Background

  • Long standing audit client of the firm
  • Personal tax client of the firm

This client settled a substantial amount in an Accumulation & Maintenance settlement.

The work which has been undertaken over a number of years includes: advice on the assets settled into trust, preparation of annual trust accounts, full reconciliation of substantial rental income received, review of allowable expenses which can be offset against rental income for tax purposes, advising on the amount and source of distributions to beneficiaries, completion of Inheritance Tax forms and advice in relation to the changes in legislation announced in the Finance Act 2006.