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Tax planning and trusts


Tax planning is a complex area of the law.  At Norris & Miles we aim to provide expert and technical advice in a clear and practical manner.  Our aim is to understand your needs and objectives and to develop effective, practical and workable solutions for your taxation issues.

We can advise on all aspects of Inheritance Tax and Capital Gains Tax planning. In particular:-
  • Minimising the Inheritance Tax payable on your death
  • Ways of gifting your home to your children during your lifetime and avoiding Inheritance Tax on its value
  • Gifting of other property to your children during your lifetime and minimising the Capital Gains Tax payable
  • Agricultural Property Relief, Business Property Relief and ways in which you may obtain 100% relief against tax on the agricultural and business property you own
  • Ways of making regular payments to your children (or grandchildren) during your lifetime free of Inheritance Tax
  • The use of discretionary and other trusts to reduce the Inheritance Tax payable on your death whilst minimising your liability to Capital Gains Tax on the creation of such trusts
  • Ssetting up charitable trusts
  • We can assist with the administration of trusts at competitive rates