Tax Efficiency - but do not let the tax tail wag the dog!
There are several basic tax efficient rules for investments and our advisers are able to make the most of those available, without moving out of your risk boundaries.
The simple tax allowances of Individual Savings Accounts (ISA's), are very easy to take advantage of each year and allow the individual to build up useful tax free investments.
However very few people make the most of Capital Gains Tax annual allowances and these are very easy to utilise and reduce future investment problems.
Capital allowances on investment properties are often not claimed but can provide excellent allowances reducing taxable profits for many years. At times these can also be set against income from other sources.
Inheritance tax is considered an unfair tax by many. However too often the basic methods of mitigation are not used like annual gifts out of income and business property relief. We are determined to help our clients transfer more to their beneficiaries, but not to their own detriment!