A specialist in tax planning and trusts.
Edna advises executors, beneficiaries, trustees and other individuals on all aspects of their tax affairs and on the practicalities of the day-to-day running of different types of trust. This includes providing advice on how a client’s affairs ought to be organised to maximise tax efficiency, reviewing existing trust arrangements to ensure they continue to be fit for purpose from a tax point of view, offering guidance to trustees on the mechanics of dealing with trust funds, compiling annual trust accounts and final estate accounts, as well as completing tax returns.
Edna has experience in dealing with family trusts and in reviewing existing trust arrangements to ensure tax efficiency.
Examples of Edna’s recent work includes:
- helping to restructure a discretionary trust with assets of more than £1 million, so that rather than the trust paying tax on income at 45 per cent, the beneficiaries paid tax at the basic rate of 20 per cent;
- successfully recovering a tax rebate for a beneficiary who had failed to appreciate their entitlement to seek a tax refund;
- managing the estate accounts for a number of connected estates, where money had been left to successive beneficiaries who had all died before the accounts relating to their respective inheritances could be finalised; and
- reviewing the trust accounts for an existing trust and advising the trustees and beneficiaries on their entitlement to claim allowances to reduce their overall tax liability.