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Meaning - An easy and pleasant life.

We strive to make the financial aspects of running
your business or organisation as easy as possible.
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We can help you grow your business, and advise you
on the best strategy to give you...the life of Riley.

Trust, Estates and Inheritance Tax Planning

Trust tax returns and inheritance tax planning

Dealing with the tax surrounding trusts and estates and inheritance tax can be extremely complex and often is a sensitive subject. Often these things can be difficult subjects to talk about with your families and loved ones.

At Riley and Co we have a friendly, professional Chartered Tax Specialist (CTA) with experience in these areas who can help you to address personal and family needs at the same time as maximising potential tax benefits.

We can help to decide on the best type of trust for you as well as other options, such as gifting or business property relief, which will help to protect your assets both immediately and look after your loved ones when you are no longer around.

We also provide services to maintain the trusts. Where required we can:

  • Prepare annual accounts
  • Complete and submit Trust tax returns
  • Prepare & advice beneficiaries on distributions that are made from the trust
  • Help with capital gains aspects of moving assets to and from trusts

Estate tax affairs

When someones estate receives income or sells assets after they pass away there is a requirement to let HMRC know what tax is due in the period until all their assets have been distributed to their beneficiaries. Sometimes this means that a tax return is required too.

Dealing with this ‘period of administration’ can be a complex and lengthy process.

Let our Chartered Tax Specialist (CTA) help you and your solicitors to communicate with HMRC and make finalising the tax affairs as stress free as possible by:

  • Submitting Estate Tax Returns to HMRC (or informal returns where more suitable)
  • Preparing annual income accounts where necessary
  • Preparing statements of estate income and forms R185 for income paid to beneficiaries
  • Capital gains planning and calculations for the estate

For more information as to how we can help

Email us or fill out the form below.

Find Out How We Can Help You

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