Trust and Estate Returns in Leamington Spa

Trusts can be an effective vehicle for controlling and protecting assets. However, being a trustee carries with it a number of tax and legal obligations.

Under a trust arrangement, trustees are responsible for declaring any taxable income or capital gains received by the trust, via the Trust and Estate Tax Return. Trustees must also keep records of the trust's income and expenses, provide information to beneficiaries, and deal with any inheritance tax (IHT) liabilities.

There is a variety of trusts available and the record-keeping and tax implications vary for each one.

Trusts can be a particularly confusing area of taxation. Michael Harwood & Co have a wealth of experience in this area and can guide you through the minefield.

Michael Harwood & Co in Leamington Spa can help with all types of Trust Return, covering such areas as:

• Preparation of estate accounts
• Completing the Trust Return
• Advising on the trust's income tax or capital gains tax (CGT) liability
• Inheritance tax services
• Dealing with HMRC on the trustee's behalf

Based in Leamington Spa, Michael Harwood & Co offer a range of services relating to trusts. Our experienced team can ease the burden by handling all of the necessary paperwork for you, while also helping you to maximise any tax planning opportunities that may be available to the trust.

Please contact us for further help and assistance.