Burton Sweet have been working closely with individuals, business owners, trustees, and executors since 1969.
Our role
Our personalised processes are clear and responsive throughout. They are designed to provide the advice, planning and protection you need to ensure your tax liabilities are minimised. We aim to cater for each client’s specific circumstances, because there’s no one-size-fits-all approach.
As part of the relationship with our clients, Burton Sweet we aim to keep them abreast of any upcoming changes to tax legislation, which are likely to affect their circumstances. This includes outlining any new obligations imposed, along with identifying available options to mitigate tax liabilities, where possible.
Your needs
We understand wealth and legacy matters are particularly sensitive and can become complex. Our compassionate team are here to guide you through the process and hopefully alleviate any associated stress for you and your loved ones.
Below is a list of the services we offer. Please note that this is not an exhaustive list and if there’s anything else we could potentially assist you with, please get in touch…
- 60-day Capital Gains Tax (CGT) property report, in relation to the sale of residential property, as required.
- Preparation and submission of Self-Assessment Tax returns for individuals (including sole traders), trusts and estates.
- Trust registration via HMRCs Trust Registration Service.
- Vulnerable Person Elections for a disabled person trust or a bereaved minor trust.
- Inheritance Tax (IHT) review will provide you with an indication of the quantum of IHT payable on your death, whilst identifying any tax planning opportunities available to you to mitigate IHT.
- CGT planning, which looks to model the tax liability on the potential sale of an asset, to ensure that the transaction is structured in the most tax efficient way.
- Income splitting to determine whether spouses/civil partners can structure various income sources in a more tax efficient manner, particularly those with rental income.
- The provision of tax advice for settlors, trustees and beneficiaries of a trust on creation, during the life of the trust, and on the cessation of a trust. For example, if in point, can CGT be held over (defer the liability), on assets being settled on trust or assets exiting the trust?
Case study – Finding your personal tax solutions
Being in a relationship can often include the intricacies of combining your finances and property. Find out how we assisted two long-standing clients, who had to relocate and sell their separate properties and how they maximised their available finances to purchase one home together.
If you have a query or are interested in any of the services we provide, please contact one of our team and they will be happy to assist you…
