We were approached to implement tax planning for a family with significant property and investment company wealth. We reviewed advice given by a previous adviser, which we believe would be caught under the Disclosure of Tax Avoidance Scheme rules, and strongly advised against its implementation. Having considered the assets both here and outside the UK, we devised and implanted IHT advice using the Potentially Exempt Transfer rules and the use of Qualifying Non-UK Pension Schemes.
By providing clear and comprehensive tax advice in many areas, we established a non-aggressive structure that gave the family what they wanted, advising on all aspects and successfully working with their accountant.
