Tax Planning

Trusts have been used by the rich and wealthy down the centuries. Our specialist providers have simply rolled the benefits out ‘to the many and not the few’.

Did you know that Chancellor of the Exchequer George Osborne is a beneficiary of such a Trust?

The Commercial Benefit Trust

Instead of paying large amounts of tax and National Insurance Contributions on your earnings, this Trust can help you come out with up to 90% of your gross income, all compatible with UK laws.

As your contributions to Trust are recorded in your accounts and tax returns by our accountants as deductible expenses, and are accepted as such by HMRC, this means that you steer clear of unlawful tax avoidance laws and means that the IR35 rules on the use of Personal Service Companies are not breached. IR35 only applies to profits, and what would otherwise be profits are contributed to Trust, meaning IR35 is irrelevant.

Trust Benefits:
  • Lawful use of a tax free environment to allow you to achieve a higher net income;
  • In the event of divorce, your assets protected by Trust cannot be subject to sharing orders;
  • What is placed into Trust is protected form Income Tax, Corporation Tax, Inheritance Tax and Capital Gains Tax;
  • Immunity from judgements and creditors
Ideal for:
  • Limited Companies
  • Company Directors
  • Self-Employed
  • Contractors
  • Medical Professionals

The Asset Trust

Anything above the Inheritance Tax threshold of £325,000 is taxed on death at 40%. So by the time solicitors etc have dealt with your affairs your family would get around half of what you left behind.

By use of a trust, you can place all property assets, houses, cash, savings, cars, shares, jewellery into Trust. Then, when you pass on, your family receive the benefit of what you have placed into trust, tax free, permanently. No Inheritance Tax, no Capital Gains Tax.

Trust Services tax planning is underpinned by the book co authored by leading Tax Counsel Andrew Thorhill QC and Baxendale Walker ‘The Law and Taxation of Remuneration Trusts’.

Contact Weardale Trust

07540 049947