Navigating through the personal tax environment has never been more difficult. As new taxes are introduced with increasing frequency and as tax law becomes progressively more complicated, it is vital to seek professional advice to keep up to date.
At haysmacintyre we believe in providing a personal service tailored to the individual needs of every private client.
Sensible tax planning can simplify your financial affairs and protect your wealth. Our award winning team of personal tax specialists can advise you on every aspect of your personal tax position, from dealing with your annual tax return to structuring your affairs efficiently to meet your future goals.
Bespoke financial planning
We recognise that everyone’s financial position is different, so our financial advice will always be tailored to your individual needs. In addition to personal tax compliance and planning, we assist clients with wills, trusts and inheritance tax planning.
In co-operation with our colleagues at Brewin Dolphin, a leading financial planning firm, we can deliver the most appropriate financial and tax advice to meet your goals for the future.
Tax affairs are becoming increasingly global.
Whether you are coming to the UK for the first time, returning from many years abroad or leaving for new adventures outside the UK, making sure your personal tax affairs are up to date as you move between countries is key.
As a member of MSI, one of the world’s largest alliances of international law firms and accountants, we have the expertise to simplify your tax affairs and make dealing with your financial affairs less stressful wherever you are in the world.
UK and offshore trusts
Trusts exist for a number of reasons, whether it’s generational tax planning, securing offshore assets or protecting your dependents and beneficiaries from unscrupulous partners!
We act for hundreds of trusts based in the UK and overseas. Many of them are family trusts, but we also assist many large private charitable foundations.
We advise clients on practical tax planning opportunities for using trusts for family wealth management and asset protection. Additionally we provide accounting and bookkeeping services and prepare and submit the trust’s annual tax returns.
Many people approach inheritance tax for the first time at a difficult period perhaps following the death of a loved one. However some careful planning during someone’s lifetime can ensure that an estate is administratively simple, that it meets your objectives for the distribution of your estate after death and importantly that it is tax efficient.
There are various planning opportunities that can be implemented during someone’s lifetime that could reduce future liabilities. For example a trust could provide school fees for grandchildren or hold assets for future generations without the risk of giving the property absolutely.
Inheritance tax used to be a called an optional tax, but with increasing house prices and nil rate bands that have barely changed in a decade many more people than ever before are falling within the tax net.
Our tax team will meet with you to discuss your plans and recommend the best options available to you.
Wills and probate
Sadly this is an area that everyone will come into contact with at some point and we appreciate that quite often many people are not ready or do not know where to start. Our probate team is experienced in dealing with clients during what is often a sensitive and emotional time. We can guide you through the whole process of administering the estate, submitting the inheritance tax return to HMRC and obtaining probate.
In addition to offering advice, we can also act as a trustee or executor of your will through our trustee company, haysmacintyre Trustees Limited.
Investigations, enquiries and disclosures
The last few years have seen a significant increase in the number of HMRC investigations and enquiries into personal tax affairs. HMRC has wide-ranging powers to obtain information from third parties, including those overseas, which it compares to information disclosed on tax returns. Such systems are not infallible, so taxpayers may receive unnecessary enquiries simply to explain any mistakes or misinterpretations in HMRC’s records.
Our experienced team will make dealing with HMRC less stressful and handle every step of the investigation on your behalf.
Our Tax Investigation Service helps support our clients by providing protection against the cost of professional fees in connection with HMRC enquiries.
The tax obligations around property ownership have increased significantly in recent years and whether you live in the UK or overseas, its important to remain up to date and compliant. Non-resident landlords and overseas property owners have been a main focus of tax changes in the last few years. The introduction of the annual tax on enveloped dwellings and the requirement to disclose property sold by overseas owners means that there are circumstances where tax returns may be required even if there is no liability to report.
We assist a wide range of non-resident landlords, both individuals and companies, to prepare their income tax returns, ATED returns where appropriate and capital gains tax declarations following the sale of properties.