Trusts are extremely useful instruments for tax planning purposes - especially if you want to reduce inheritance tax liability in your estate.
Not all chartered accountants are as well versed in the use of trusts as we are at Robert Hayden & Co in Stockport.
We are thoroughly experienced in preparing trust accounts and tax returns – plus filling the necessary forms such as R185 for beneficiaries.
Trusts are particularly useful for holding shares in private companies as part of a family financial or tax plan – but also serve many other purposes:
- Providing funds for your family’s education and welfare
- Restricting access to property by future beneficiaries
- Providing for those who are disabled in any way
- Gifting to charity
There are four main types of trust – each one receiving different tax treatments and adaptable to a particular need.
We can help you determine which are best suited to you, manage the necessary documentation, and advise on appropriate trustees.
Trusts can form an integral part of your inheritance tax and estate planning. Just Contact us today to discuss how you can take advantage of this extremely useful.