Tax Planning has many facets. Mercantile Solicitors focus on capital taxes which typically fall for consideration in the context of business succession planning, retirement of a business owner or the sale of a business. There is the low hanging fruit of ensuring to avail of common tax reliefs which might otherwise be lost due to failure to take advice early enough. At another level there are complex tax planning arrangements which can involve restructuring businesses and shifting assets between associated companies. Within those complex tax planning arrangements, there may be a need to use more complex tax reliefs such as Associated Companies Relief or Amalgamation Relief (Stamp Duty). Mercantile Solicitors have significant experience in the application of these complex reliefs. The following reliefs may require consideration by a business or business owner depending on the circumstances.
CAT Reliefs
Agricultural
Business
Dwellinghouse
Favourite Nephew
Gift Splitting
Annual Small Gifts Exemption
CGT Reliefs
Retirement Relief
Disposal of Business to a Company
Entrepreneur’s Relief
Disposal of Site to a Child
Stamp Duty
Consanguinity (Blood Relative Relief)
S.79 Associated Company Relief
S.80 Amalgamation Relief
Discretionary Trust Tax
Discretionary Trust Tax Reliefs