Trusts have long been misunderstood and often incorrectly reported upon. Whlst the tax regime has become more complex over the years, trusts are still a very viable and useful structure for clients and their families, provided expert tax advise is taken.
At Emporium we have many years experience of both managing the compliance needed for trusts but also the potential planning opportunities for individuals and trustees.
The primary reason clients are using trusts is for the passing of assets to future generations, we can advise on all tax consequences for all interested parties and can help manage to creation of the trust with a suitable firm of solicitors.
Our years of experience has resulted in us dealing with professionals across many fields regarding trusts and their management and can help be the primary contact between trustees, beneficiaries and third parties.
The timely and accurate reporting for tax purposes is an important aspect of trust work and our regular compliance service will ensure this is completed, we also offer extensive planning and advisory work for UK and offshore trustees on how best to minimise the tax position.
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