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  • Overview

    Tax planning advice was sought by the owners of a large family estate. They wanted to ensure that wealth could be maximised for future generations, but wished to remain living on the family estate, accessing the facilities during their lifetime. We were able to identify the current and future needs of the family and make lifetime transfers to the children while protecting the parents’ rights and occupation of the land. 

    This enabled them to benefit the children of the family during their lifetime, passing wealth out of their own estate to benefit future generations. This was a very tax efficient structure as, given the size of the estate, the potential savings of the transaction exceed £2 million in inheritance tax which would otherwise have been payable on death. 

    With the help of our property colleagues, we were able to implement a planning framework which was tailored to the family needs and the specific assets of the estate.
     

  • Related Services

    Wills & estate planning

    A will is an essential part of your personal financial planning.  

    Tax advice

    The tax system is increasingly complex but we can advise on most issues facing individuals.

Newsletter sign up

I would like to receive newsletters, event invitations and publications from Thomson Snell & Passmore by email on the following topics (tick all those that apply) and consent for my data to be processed for this purpose.

We respect your privacy and want news to be relevant. To either, click here or update your preferences by emailing us at info@ts-p.co.uk. Your personal data shall be treated in accordance with our & .

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By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

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Jargon Buster