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    Tax Services

    SECURING YOUR ASSETS FOR THE FUTURE

    Many private clients based in or connected to the UK are members of a family of global citizens who have, in addition to the UK, multi-jurisdictional personal, family, business and investment interests across a number of borders, countries and regions.

    Our tax team provide the full range of contentious and non-contentious tax advice to clients both in the UK and globally.

    Tax is increasingly complex, reputationally sensitive and potentially costly. We will help you plan and manage your tax affairs efficiently, and ensure you are tax compliant.

    Specifically, clients continue to rely on our help in areas such as:

    • Residence and domicile, pre-immigration tax and wealth planning and emigration planning
    • International and cross-border personal and corporate tax planning
    • Corporate tax planning for trading compliance
    • International asset-holding structures for personal and business assets, including art, private jets, yachts and classic cars
    • Tax-efficient remuneration and the tax- efficient extraction of business profit
    • Tax-efficient structuring of investments for UK and non-UK domiciled individuals
    • Tax authority enquiries and investigations
    • Voluntary disclosure of undeclared tax liabilities
    • Obtaining formal revenue clearances
    • Tax profile risk management
    • Reporting obligations
    • Estate Planning

    For more information on our services or to have a free consultation please contact one of the team on 020 7822 4000 / 01273 685 888 or email tax@healys.com.

    Call Us Today
    Call our London office on 020 7822 4000 or our Brighton office on 01273 838734. You can also contact us online.
    Call Us Today
    London: 020 7822 4000 Brighton: 01273 838734 Or you can contact us online: Contact Us
    Key Contacts
    Headshot of James Wolfson
    James Wolfson
    Solicitor
    Headshot of James Smith
    James Smith
    Tax Consultant
    Meet the team
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    • Inheritance tax and offshore estate planning advice in the context of a foreign domiciled businessman having disposed of his UK business to international purchasers and claiming UK entrepreneur’s relief on the gain for capital gains tax
    • Advice to South American clients to acquire a London residential property structured to avoid inheritance tax, capital gains tax and annual tax on enveloped dwellings and restructure of UK investment properties through an offshore structure to avoid inheritance tax
    • Advice regarding creation of offshore trust for UK family of Italian parents consequent upon tax disclosures between Italy and Switzerland in relation to family investments held in Switzerland
    • Co-ordinate international offshore structures for wealthy South African family whose members have moved to the Australia, the US and Canada
    • Co-ordinate the offshore structuring for the international textile business of a wealthy Indian family, including licensing of international brands, repatriation of a particular brand to India with a view to Indian listing, and international development of another well known fashion brand involving offshore holding and licensing entities
    • Advice regarding divestment of US investor in a South African food conglomerate, restructure of existing Jersey trust structures involving Dutch “Co-op” and Antilles holding structure, and disposal of part of the South African business under the Black Economic Empowerment (BEE) programme
    • Advice relative to a number of US foreign grantor trusts for heads of families with children and relatives in the US to avoid US tax on income, future “step- up” basis to avoid tax on historical gains and tie in with US family perpetual trust and estate planning
    • Advice regarding a purpose trust structure to hold resort properties in Thailand as part of commercial joint venture holiday concept similar to timeshare for UK and US joint venture partners
    • Advice relative to restructure and rationalisation of Jersey trusts for Singaporean high net worth family with a view to creation of private trust company/ family office structure
    • Working with US tax lawyers to interpose a purpose trust structure holding a finance company between existing Jersey Trust and US trust structures requiring funding to develop US shopping complexes and commercial property
    • Advice relating to the creation of unitised property trusts in Jersey (JPUT) and Guernsey (GPUT) for international commercial property investments in the UK
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    • Spring Budget 2021 Change ‘Generation Rent to Generation Buy’

      3rd March 2021

      In a bid to keep the UK economy stable, Chancellor Rishi Sunak announces new plans to support home buyers

      During today’s Spring Budget announcement, the chancellor confirmed that he would boost support for home buyers through a mortgage guarantee.

      Several major lenders including Natwest, Lloyds, Barclays, Santander and HSBC have agreed to provide 95% mortgages to home buyers in return for a government guarantee on those mortgages.

      Low-deposit mortgage accessibility has declined since the pandemic started, which has made home-ownership unreachable for many. But the government hopes that these plans will give more people the support and opportunity to buy their own homes.

      It was also announced that the Stamp Duty Land Tax holiday in England and Northern Ireland will be extended for purchases up to £500,000 until the 30th June, meaning home buyers avoid the stamp duty levy on purchases under that amount. After this date, the starting rate of Stamp Duty will be £250,000 until the end of September, before returning to the previous level of £125,000.

      Daniel Winslow, Partner and Head of Leasehold Services at Healys LLP comments:

      “In the end then the announcement was largely as anticipated, but for perhaps a few additional reveals here and there. In my view extending the SDLT holiday will provide a much needed crutch for the economy to rest its weight whilst its other limbs scramble for footing as we move out of lockdown. The tapering back of the SDLT thresholds is also an interesting development and one which I am in favour of. Suddenly stopping the SDLT holiday (whether at the end of March or the end of June) would have almost certainly lead to a shock to the market and to the economy as a whole. By delaying and then tapering back the SDLT limit (and introducing the 95% mortgages) the government clearly hopes to either stop that from happening completely or at least turn that cliff edge many have been talking about into a downward hill to an eventual (hopefully high) plateau. If property transactions do decline then by the time we all get to that plateau the economy will hopefully be ready to throw away its crutch and start running!

      “In terms of the 95% mortgages, I think this is an excellent introduction, provided of course it is done safely. It will give many perfectly worthy potential homeowners the chance to achieve their dreams where previously they would have been priced out of the market. Much talk has been made of a lack of housing stock, but when has there ever been enough housing? Also, who says only the cash rich should be entitled to be homeowners? I think it helps provide a level playing field, and it is one that I am all for.”

      Healys LLP are award winning conveyancing solicitors based in London, Brighton & Sussex. Our conveyancing solicitors have a vast amount of experience in property law and we deal with all aspects, including the purchases & sales of homes, freeholds, leaseholds, shared ownership schemes, remortgaging, lease extensions and more. For more legal updates or legal advice, please visit Healys LLP’s website.

       

    Call Us Today
    London: 020 7822 4000 Brighton: 01273 838734 Or you can contact us online: Contact Us
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