Angela Haig

Partner

“Many people have more income than they require, but equally have an inheritance tax (IHT) issue which grows year to year as their estate grows.

By making gifts out of surplus income, inheritance tax breaks can be significantly enhanced and stem the growth of IHT exposure.”

Cheryl Whitton

Supervisor

“Whilst family trusts can be highly complex and often expensive to administer, when used in the right circumstances they can provide valuable succession support, particularity in relation to asset protection.

If you are considering succession planning, discuss with your tax adviser whether trusts might be a valuable option.”

John Langlands

Partner

“If you are building your own property, have you ensured that you have recovered as much of the VAT suffered on your construction costs as possible?

Discuss the position with your accountant to determine your full eligibility to recover VAT, and watch out for the time limits.”