Private Client Tax Services Dorset

We manage personal tax returns under the self-assessment system, ensuring they are submitted by the 31 January deadline following the end of the UK tax year. Tax payments are due on 31 January and 31 July, with other taxes deducted at source from salaries and pensions. We check tax codes for accuracy, make all relevant claims and deductions, and provide clear guidance on what to pay and when. Our expertise covers areas such as share options, EIS relief claims, overseas income, UK residence status, returns for non-residents, non-domicile advice, and offshore trust receipts.

We advise on all aspects of CGT, including calculating liabilities when selling assets like rental properties or shares. We help with loss relief claims, strategies for sharing ownership between spouses, and complex rules for leasehold sales or “slice of the action” developer deals. Our team ensures correct legal documentation is in place and helps identify reliefs or exemptions you may be entitled to.

Sharing ownership of assets between married couples or civil partners can be a simple and effective strategy to reduce tax, especially when assets are sold. The basic position is that spouses own joint assets in equal shares. This can be varied, but you must have legal documentation to support this. If partners are not married then tax rules are different – not just for CGT but also for Inheritance Tax.

Assets given to you by a spouse before 6 April 2008 could have an extra deduction in working out the gain: it is worth checking.

Selling your home is often tax free, but not always. If the property has a lot of land attached there could be a tax charge. If you spent time away or rented it out for a period this can mean CGT is payable. Selling a leasehold property is even more complicated. If selling your house or garden to a building developer and the deal gives you a future share of their development profit, this “slice of the action” deal will be charged to income tax rather than CGT.

We advise on the tax implications of rental properties, keeping you informed about relevant changes in legislation. We explore ownership structures to reduce the tax burden, and where suitable, consider whether incorporating into a property company is beneficial. We also work closely with WG Financial Services when refinancing is needed.

We handle tax compliance for various types of trusts, prepare self-assessment returns for trustees, and advise on tax-efficient distributions to beneficiaries. We can prepare annual trust accounts, assist with inheritance tax charges, and advise on taking assets in or out of trusts. We also provide tax advice for deceased estates, particularly where administration takes several years.

It’s wise to seek advice whenever you have a significant change in income, sell an asset, receive an inheritance, or have complex financial arrangements such as trusts or overseas income.

Yes – we advise on UK tax obligations for non-residents and non-domiciled individuals, helping you stay compliant while optimising your tax position.

We identify legitimate reliefs, allowances, and tax planning strategies, including pension contributions, charitable giving, and asset ownership structuring.

Yes – we can handle all communications with HMRC, including responding to queries, submitting returns, and managing disputes or enquiries.