Company reorganisation streamlines client’s business tax2024-03-21T12:49:06+00:00

Company reorganisation streamlines client’s business tax

Get in touch to discuss your tax 07813 434195 stephanie.churchill@churchilltaxation.co.uk

The Problem

Edward owned a building that was used as a restaurant in one company, and he also owned a separate company, which ran the restaurant business. This meant the valuable building was in his estate for inheritance tax purposes and would be subject to a higher rate of tax if the company were sold.

The Solution

We reorganised the companies into a group, while applying for the relevant HMRC clearances to ensure no tax was triggered along the way. We also considered whether a wider planning strategy would further improve the family’s tax position.

We worked closely with the lawyers involved to ensure the reorganisation was dealt with in a timely and tax-efficient manner.

And thanks to our advice, Edward’s tax affairs have been streamlined. Plus, he has potentially saved hundreds of thousands of pounds in both inheritance tax and/or capital gains tax in the future.

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ACROSS THE UK

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Our support can help you whether you live in London, the South, the Midlands, Wales, or the North.

With Churchill Taxation, you’ll benefit from the skills of a highly qualified team, combined with a tailored, personal service, ensuring you receive the right advice for you.

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TAX

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SUPPORT

As a small business owner, the word ‘tax’ may fill you with dread.

But it doesn’t have to be that way.

We’re here to take the pain out of your business tax by saving you time and hassle and making sure you don’t fall foul of HMRC rules. Our advisers are trained to deal with all areas of tax that are relevant to your small business. This includes corporation tax for limited companies, VAT and income tax for partnerships.

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ESTATES

If you’re a trustee or executor, we’ll work with you to ensure your trust or estate is managed efficiently and correctly.

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Our team of experts understand complex tax legislation and are up to speed with the latest developments, so you can rely on our advice.

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Our prices start from £295 per hour plus VAT, and our fees are agreed at the start, so you’ll be clear on the cost.

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