficiently as possible.  

 

We are always happy to have an initial chat with you to see how we can help.

Capital Gains Tax

If you are thinking about selling or giving away an asset - or perhaps you need to consider the impact of selling or transferring assets as part of a divorce or dissolution settlement, we can provide advice on the capital gains tax position, helping you to decide what is the best action to take.  Where a gift of an asset is being made, we can also advise on any potential inheritance tax issues.

Inheritance Tax

Following the introduction of the residential nil rate band for inheritance tax from April 2017, married couples and civil partners can potentially pass up to £1 million of their estates to their beneficiaries free of inheritance tax.  However, to make the most of these nil rate bands, you need to make sure that your estate is as tax-efficient as possible (whilst still being mindful of your lifetime financial needs).  We can calculate the current inheritance tax position of your estate and provide advice on how you may be able to re-structure your estate to ensure you are benefitting from the reliefs available and that your estate passes to your beneficiaries in the way you want it to. 

We always look at your financial affairs holistically, keeping in mind the saying "don't let the tax tail wag the dog".  In other words, whilst it is always good to structure your affairs as tax-efficiently as possible, tax should never be the sole driver behind any decisions.  

Wills & LPAs

Did you know that around 60% of adults in the UK don't have a will?  Whilst there are rules in place determining how your estate will be shared out if you die without a will, it may well mean that your estate does not pass to those you want it to. 

We have solicitors that we regularly work with who can assist you with preparing your will to ensure this doesn't happen. 

They can also advise you about Lasting Powers of Attorney - these are legal documents that detail who will step in to make decisions about your health, welfare and financial affairs during your lifetime if you are unable to do so (for example if you are seriously ill or lack mental capacity).

Call 01892 311890 to speak to one of our colleagues and book an appointment or email enquiries@createbalance.uk

Get in touch for more information

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