We help clients structure their personal and business wealth in the most tax efficient manner taking into account their circumstances and the needs of the family.
In advising clients on tax planning and tax minimisation strategies we always consider the broader circumstances of the client and their family to ensure that the proposed solution works not only from a tax perspective but as a whole.
Family tax planning strategies can involve:
- Paying wages to your spouse/civil partner and children through your business
- Making your spouse/civil partner a partner or shareholder if your business
- Income shifting
- Giving investments to your spouse/civil partner or children
- Other relatives and non-married couples
Family tax planning, especially when trying to share the profits of a business is very complex and we can advise you on the best strategy in your own circumstances. Contact Us to find out more.