Tax Mitigation Planning

Professional tax Consultancy's Tax Mitigation Strategies are designed to minimising exposure to tax for businesses and individuals. They rely upon statutory reliefs and rigorous controls to ensure proper implementation which is intended to withstand close scrutiny.

All of our solutions are subjected to the same degree of rigorous control and most have the benefit of a robust opinion from Tax Counsel.

In all cases the strategies will be defended on appeal up to the First Tier Tax Tribunal as part of the overall service.

We provide a bespoke service which is not generally available to professional advisers and their clients. With a dedicated point of contact, we will be working with you to ensure that your clients receive the right advice for their specific circumstances and that the process is properly explained and understood.

We offer only Tax Mitigation Strategies which are transparent, fully and properly disclosed to HM Revenue & Customs. Timing is important as a strategy will typically take between three and four weeks to implement. A day too late can result in a lost opportunity!

All strategies are subjected to a two stage in-house implementation process and will cover one of more of the following taxes: 

• Corporation Tax
• Capital Gains Tax
• Income Tax
• Inheritance Tax
• Stamp Duty Land Tax

Our most popular Strategies based on Remuneration Trusts continue to offer potential savings in relation to a number of taxes.

December 2010 changes

On 9 December 2010 HMRC issued very widely drafted legislation which affects all EFURB and EBT strategies. It introduced a tax and NIC charge in respect of any money drawn from the trust. This has made all these strategies ineffective for the purpose originally intended.

However, there is a small window of opportunity that is available to anybody that is able to wait for two years before they obtain access to funds. This opportunity expires on 5 April so if you have a client in this position you will need to contact us as soon as possible.

In certain circumstances we may also be able to offer an arrangement based on pension planning which avoids the annual cap and Lifetime Allowance rules whilst obtaining a Corporation Tax deduction. Whereas the funds can be used for a wide variety of investments no personal loans are permitted. This arrangement is not subject to DOTAS and survives 5 April 2011.

Our other planning schemes involving the mitigation of Capital Gains and Inheritance Tax have not been affected and are still available.

For further information please contact us.