Private Client Tax

Personal Tax Compliance

We have a dedicated team of personal tax advisers who look after all of our clients personal tax compliance matters.

Our dedicated team provide a comprehensive compliance service covering all of our clients’ obligations to HMRC throughout the year; ensuring filing deadlines are met, the correct amount of tax is paid over on due dates and all available tax reliefs and allowances are claimed. We find our approach and reputation with HMRC limits the number of our clients who are subject to tax enquiries but have specialist experience in dealing with these should they arise.

Our team are readily accessible to answer any questions you may have and will ensure that you are made aware of available opportunities to reduce your tax liabilities.

Self Assessment

You may need to complete a self-assessment tax return for a tax year if any of the following applies to you:

1. HMRC has issued you with a tax return.
2. You have disposed of an asset.
3. You have any source of income which is not taxed at source sufficiently.

In addition, you may wish to complete a self-assessment tax return to claim any tax reliefs or allowances due to you, or if you have made losses which can be claimed for current or future use.

1. Preparation and submission of Tax Returns or repayment claims.
2. Liaising with HM Revenue & Customs on your behalf.
3. Advising on due dates for tax liabilities and securing tax repayments.
4. Advice on NIC liabilities or repayments due.
5. Advice on tax reliefs and allowances that are available.
6. Advice on tax planning opportunities that may exist.

HMRC Enquiries and Investigations

We have experience with the various types of enquiries and investigations which HMRC may open into the affairs of private clients. Our specialist teams can handle all exchanges with HMRC on your behalf. We strive to conclude HMRC enquiries as efficiently as possible, with minimum disruption to you.

Our experience with private clients includes:

1. Dealing with both aspect and full enquiries.
2. Complex technical disputes on specific issues.
3. Cases handled by HMRC Special Investigations.

We are also able to offer clients tax investigation insurance. For an annual fee, clients can insure themselves against professional fees that would be incurred should HM Revenue & Customs open an enquiry into your affairs

Private Client Tax

Our specialist Private Client Tax team works closely with business owners and other private individuals to structure their affairs most efficiently for tax planning and longer-term estate planning.

We combine a highly professional yet cost-effective compliance and reporting service with a strong value-adding advisory capability.

With ever-changing tax rates, reliefs and allowances and the too often onerous complexity of the tax system, it is vital to organise your affairs in a tax-efficient manner, employing professional expertise, to increase personal wealth.

We have expert advisors with extensive knowledge of all taxes that affect private individuals. Our Private Client team works closely with Corporate and Business Tax colleagues to ensure an integrated approach to advising business owners.

Types of Private Client Tax

1. Personal Tax Compliance

We have a dedicated team of personal tax advisers who look after all of our client’s personal tax compliance matters.

2. Tax Planning

We can advise you on structuring your tax affairs in the most efficient way and provide specialist bespoke tax planning solutions.

3. Estate Planning

We can work with you on your long-term estate planning needs, providing specialist advice on Inheritance Tax, Wills, Trusts and Estates, Pensions and Retirement Planning.

Tax Planning

We work closely with clients to structure their affairs in the most tax-efficient way.

Our tax planning team have the technical knowledge, experience and ability to deliver a wide range of tax planning solutions for our private clients.

We are continually providing clients with tax planning solutions relevant to their current situation and which can contribute to longer-term personal and wealth creation objectives.

Income Tax and NICs

Proactive advice and structuring clients’ affairs are vital to minimise Income Tax and NIC liabilities.

Our team has a strong reputation for its Income Tax planning. As well as the traditional planning techniques, we have the experience and knowledge to be able to provide further specialist and bespoke advice when:

1. HMRC has issued you with a tax return;
2. You have disposed of an asset
3. You have any source of income which is not taxed at source sufficiently.

In addition, you may wish to complete a self-assessment tax return to claim any tax reliefs or allowances due to you or if you have made losses which can be claimed for current or future use.

We are confident in offering our private clients various tax planning solutions, integrated tax planning, and proactive wealth development and management services.

Capital Gains Tax

Significant Capital Gains Tax savings can be made with proactive advice before a transaction. Using advance structuring or planning the nature and timing of disposals, it may be possible to reduce the capital gains tax payable from 28% to 10% or potentially defer or eliminate this.

Contact us if you are contemplating making any disposal which could crystallize a liability, including any of the following:

1. Shares and Securities
2. Property
3. Offshore assets

Our team have advised on all types of asset disposals, from residential and commercial property to owners of businesses involved in significant corporate transactions.
We will provide innovative solutions and planning ideas, as well as integration of personal and business capital gains tax planning and post-transaction tax planning options.

Property Tax

Our client portfolio covers the entire property spectrum, so whether you are a commercial or residential property investor, developer, land dealer or simply a trading business which owns the property, we will have a range of tax opportunities to ensure you optimise your tax position. Our bespoke advice covers the full range of taxes that may impact your property ownership, including Income Tax, Corporation Tax, Capital Gains Tax, Capital Allowances, Inheritance Tax, VAT and Stamp Duty Land Tax.

We offer clients:

1. Advice on tax-efficient ownership structures.
2. Structuring for tax-efficient disposal.
3. An integrated tax planning service for individuals and businesses.
4. Innovative Capital Gains Tax and Inheritance Tax Solutions.
5. Optimising Capital Allowances claims on your existing portfolio or new acquisitions.
6. An accountancy and bookkeeping solution for portfolios.
7. Minimization of VAT leakage.
8. Stamp Duty Land Tax planning.
9. Support and expertise in dealing with HMRC enquiries.

International Tax

We offer clients advice on residence and domicile matters and expatriate taxes related to income tax, capital gains tax, and inheritance tax. Our tax planning team can provide bespoke advice to clients arriving or leaving the U.K..

Tax Efficient Investments

Tax Efficient Investments often form part of an individual’s overall tax planning and wealth management strategy. Our tax planning team has significant experience and knowledge of Tax Efficient Investments. We work alongside advisers at Meer Wealth Management to provide integrated advice on how these may be used as part of a client’s Income Tax, Capital Gains Tax and Inheritance Tax planning.

We offer our clients:

1. An integrated tax and wealth management service.
2. Significant experience and knowledge of this complex area.
3. Comprehensive advice from both a tax and investment perspective.
4. Advice linked to long-term estate planning objectives.

Estate Planning

We work closely with clients to help them achieve their Estate Planning objectives. Our Private Client Tax team and advisors have the technical knowledge, experience and ability to deliver a complete Estate Planning service.

We have significant expertise in Estate Planning and tax advice relating to Inheritance Tax, Wills, Trusts Estates and Pensions. Our Private Client Tax team, Corporate and Business Tax teams will work closely together to deliver a completely integrated Estate Planning service.

We are proactive and not reactive with our clients and continually provide clients with innovative and practical solutions in line with their circumstances that meet their objectives.

types of Estate Planning

1. Inheritance Tax and Wills

We work closely with clients to formulate a long-term Inheritance Tax planning strategy and have the technical ability to deliver innovative solutions to fit our client’s circumstances; Meer & Co. Private Client Tax team works with advisers.

We offer you a wide range of bespoke solutions, combining practical advice and strong technical skills to meet your individual circumstances.

2. Trusts and Estates

We work closely with advisors who have significant experience in the formation and operation of Trusts and the administration of Estates. We take time to work closely with clients and their families at what can be a difficult time, giving technically sound, practical advice, from a tax protection perspective.

3. Pensions

Our tax planning team has the technical knowledge to advise clients on tax issues around pensions working closely with independent pension advisors.