Inheritance tax at 40% can devastate a persons estate. Granite specialises in advising client on the various options and reliefs available to mitigate this tax in a simple and straight forward manner.
CGT is a complicated tax which arises on the sale of land, property and other assets. Granite can help you establish what tax is due, maximise any claims for reliefs and exemptions, and finally assist you with disclosure to HMRC which has to be made within 30 days in the case of residential property.
Granite specialises in advising client on existing trust structures. You may for example have set up a trust several years ago and wish to ensure that it is still fit for purpose.
Should the trust be broken up?
Should the trust be brought onshore?
Moving to the UK?
Leaving the UK?
Either way you are likely to need tax advice. Granite can assist you to establish your tax residency and domicile position.
Transferring property portfolios is a complicated business requiring detailed consideration of capital gains tax and stamp duty. Granite have a huge amount of experience in successfully advising clients in this area.
Granite specialises in establishing all sorts of trusts including,
Employee Ownership Trusts
Excluded Property Trusts
Interest in Possession Trusts
Have you had an enquiry letter from HMRC? Or do you have some income or gains which have not been fully disclosed?
If so Granite can help you liaise with HMRC to resolve the issue as painlessly as possible.
Thinking of retiring?
Would like to sell your business to your employees in a tax efficient manner?
Then an Employee Ownership Trust might be for you, introduced by George Osborne EOTs offer a CGT of 0% if all conditions are met. Contact us for further details.
The Stamp Duty regime has become increasingly complicated over recent years. As a result people often end up paying more stamp duty than necessary. We can carry out a review before you buy a property to confirm the correct amount that you should be paying.