TAXATION AND

TRUSTS

"I have been a client for over forty years.  Initially, Thompson Jones dealt with the accounts for the business that I ran for over 25 years with my husband. Now, they deal with my personal tax affairs, including, in recent years, work on Trust matters.

The team are very approachable and very thorough.  If any problems arise, they are dealt with speedily and professionally.

Thompson Jones offer a very personal and tailor-made service".

Edith Hayhurst

We can advise on the suitability of a trust structure according to your unique requirements

and circumstances

A team of reliable, approachable

and proactive accountants

Tax

​Tax, whether income, business or capital is complex and sometimes it is difficult to know what you need to pay and whether changes in legislation directly affect you.  Efficient planning can make a significant difference. 

 

Trusts

A trust can still prove an efficient way of protecting and managing wealth. There are various types of trusts, used for a variety of different circumstances and the tax legislation that impacts may well have changed since the trust was first created.

A trust can be an appropriate way to hold property for a child or to set aside a ‘lifeboat’ fund for grandchildren. On the other hand, if a trust has run its course, it may be a question of planning how to wind it up so that the beneficiaries can receive funds or assets without a tax cost.

 

Trusts are used in wide-ranging circumstances, including:

  • Protection of family assets.

  • The management and control of assets when someone is too young to manage them themselves.

  • The management and control of assets when a person is unable to manage their own affairs, for example, because of health issues.

  • To pass on assets either in life or for management post death.

 

Get in touch and discuss your needs with our Trust and Tax specialists

Contact us for a free initial consultation

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