Why Gerald Edelman?

Our Private Client accountants specialise in supporting entrepreneurs, private investors, high net worth individuals and business-owning families to get maximum value from their estate. We’ll work closely with you to determine your best options and put together a clear plan that will protect your wealth for generations to come.

The personal tax landscape is subject to continual change, which is why it’s so important to call on the advice of an experienced accountant on a regular basis. It’s often the case that the more you earn, the more complexity there is to unravel – and effective tax planning is essential to avoid unnecessary costs and secure the best possible future for your family.

Get in touch via the ‘Contact’ button above to discuss your situation with one of our personal tax advisors, or discover more about the services we provide below.

How can our personal tax accountants help?

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Tax reliefs

We will analyse your personal situation to determine which reliefs you may be able to benefit from in order to reduce your overall tax liability. 

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Investment and estate planning

We can help you structure the ownership of your assets and manage your wealth in the most tax-efficient way possible. We also manage the administration, compliance and accounting for both UK and offshore trusts.

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Inheritance planning

Our inheritance tax advisors are second to none. We will help you avoid any costly tax liabilities as your wealth is passed through the generations.

What happens next?

Whether you need support managing the complexity of your tax obligations or you just have a few questions about your current situation, it always pays to seek the advice of an experienced personal tax advisor.

At Gerald Edelman, we build long-lasting relationships with our clients that are based on trust and complete transparency over cost. We also understand that confidentiality is crucial in this area of tax; not just for you personally, but also your family, trusts and business affairs.

We’d be happy to arrange a free initial consultation with you over the phone, video call or at our Cornhill office in the City of London – simply fill in the enquiry form above or contact us on +44 (0)20 7299 1400 to speak to one of our personal tax accountants today.
 

Meet the team

"My focus is mitigating my clients' tax liabilities by structuring both their business transactions and their personal planning."

"My work mainly focuses on providing tax advice to clients, from high net worth individuals and personal tax clients to non-resident landlords."

"Tax is ever-changing. My clients can expect focused and in-depth advice on income, capital gains, corporation, or inheritance tax matters."

Frequently Asked Questions

A person’s domicile is generally the place they consider their permanent home, the place with which they have the strongest social and family ties. Unlike residence, there is no one legal test to determine domicile, but various factors are considered. Determining legal domicile can be complex, and it is open to challenge by HMRC, so advice should be taken.

Non-doms, who have not been in the UK long enough to acquire a deemed UK domicile – see below - can elect to be taxed on the remittance basis. This means that their foreign income and gains will only be taxable in the UK as and when they are remitted to the UK.

Any UK income, such as UK employment income and interest from UK bank accounts, and UK capital gains, such as gains realised on UK company shares or UK property, will be fully taxable as they arise.

If non-doms do not elect to be taxed on the remittance basis they will be taxable on their worldwide income and gains in the same way as a UK domiciled UK resident. There is an exception for those with foreign income less than £2,000 a year, to whom the remittance basis applies automatically.

It is possible to run a rental business through a company. The matters that should be considered include income tax and corporation tax rates, SDLT liabilities, and the impact of a future sale of the property in the company.

The tax analysis will depend on the number of properties comprising the business, whether there is an existing rental business or a new one is being started, and whether or not you or a family member might need to occupy one of the properties.  We would be happy to discuss the pros and cons of each option. 
 

To speak to our team, call us or send us a message using the following form and we will be in touch.

T: +44 (0)20 7299 1400

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