Sensible tax planning
You can transfer a property (your estate) into a trust, from which you can enjoy income or capital. This essentially allows an individual to benefit from assets, whilst the trustees have legal ownership and day to day control over them.
This is a complex area, but here at Balme Kitchen & Pearce, we have an exceptional team of specialist accountants who can advise you and make sure you are making good use of trusts and estates as part of your overall tax planning strategy. Based in Truro, we work with clients across Cornwall, just get in touch.
We can help with:
Life interest trusts - here a nominated beneficiary has an interest in the income from the assets or has the use of trust assets. This may be for life or a shooter period, with the capital passing onto another beneficiary.
Discretionary trusts - with these, the trustees can make certain decisions about how to use the trust income, and sometimes the trust capital. They are often used to set assets aside for a future need or beneficiaries who are not capable or responsible enough to deal with money themselves.
Trust Registration Service
The Trust Registration Service requires certain trusts to be registered centrally, and places the need for the trust to update the register every year when there has been a taxable event. We can help you ensure your trust remains compliant with this.
More accounting services
Trusts and estates are a complex area, but with the help of Balme Kitchen & Pearce Ltd in Truro, we’ll make sure you have the best advice. Call us today
on 01872 321555
or 01872 273871.
Speak to a specialist
Send us a message or ask us a question
Get in touch
25 Lemon St
Truro
TR1 2LS
01872 273871
01872 321555