Our dedicated and enormously experienced team has the technical wherewithal and professional insight to deliver sound advice across an array of trust and estate situations.
We are particularly well placed to assist trustees with difficulties in calculating tax liabilities, completing tax forms ahead of deadlines, and preparing accounts, as well as helping solicitors who have pressing legal matters to deal with.
We also assist accountants who want to maintain contact with their client, but do not have the specialist expertise or time to cost-effectively complete HMRC-compliant annual accounts and income tax returns.
Our service includes:
TRUSTS
Annual accounts.
Income tax returns.
Income, capital gains and inheritance tax computations.
Distributions to beneficiaries, including preparation of related tax certificates (forms R185).
HMRC Trust Registration Service (TRS) – registrations and annual declarations.
Day to day administration.
ESTATES
Accounts for the period of administration.
Ongoing annual accounts for will trusts.
HMRC Estate Registration Service – registrations for self assessment.
Income tax returns/informal submissions for the period of administration.
Income, capital gains and inheritance tax computations.
Day to day administration.
Inheritance tax and estate planning is a further area where our specialists use their expertise to add value. As well as advising on the planning of wills and trusts, some of our partners act as executors and trustees, while continuing to advise families on financial matters.
We look after a wide variety of trust situations including: life interest; discretionary; accumulation and maintenance; charitable; and bare trusts.