Private Clients

Where possible all tax returns are submitted online as we find this is the most efficient method. As registered agents we can also check client’s tax records by directly accessing H.M. Revenue & Customs own computer. Tax really is not taxing if you leave it to us to deal with!

If we provide inheritance tax planning we will also have considered the impact on your capital gains tax and income tax situation. It is all very well saving inheritance tax but not if it creates an even larger bill for another tax. Trusts are frequently a useful tool in planning arrangements. We have considerable experience in both the creation and administration of trusts. If a trust is the right answer for you we can see it through from start to finish.

We understand that no two businesses or families are the same and work with our clients to ensure that any business disposal is achieved as easily and as tax efficiently as possible.

We feel that you cannot start planning your business exit strategy too soon and we frequently factor this into the arrangements when the business commences!

It never ceases to amaze us how many people do not have current or valid wills. If no will exists a person dies “Intestate”. Very few people actually know the rules of intestacy.

Those without wills will not therefore know with any certainty who is going to inherit their hard earned wealth. Many people think that if they are married and die intestate that their spouse will simply inherit all of their assets. This is not the case and a nasty surprise can await any surviving spouse who thinks this way.

We are accredited by the ICAEW to carry out probate work. Probate ensures that when a person dies all assets are collected, liabilities paid (including taxes), Grant of Probate is obtained (this is required in order to release an individual's assets) and ensure their assets are distributed in accordance with the terms of their will.

Sometimes this can be a straightforward matter whereby we assist you with the inheritance tax forms and probate application. Other times estates can be sizeable and complex. Either way the team at Almswood can help. We only charge on a fee basis for the time spent. We believe this is a much fairer way than charging a percentage of the value of the estate. It allows us to tailor our services to your needs.

Download our Probate Information document

We have significant experience at managing and administering these trusts and can ensure they are managed efficiently and ensure all tax compliance matters are completed correctly and on a timely basis. We can also ensure the maximum distributions from the Trusts are made to the beneficiaries without incurring unnecessary tax liabilities.

We are able to assist individuals who require somebody to act in respect of their financial affairs if they are physically or mentally incapable. A Lasting Power of Attorney would need to be in place and Almswood can help prepare this to the specifications to suit your needs.