Midsomer Norton: 01761 417575
Keynsham: 0117 916 1088
Tax Planning
Tax law is becoming ever more complex and is continuing to change at a surprisingly rapid pace. These changes can make keeping up with the rules difficult, particularly when considering how best to preserve your assets by minimising tax payable and ensuring that your family and friends inherit exactly what you want them to have.
For example, prior to the 2008 Finance Act many people created wills with Discretionary Trusts in order to reduce their Inheritance Tax liability. The 2008 Act changed the law so that these trusts are often no longer required and could, in some circumstances create a worse financial position in respect of Inheritance Tax and Capital Gains Tax.
An up-to-date will, properly drawn by an expert, considering all aspects of relevent tax law is vital to ensure that when you are no longer around, your assets are dealt with as you wanted.
If you have any questions or issues our team of experts can help with advice on your tax affairs and estate planning.
Over many years I have always been made to feel in “safe hands”. Expertly guided in my many visits, phone calls, emails etc. with Andrea Boutcher, Emma Barnes and other staff. Andrea has assisted me as to the right path to choose, although sometimes I know she will agree that I don’t always take them! Whatever route I took, Andrea was there for me – so I thank her sincerely. We got there in the end – I don’t remember how many years.
