Personal Tax and Trusts

At Smailes Goldie Turner accountants in Hull, we take a practical approach to your personal tax affairs, providing advice tailored to your circumstances to help keep your personal tax liability to the lowest possible level.

Our specialist tax team can provide you with year-round advice on all aspects of income and other personal tax, to optimise your tax position and ensure you meet compliance requirements. We can complete tax returns on your behalf, calculate any tax liability and advise you on exactly when and how much to pay.

If you are selling or giving away a capital asset – like a second home, jewellery, antiques or stocks and shares – we can provide proactive advice on appropriate reliefs to reduce your capital gains tax liability.

When it comes to passing on your wealth, there is a range of tax-saving opportunities available and the earlier you seek expert advice, the better placed you are to take full advantage of these. We provide comprehensive inheritance tax and estate planning services, including:

  • help with planning and reviewing a will
  • making full use of exemptions and lower tax rates on lifetime transfers
  • optimising lifetime transfers between family members
  • transferring agricultural or business property
  • transferring assets into trust
  • arranging adequate life assurance to cover potential inheritance tax liabilities.

We also have expertise in dealing with trusts, a tax-efficient tool for removing assets from the inheritance tax net while enabling you to pass on wealth to  future beneficiaries. We can advise on the most suitable type of trust, assist in setting up the trust and provide the full range of accounting services required for trust management.

For more information about Smailes Goldie Turner, specialist agricultural accountants in Hull, please contact us.

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