Wealthy individuals will often be advised by their accountants or tax lawyers to restructure their assets in order to reduce their liabilities to Income Tax, Capital Gains Tax or Inheritance Tax. This can sometimes be achieved by a simple transfer of property or shares in property, or it can involve more complicated lease schemes or trusts.
We work closely with our Estate Planning & Tax department in this area (see wealth management) and have advised a number of wealthy individuals or families on how to maximise the benefit from their assets. Our approach often involves coordinating or being part of a team including accountants and financial advisers.
In addition to planning for tax you may wish to take measures to ensure that your property ends up where you want it, whether that is with your children or others.
We ensure that all our advice in this area is clear and easy to understand. We do not believe in jargon and endeavour to explain the most complicated schemes in simple language.
