Families

Taxation planning will often be required within a family unit as wealth is passed on to the next generation. While it can be difficult to look too far ahead, if a long-term financial plan can be put in place this can result in significant tax benefits over time.  

Fleming Clarke Taxation can prepare a comprehensive taxation report that details the value of your estate, your exposure to inheritance tax and the steps that you could take to limit this exposure. 

Inheritance tax returns, as well as  self-assessment tax returns for trusts and estates can be prepared and submitted to HMRC on your behalf. Property capital gains tax returns can also be prepared for executors where there is a gain to report on a deceased’s former home.

The additional tax and accountancy services provided include the preparation of tax repayment claim forms R40, the preparation of accounts, submissions under the Trust Registration Service and advice on the tax implications of wealth held in assets such as EIS/SEIS/VCT investments, bonds or cryptocurrencies. 

As a long-standing member of the Society of Trust and Estate Practitioners, I am well placed to provide advice to individuals, families and trusts on inheritance tax matters.  I have also worked closely with solicitors and financial advisers over many years in providing tax solutions.