Inheritance tax is the tax paid on someone’s assets after they die (although it can also apply to certain transfers made during your lifetime).
Whilst it is estimated that only 1 in 20 estates in the UK pay IHT, when it does apply the IHT liability can be substantial. Â
IHT and estate planning involves making decisions and creating a plan on how to pass your assets to your intended beneficiaries in the most tax efficient manner, in some cases without also passing on control of those assets, particularly where minors are involved or on divorce, separation or bankruptcy.
Trusts offer a flexible means of managing assets and provide a useful tool for asset protection and estate planning. We can help advise settlers, beneficiaries and trustees on the tax implications of establishing, managing and winding up trusts in the UK and offshore.
More and more people these days find themselves spending periods of time living and working overseas but do not always understand what that means from them from a tax point of view.
Whilst some will only go abroad for a short period, and may need to consider their tax residency status, others may emigrate or move abroad indefinitely and may also need advice on their domicile position.
We can also assist non UK nationals coming to work or live in the UK.
Capital gains tax arises on the disposal of most (but not all) assets. We most often see capital gains tax liabilities arising in the context of the disposal of a property, shares, cryptocurrencies or a business and can advise on your capital gains tax liability taking into account any allowances and exemptions. We can also advise on the likely capital gains tax treatment of a transaction before it occurs to ensure that no planning opportunities are missed.
For many people, constantly changing legislation combined with increasing tax scrutiny has made the preparation of annual self-assessment tax returns a time-consuming, difficult and at times nerve-wracking process.
Getting your tax return wrong can be troublesome and expensive to deal with, particularly if you have complex tax affairs.
We provide assistance with self-assessment tax returns for those with complex tax needs or high net worth and wealthy individuals who feel they may come under more scrutiny.
Pension schemes can provide a great tax efficient way to put money aside for the future. Despite this, statistics continue to show low levels of confidence in pensions with taxpayers commonly citing the limited level of return compared with other investment opportunities as well as undesirable restrictions on the use of the money and the timing and form of the benefits as the main reasons for not considering pension planning. We can advise on the use of UK pensions, as well as where relevant overseas pensions such as QNUPs and QROPs.
Excellent service from the team at ETC. They have been preparing my tax return for the past few years now and each time they’ve done an excellent job. Very professional, strong attention to detail, and always available to clarify any questions I have. Highly recommend their services, particularly for anybody with complex tax needs.
ETCs has provided us with expert guidance which helped us navigate complex tax laws. Their attention to detail and deep understanding of tax regulations gave us peace of mind, knowing we’re fully compliant and making the most of available opportunities. Professional, efficient, and trustworthy-highly recommend their services!
Great tax service from ETC Tax. They have handled my crypto tax requirements for the last few years and I’m delighted with their professionalism. Highly recommended.
ETC were well-informed about my specific request for advice regarding tax-treatment of crypto-assets. It was very easy to arrange a phone-consultation; the person who called me was very pleasant, communicated clearly and gave clear advice and information.
Our client was faced with a high VAT bill after HMRC challenged their VAT recovery on legal costs. ETC not only succeeded in defending our client’s position but did so in an innovative way, gathering and using facts and VAT case law to establish arguments as to why they could recover VAT costs thus defending their position and recovering the VAT costs.
Enterprise Tax Consultants provide valuable support to us regarding complex tax issues across a full remit of specialisms. The team are knowledgeable, approachable and commercial, finding us practical solutions to our clients’ problems. As a small accountancy practice this service enables us to offer advice and services usually only found in larger firms.
We’ve used different tax people in the past who have been OK, but since finding ETC our team couldn’t be happier; as we grow our practice we are so confident knowing ETC will be able to solve our clients’ problems – we know what we don’t know but we are confident that ETC will know.
ETC give us the whole spectrum of specialist tax advice enabling us to retain our clients and push the practice forwards.
Private client tax covers personal tax matters, including inheritance tax, capital gains tax, pensions, and more. It’s ideal for individuals, families, and business owners with complex financial situations who want to manage their affairs efficiently and stay compliant with HMRC.
Even though only a small percentage of estates in the UK pay IHT, when it does apply, the liability can be significant. If you have substantial assets or own property it’s worth planning ahead to reduce or manage any potential tax burden.
Estate planning helps you decide how your assets will be passed on to your beneficiaries in the most tax-efficient way. It can also protect your wealth in situations like divorce, separation, or bankruptcy, without always giving up control of the assets.
A trust is a legal structure used to manage assets for the benefit of others. Trusts can help with tax planning, asset protection, and ensuring your assets are distributed in line with your intentions. We advise on UK and offshore trusts for both individuals and families.
Where you live  can affect how much tax you pay in the UK. If you live or work abroad, or plan to move overseas (or into the UK), getting advice can help you avoid unexpected tax bills.
