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Solicitors in Reading offers legal advice on corporate and commercial, conveyancing and property, wills and probate, trust and tax planning and property law. Image: solicitors with our strapline - "Our firm and our objectives"

trust & tax planning

Even before the Finance Act 2006 the use of trusts for managing family or other assets over several generations and for tax planning arrangements was a specialised and complex exercise. Now, more than ever before, great care needs to be exercised in ensuring that an arrangement will fulfil a client's requirements without creating an unexpected and immediate tax charge out of thin air.

Special attention needs to be devoted to the interaction of Inheritance (IHT) and Capital Gains (CGT) Taxes. Despite its title, IHT is not a charge which only arises following a death. To further complicate matters the introduction of the Pre-Owned Assets Tax and the removal of the use of certain CGT reliefs by the Finance Act 2003 has made any lifetime planning a legal and financial minefield.

Nevertheless trusts do still play a very important part in making sensible and valuable provision for families, old and young clients alike, and continues to provide a useful tool in legitimately saving tax in many circumstances. We at Thompson Leatherdale believe that having this expertise is crucial for a family and business driven practice. For that reason we have concentrated on developing and updating our private client practice.

Contact John Thompson

Solicitors from a law firm in Reading offer legal advice for a reasonable cost. Image: Thompson Leatherdale logo

conveyancing & property

Extensive expertise in conveyancing & many niche property areas... Read more information on conveyancing and property

wills & probate

Expert legal advice on all aspects of wills and probate law... Read more information on wills and probate

trust & tax planning

Set up trust funds & deeds correctly to avoid unnecessarily high tax... Read more information on trust and tax planning
© Thompson Leatherdale 1973 - 2024

A list of our partners is available for inspection at our offices at 61 London street, Reading, Berkshire. RG1 4PS.
Authorised and Regulated by the Solicitors Regulation Authority: SRA No.592187
Conveyancing Quality Scheme We are a CQS accredited firm.
Our V.A.T. Registration number is 139 1562 09.
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