Trust Tax Services

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Tax rules surrounding trusts are complex. Our specialists are highly experienced in these areas and can advise you on how to minimise your tax liabilities.  Trusts are versatile structures which can help protect your wealth, ensure financial security for future generations and provide peace of mind that your assets will be managed in accordance with your wishes. The sooner we help you make these arrangements, the more you and your family can benefit from available tax planning opportunities.

Odiri Tax Consultants and Accountants offer a well rounded tax advisory and tax compliance service both to trustees or beneficiaries of an existing trust and to individuals wishing to set up a trust from our office in Peterborough. 

Our services include:

• Advising clients on the suitability of a trust structure according to their unique requirements and family circumstances.
• The administration, accounting and taxation reporting for existing trusts including tax returns and Inheritance Tax  (IHT) returns.
• Liaising with third parties such as investment managers, banks, property managers and solicitors.
• Advice in relation to Capital Gains Tax for the disposal of trust assets and planning regarding the appointment of  trust assets to beneficiaries.
•  Preparing trustee resolutions.
• IHT consequences of setting up a trust, ten year anniversary reporting and exit charges in relation to the capital  distributions to a beneficiary.
• Advice and planning regarding how to wind up an existing trust that has come to the end of its usefulness in the  context of the wider family .
• Reconciling investment portfolios.
• Assisting with a settlor and/or a beneficiary’s tax affairs.

We relieve trustees of the administrative burden associated with their trust’s affairs. Our friendly, approachable team has extensive experience in trust administration, tax and accounting, ensuring that your affairs are handled efficiently and effectively. 

Family Investment Companies 

We can also provide advice regarding Family Investment Companies.  These are a popular alternative to Trusts as a means of multigenerational succession planning.  Individual circumstances will be paramount when determining the most suitable course of action and at Odiri Tax Consultants, we can provide you with this advice.