Navigating Inheritance Tax for Business Owners, Wealthy Families, Property Portfolio Owners and Farming Families
The updated Inheritance Tax regulations, which took effect in October 2024, will result in increased Inheritance Tax liabilities for many Business Owners, Wealthy Families and Farming Families.
Oldgate Trustees Solicitors and Tax specialists can advise upon navigating Inheritance Tax and a range of other capital taxes.
Our bespoke and personalised Tax Strategies provide full tailored advice, drafting, and implementation ensuring that each solution is uniquely crafted to meet the specific needs of every client we serve.
Taking you through the whole process from beginning to end providing the friendly support and advice you need at every step.
Upon meeting a new client we often hear “I didn’t think there was an answer to my problem of protecting my complex business affairs and my family and this had been worrying me.”
People are quite rightly worried that their children will not be able to agree on how to continue the business or deal with it upon death or incapacity of the Business owner parent, and especially when they may or may not be involved as Directors.
Many business owner founding parents will still be working long beyond their preferred retirement date especially where they wish to remain in control and still enjoy the income they need.
Within an initial meeting, and because we have vast experience in this area, we can devise a strategy which solves the immediate worries, combined with a number of Trusts and very robust Wills as part of that strategy, we can protect the business and the family legacy to ensure money stays within the family line for future generations, whilst control is maintained by the parent to ensure a gradual handover or favourable sale.
Clients are always grateful to their Professional Adviser for the introduction, and working together as a team means the family legacy is in good hands.
Stuart Hamilton - Director
There is a common focus amongst all of us – for our descendants to inherit in a way that provides for their needs while protecting them from outside claimants and providing a degree of protection in matrimonial disputes where inherited wealth can be fair game.
Whether family wealth would benefit from strategic intergenerational planning, or maintaining control whilst passing assets on, we help protect the family legacy by keeping money and assets in the bloodline to provide a financially secure future for loved ones. Our aim is always to legitimately reduce taxes at every opportunity by making full use of the available allowances and reliefs whilst building in flexibility to accommodate a changing future.
We work closely with Accountants and other professional Advisors, where necessary, with the client requirements front and centre of all our planning and advice.
We create the solutions to fit our clients needs and pride ourselves on outstanding service.
Teamwork is where the real benefits often lie.
We provide a timely turnaround across all of our services and when urgent advice is required we are flexible and adaptable.
Client Testimonials
" Oldgate Trustees provide a first class professional service with a personal touch, I can highly recommend them."
Mr D Crute
“We have been dealing with Stuart and the team at Oldgate Trustees for several years and always found them to be very professional, friendly and approachable. They take the time to listen to any concerns before offering guidance and options available.
They are a pleasure to deal with and I would have no hesitation in recommending their services.”
Mr A Wilson
