Tax services advice

The payment of tax is part and parcel of everyone's contribution to the cost of living in a civilised society, but it is also your right to organise your affairs in a way that minimises the amount of tax payable. It makes sense to manage your tax affairs efficiently, in the same way that you would manage any other expenditure, and an essential part of that is effective tax planning.

We are experts in tax services

It’s our job to reduce your tax burden. Our qualified Chartered Tax Advisers provide high quality tax advice to you as an individual or a trustee, to ensure that you manage your tax affairs effectively, escape avoidable liabilities and take advantage of the opportunities which tax planning presents within the boundaries of UK tax legislation.

About taxation

Throughout our lives, our assets, property and earnings are taxed. For those who understand the workings of tax, there are significant savings to be made, and we’ll help you to identify those opportunities and to make the necessary changes to your financial arrangements.

Our tax services

Our range of tax services include:

Comprehensive Self Assessment compliance service, which includes:

• the preparation of Self Assessment returns for individuals with income derived from employment, investments in the UK and overseas, foreign property and trusts
• a comprehensive capital gains tax service, which for quoted investments can be linked into our Investment Management Service to ensure ongoing tax planning in the course of the tax year and related Self Assessment return entries
• detailed computations of your tax liability and checking this against HM Revenue and Customs statements
• keeping you well informed on when liabilities fall due so that payments can be included in your cashflow planning

Inheritance tax planning and general family wealth planning, which includes:

• high level taxation advice on the way in which your inheritance tax liability can be reduced
• the necessary legal services relating to wills and trusts
• fixed fee inheritance tax reviews with a comprehensive proposal outlining the best course of action for effective tax planning

Advice on the creation and administration of trusts both in the UK and offshore, which includes:

• Our assessment and recommendation of your trust options
• A full trust compliance service, which includes:
  • the preparation of annual financial statements and Self Assessment returns
  • advice on the legal obligations of acting as a trustee
  • administering the trust to ensure that income is received and necessary payments are made on time
  • ongoing monitoring of the trust to make sure it continues to meet the needs of the beneficiaries in a tax efficient way
  • if required one or more of our partners can act as a Trustee

Capital Gains tax advice and guidance on the following areas:

• Maximising taper relief
• Securing private residence relief on second homes
• Passing assets on to the next generation
• Maximising venture capital reliefs
• Employee share schemes
• Implications of becoming either UK resident or non-resident

Employee taxation advice and guidance on:

• Employee Share Schemes particularly
Enterprise Management Incentive Schemes
• Employees seconded or transferred abroad
• Termination of employment

Should you require any other information not outlined here, please do speak to us and we will endeavour to help.

Other information

IM Asset Management Ltd is authorised by the Financial Services Authority. As the company is not part of Irwin Mitchell, the Law Society will not regulate IM Asset Management Ltd or the associated nominee companies.

IM Asset Management Ltd is a member of the Association of Solicitors and Investment Managers (ASIM) and the Association of Private Client Investment Managers and Stockbrokers (APCIMS).

For more information call 0870 1500 100, or use the links above to drop us a line.