Tax planning & trusts

Benjamin Franklin wrote in 1789 that "in this world nothing can be said to be certain, except death and taxes". You cannot avoid the former but we can help ensure that the burden of the latter is kept to an absolute minimum. Good, intelligent planning can make a real difference. 

Trusts provide a useful tool for tax planning purposes since they can be a good way of making tax efficient vehicles to benefit you, your family and future generations. There are various types of trusts that can be advantageous to you. Our experts understand that everyone’s circumstances are different and are able to advise you on the trust which is best suited to your needs.

A trust can be established for a variety of reasons and they can give you the benefit of a flexible structure for protecting your assets for future generations. For example, you may wish to assist your children on the purchase of a property whilst preserving the contribution from an immature child, a fragile marriage or physical or mental deterioration of a family member. A trust is able to achieve this.

Our expertise in tax and trust matters will enable us to calculate your potential liability for inheritance tax or capital gains tax and guide you through the complex UK tax legislation in order to minimise your liabilities and to maximise the reliefs available to you. We are able to provide you with ongoing advise on Agricultural Property Relief and Business Property Relief to reduce the inheritance tax liability as well as the use/or impact of Holdover Relief, Rollover Relief and Entrepreneurs Relief to reduce or postpone your capital gains tax liability. 

Trusts can last for up to 125 years and it is important that you have excess to advisors who can help with all the taxation issues connected with trusts, the needs of the beneficiaries and where appropriate the need to alter the original trust structure. Our experience enables us to provide trustees and beneficiaries appropriate and tailored advice to meet your needs and circumstances on all aspects of trust law including the interpretation of the trust documentation and past actions by trustees.

Working with you and your family we will advise on: 

  • The creation of all forms of UK trusts and their use in tax planning and the devolution of family assets to the next generation
  • Tax efficient gifts to trusts
  • The change of trustees
  • Distribution of trust assets and the tax consequences of so doing
  • Advising existing trustees on their powers and responsibilities - statutory and under the provisions of the trust deed
  • Variation of existing trust arrangements
  • Inheritance tax and capital gains tax issues affecting trusts
  • Holdover relief, entrepreneurs relief and rollover relief from capital gains tax
  • Agricultural property relief and business property relief from inheritance tax

Case studies

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Advising a widow with a substantial pension income on the effective way of providing income to pay school fees for the grandchildren. We advised her on the gifting a beneficial interest in a flat worth £600,000 into trust for the benefit of the...
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Advising an elderly client who co-owned a farm in Dorset with a discretionary trust. The farm was tenanted under an Agricultural Holdings Act tenancy to a cousin. We advised the family on the granting of a sub tenancy and the subsequent merger with the...

Meet the team

Partners

Gary Pick
Partner & Head of Private Client Services Group
Private Client
Poole
01202 339032
0779 381 6843
Private Client
Elizabeth Webbe
Partner
Private Client
Salisbury
01722 426943
07917 710 919
Private Client

Associates

Mihiri Gajraj
Senior Associate & Head of Private Client Southampton
Private Client
Southampton
023 8082 0544
Private Client
James Hammersley
Senior Associate & Head of Private Client Salisbury
Private Client
Salisbury
01722 426952
07467 943446
Private Client
Sarah Richards
Associate and Head of Private Client Poole
Private Client
Poole
01202 339025
Private Client
Martha Swann
Associate
Private Client
Poole
01202 339013
Private Client

Solicitors

Holly Algar
Associate
Private Client
Southampton
023 8082 0515
Private Client
Derek Bryer
Solicitor
Private Client
Salisbury
01722 426912
Private Client
Gary Cox
Consultant
Private Client
Poole
01202 339049
0782 601 9764
Private Client
Arcadius Gregory
Solicitor
Private Client
Poole
01202 338555
Private Client
Laura Stone
Solicitor
Private Client
Poole
01202 339038
Private Client

Chartered Legal Executives

Jenny Shucksmith
Chartered Legal Executive
Private Client
Salisbury
01722 426973
Private Client

Tax Advisor

Paula Arnold
Trusts & Tax Practitioner
Private Client
Poole
01202 339039
Private Client

Paralegals

Rachel Kent
Paralegal
Private Client
Salisbury
01722 426991
Private Client
Jodie Sainsbury
Paralegal
Private Client
Salisbury
01722 426970
Private Client

Legal Secretaries

Sarah Adams
Legal Secretary
Private Client
Salisbury
01722 426941
Private Client
Jane Bilton
Legal Secretary
Private Client
Salisbury
01722 426907
Private Client
Karen Carter
Legal Secretary
Private Client
Southampton
023 8082 0452
Private Client
Sarah Cobb
Legal Secretary
Private Client
Poole
01202 338558
Private Client
Jane Fielding
Legal Secretary
Private Client
Poole
01202 339006
Private Client
Rachael Francis
Legal Secretary
Private Client
Salisbury
01722 426941
Private Client
Ali Malone
Legal Secretary
Private Client
Salisbury
01722 426972
Private Client
Sandra Ross
Legal Secretary
Private Client
Poole
01202 339040
Private Client
Hayley Stack
Legal Secretary
Private Client
Poole
01202 339004
Private Client
Sonja Vine
Legal Secretary
Private Client
Poole
01202 339036
Private Client

General Staff

Helen Glatter
Chartered Accountant
Private Client
Poole
01202 339041
Private Client

Office Administrators

Kristine Neilande
Administrative Assistant
Private Client
Poole
01202 339046
Private Client
Emily Thompson
Administrative Assistant
Private Client
Salisbury
01722 426982
Private Client