Tax Strategies for Wealth Protection

Tax Solutions

As you will now be aware Wealth Protection International specialises in facilitating the restructuring of clients’ personal and business assets so that they can then enjoy the resulting tax advantages.  Over the years we have amassed a considerable number of strategies and structures to this end and the following glossary summarises them.

If you are in a situation where one or more apply to your circumstances then please contact us so that we can talk to you about the ones that would be most appropriate to your situation and thus substantailly mitigate your tax liabilities.

Capital Gains Tax

• Trusts with a potential capital gains tax liability of £300,000 or more.
• Shareholders with a potential sale of their company on the horizon.
• Start up companies who wish to put in place a tax efficient exit strategy structure.

Inheritance Tax

• Individuals with less than 2 years to live looking for immediate IHT mitigation.

• Individuals interesting in protecting the value of their family home from IHT.
• Individuals wanting to gift assets to the next generation but who wish to retain an income stream.
• Individuals interested in annuities but who wish to protect the capital for future generations.
• UK domiciled and resident individuals with a UK property portfolio looking to remove that property from the UK IHT net.

Corporation Tax

• Companies holding properties pregnant with substantial gains.
• Companies with the opportunity of realising a profit on a UK property venture.
• Companies wishing to mitigate UK corporation tax.
• Shareholders looking to protect company cash/assets outside of the company without generating a tax charge.

SDLT

• Individuals acquiring residential or commercial property looking to mitigate SDLT.

Income Tax

• Individuals with the opportunity of realising a profit on a UK property venture.
• Individuals looking to extract cash from a trust or company tax efficiently.

Non Domiciled Individuals

• Individuals looking to confirm their non domicile status with HMRC.
• Individuals looking to utilise their non domicile status tax efficiently.
• Non domiciled UK residents owning a UK property portfolio or business interests wishing to remove them from the UK IHT net.

Please contact us by telephone, email or Skype to discuss any relevant situation with us in more detail.

Income Tax Mitigation

We can now advise that we have planning available to mitigate income tax on current year and 2007/08 income and gains. Anyone interested must register their interest with us as soon as possible so they can be included in the next round of the planning.

Tax Product News

We are pleased to announce that the minimum contribution for Remuneration Trusts has fallen from £500,000 to £150,000. For more details please contact us a soon as possible.

Family Home IHT Planning

One of the “Holy Grails” of tax planning has always been the removal of the family home from an individual’s estate for inheritance tax purposes whilst enabling them to continue living there.

We have access to a strategy that enables an individual to borrow against the value of the family home and invest those funds in an annuity product such that the value of the family home effectively moves out of their estate.  There is no equity release involved.

For more details on this please contact us as soon as possible.

Corporation Tax Mitigation

Now is the time for companies with imminent year ends to consider undertaking corporation tax mitigation planning. We have a number of structures available intended to incentivise employees which have the added advantage of creating an immediate corporation tax deduction.

In order for the planning to be effective the company MUST make the decision to provide for the employee benefits prior to its year end and preferably be in a position to make the payment before the year end as well.

For more details on corporation tax mitigation please contact us.