Achieving significant business tax savings

A firm of solicitors that owned several office buildings had a sizeable tax liability, which they were very anxious to reduce.

We advised them to transfer the properties to their pension fund, and as a consequence their tax liability was reduced by several hundred thousand pounds. This was also beneficial for individual pension planning and succession planning within their practice.

A FULL AND COMPREHENSIVE MEETING NEEDS TO BE CARRIED OUT AND FULL FACTS OBTAINED ABOUT AN INDIVIDUAL’S CIRCUMSTANCES IS UNDERTAKEN BEFORE ANY RECCOMENDATION IS MADE. THIS EXAMPLE IS NOT A RECCOMENDATION.

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