Company reorganisation streamlines client’s business tax
Get in touch to discuss your tax 01902 585 311 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.
UK TAX
ADVICE
Based in Dudley, in the West Midlands, we’ll work with you over the phone or on email, so it doesn’t matter where you are in the UK or abroad.
Our support can help you whether you’re in London, the South, the Midlands, Wales, the North, or overseas.
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.
PERSONAL
TAX
We’ll review all your personal tax matters to give you peace of mind. Our services include self-assessment tax returns, capital gains tax, offshore tax planning, inheritance tax and personal tax investigations.
We work with a wide range of private clients, from sole traders and entrepreneurs to high net worth individuals (HNWIs), retirees and married couples. With our support, you can be confident your tax matters are in safe hands.
SMALL BUSINESS
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 profit extraction, corporation tax for limited companies, VAT and income tax for partnerships.
TRUSTS AND
ESTATES
If you’re a trustee or executor, we’ll work with you to ensure your trust or estate is managed efficiently and correctly.
We can also help if you’re a financial adviser, accountant or solicitor looking for specialist tax advice in relation to trusts and estates.
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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