02083871590 office@eljayandco.co.uk

Tax planning and inheritance tax

Benjamin Franklin (1706-90) used the form we are currently more familiar with, in a letter to Jean-Baptiste Leroy, 1789, which was re-printed in The Works of Benjamin Franklin, 1817:

"'In this world nothing can be said to be certain, except death and taxes."

Fortunately to some degree some taxes tax can be avoided. It is well established that you can manage your affairs legitimately avoid tax

We will only recommend tax planning that is 100% safe to apply. Tax planning that has been tested by experts a backed up by leading tax counsel.

Tax will affect you and your family and throughout each stage of your life as follows:

  • Birth – Yes you can put in place simple measures as soon as a baby is born.
  • Children & growing up – Childcare, school fees child labour.
  • Single people - Starting work, pay, tax codes, benefits in kind, Company cars, pension schemes, Share schemes.
  • Couples - How to split income to make use of allowances, and lower tax rates. Spouse’s salary.  Making the most of capital gains allowances, Estate planning.
  • Property - Letting income, tenants in common and joint tenancy. Efficient property ownership. Reducing property tax. Eliminating capital gains tax. Property trading, investment.
  • Maturity - maximising income. Using tax efficient investments, Pension contributions, gifts and inheritance tax. Turning income into capital gains.
  • Providing for retirement - Pension contributions, Passing on a business to children, Selling a business, Entrepreneurs relief.
  • Reaching retirement - Making use of additional allowances.
  • Errors with tax codes, state pensions, self -employment during retirement. IHT avoidance and the family home.
  • Death – Inheritance tax planning.  Business property relief. Trust and tax avoidance.

For all your tax queries contact us today.

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