Structuring

Capital Gains Tax and Asset Protection

Capital gains tax (CGT) is a complex tax, paid on the increase in value of both business and non-business assets on disposal. Our team can ensure that your business is structured in a way that maximises the ability to use capital gains concessions and opportunities to your advantage. For private individuals, there are CGT implications on the disposal of a significant range of assets, including:

• Shares
• Land and property
• Units within unit trusts
• High value personal property, including antiques, art and cars.

We can work with you to plan your purchases and disposals, to make full use of your CGT discounts, reduce your liability and protect your assets.

New Businesses

At TCM, we recognise that starting a new business – whether or not this for the first time – is time-consuming and involves extensive administration.

For some people, these unfamiliar procedures make this a daunting prospect. We can help you by making the process as straight forward as possible. We can assist you in certain aspects of your business start-up including advice on the most appropriate business structure including:

• Business structure establishment
• Company secretarial services, if appropriate
• Dealing directly with all necessary paperwork
• Putting you in touch with other relevant advisers
• Preparation of budgets and cash flow statements

We can review the structure of your business, individual circumstances and all types of transactions to advise you on the most tax-efficient ways to organise your affairs to protect your wealth. By keeping up to date with the latest technical and legislative changes, and by building and maintaining good relationships with other professionals, we can be proactive in offering timely and relevant advice.

Capital Expenditure

When your business is growing – or you want to prepare the ground for future growth – you will almost certainly need to invest in buildings, plant and machinery. This is likely to involve significant sums of money.

We can help you to achieve the maximum benefit from your investment by planning your capital expenditure to achieve the most tax-efficient solutions. This can be complex so it makes sense to talk to our expert team as soon as you start thinking about capital expenditure, so we can develop a spending strategy that makes best use of your capital.

Planning for Business Sales, Acquisitions and Re organisations

By considering in advance the structure of this type of transaction, we can find opportunities to reduce your tax liability. Business succession including Buy Sell Agreements ought to be considered early on in your planning process.