What about a good illustration of this within the tax planning arena may be the idea that you should pass businesses down to your kids.

Let’s take a usual picture of grandfather, father, and son. Father is the business starter, and it has, let’s say, an active limited company manufacturing doorbells. Because he gets on in age, should he, as conventional wisdom suggests, consider passing the business to his heirs, perhaps over time?

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CGT Tax

You might think there’s very little to be done about CGT once the clients are eventually sold. The problem most frequently based in the real world is that the company shares were acquired for any nominal amount at the time the entity was established, say a few hundred pounds of initial share capital. The organization may now be worth several £ millions, not to mention CGT kicks in should you choose to cash out.

You will find stuff that can be achieved relating to this situation to avoid penal tax rates. Alan Pink Tax can advise, happily, with enough forward planning punitive tax rates can be avoided.

Another common issue pertains to VAT.

VAT - Business Splitting

It may be very complex - as well as taking an inordinate time to setup. HMRC hate it and will penalise you whether they can. But the method well known as “business splitting” is still a very popular method of legally escaping VAT. George Osborne, the present UK chancellor of the exchequer, has even, we’re sure inadvertently, made things easier in the March 2011 Budget by increasing the VAT registration threshold from £70,000 to £73,000. Just how are we able to utilize the approach to "business splitting" (or, in some instances, perhaps we should say, not work)?

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Finally, tax havens!

The Great Escape - Tax Havens just for fun and Profit

Offshore tax havens would be the shiny a part of tax planning, perhaps, or avoidance should you would rather use that dreaded term. Places such as the Cayman Islands, Bermuda, as well as the Channel Islands, when mentioned, call to our minds the pictures of rich tax exiles lounging around the beach sipping cocktails, being with well dressed waiters. You might not be amazed to listen to that much of this glamour isn't discovered to be the case in fact!

Anyway, whatever your tax issue, do let us help you with it.