Personal and Business Tax Planning
Tax planning for both personal and business matters is essential at an early stage.
In many cases, there are opportunities for creating a more tax-efficient scenario. This comes as a result of our in-depth and up-to-date knowledge and understanding of tax legislation not only in the UK, but also other jurisdictions.
Our experience allows you to realise new potential in your personal or business finances and ensure your tax liability is minimised. Alongside this, our team understands the importance of remaining compliant with guidelines and legislation. This ensures your relationship with Charter and May affords you a more favourable and sustainable tax solution.
A summary of the tax services Charter and May can offer you:
We frequently advise and assist with all the tax aspects of employment, including employment status issues (employed or self-employed), PAYE and NIC planning.
Considered C&M’s speciality. We advise on all areas of Capital Gains Tax and help clients establish structures which minimise exposure to CGT. This can include pre-planning and execution of assets under new or improved structures which reflect the status of the beneficiaries.
Here at C&M we advise and assist with all areas of Inheritance Tax, including gifts, reservations of benefit, settlement restructuring and exit charges, EBTs, domicile issues and IHT matters affecting close company transactions. We assist in structuring assets in such a way as to avoid, so far as possible, the accruement of Inheritance Tax and to preserve family wealth for the benefit of future generations.
We have offices across the world. This puts us in a unique position to structure assets in the most efficient way, whilst staying within the bounds of both U.K. and international law. We frequently advise in relation to tax matters with at least one offshore element, including offshore close companies and non-resident trusts, transfer of assets abroad, CFCs, withholding tax, double tax treaties and the characterisation of foreign entities for the purpose of minimising the tax burden.
We advise in relation to stamp taxes, including SDLT, and have experience advising on SDLT planning. We will assist in structuring client holdings so as to reduce or eliminate the burden of SDLT in accordance with the law and HMRC guidance. We will provide expert advice on all kinds of SDLT assessments and enquiries with a view to bringing them to a rapid and successful conclusion.
We advise on all areas of Corporation Tax, with a particular emphasis on close companies and owner managed companies, tax e fficient finance and profit extraction arrangements and the raft of anti-avoidance legislation that day to day bears down on companies conducting ordinary commercial transactions.
We advise on all aspects of VAT, including VAT planning and cross-border transactions.
