Trusts are vehicles that offer very good opportunities for setting aside assets for future beneficiaries in a tax-efficient way while still maintaining a level of control. For example, they can offer very useful ways of mitigating both inheritance and capital gains tax. However, they also have associated accounting and tax obligations which can be complex and require specialist advice and management.
We can advise on the most suitable type of trust for your situation, and suggest alternatives if appropriate (such as a family company). If you decide to go ahead with setting up a trust, we can assist with the set up and then support you with a full range of appropriate accounting and tax services. These will include attending trustees’ meetings and the preparation and, where appropriate, submission of:
- Trust accounts
- Annual trust tax returns
- Inheritance tax forms for 10-year anniversaries and exits from relevant property trusts
- Inheritance tax forms on an individual’s death
Contact us for a confidential discussion on whether a trust is right for you and your family.