Project

Acting for a business that had previously been with a larger firm and felt as though they weren’t getting any pro-active support. We helped them organise their business structure, forming a holding company with approval from HMRC. This helped them protect their assets and enabled them to progress with family tax planning. We have also worked with the client, discussing long term plans including exit strategy and the introduction of their children to the business, who will eventually be taking over the operation.

The Outcome?

Protection of the commercial assets within the holding company. Successful, tax efficient remuneration for the business owners, who are now looking at re-investment into pensions to allow them to efficiently invest in commercial property. Introduction of their children into the business, long-term succession and IHT planning.

Project

A new client came on board just as their previous business partner was leaving the company. When we were appointed, we met with him and a possible new business partner, to discuss the many ways of bringing him on board such as EMI options, and possible funding methods for the share purchase. The incoming Director was in a unique position whereby they had access to funds for the share purchase, but this would have come from a tax free income source meaning that future income from this source would have been minimal.

The Outcome?

A clear ‘plan of action’ for the client on how to introduce the new shareholder. We assisted in finding alternative funding for that shareholder, at a low rate of interest, that protected this future tax free income and investment gains for the individual. This was handled alongside our sister company Thompson Wright Financial Planning, and demonstrates how having advisors working in collaboration can benefit all involved.