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Fast-paced changes in tax policy and legislation mean businesses must have a global view of how tax affects their operations and keep their tax strategies under close review. Competent tax virtuosos could advise on applications for direction to complete enquiries. More than a few British tax barristers work alongside private client lawyers on matters of private wealth. There is perhaps a perception in some smaller professional practices that seeking assistance from a tax barrister is unsuitable for them, on the basis that instructing tax counsel is the domain of the Big 4 accounting firms or Magic Circle law firms with detailed and complex tax issues. A barrister who is an authority in SDLT will be able to advise on an investigation, to finding a settlement or representing you in court. Property tax, sometimes known as an ad valorem tax, is imposed on the value of real estate or other personal property. Many barristers specialise in this area of law.



Barristers, clerks and staff are committed to the highest levels of service to their clients. A tax specialist can represent both corporate and private clients on a variety of UK and international tax matters, specialising in tax disputes and investigations. The best tax barristers regularly deal with domestic and cross-border investigations. Property investors are those taxpayers who buy property with the intention of making a long-term return via the letting of that property. Unlike property development, property investment does not carry with it the same favourable tax reliefs. Taking on Domicile Advice can help sort out your financial woes.

Professional Recommendations

A tax barristers expertise in pensions law is complemented by experience in important related areas such as trusts, professional negligence, corporate insolvency and commercial disputes. Under the remittance basis of taxation, a person’s UK source income is still subject to UK income tax on an arising basis but his foreign source income is only subject to UK income tax if that income is remitted to the UK. A UK tax barrister will be able to give advice on your personal situation. Determination, stamina, self-motivation and self-discipline are needed by tax barristers. International asset protection is a matter which an long-serving tax barrister may advise upon. The services of a tax barrister can include legal services in cases of reclaiming stamp duty – whether it’s making a refund claim or pursuing an adviser for negligence. Advisory services such as Inheritance Tax Advice are a common sight today.

Seasoned tax barristers often act for tax advisers in defending claims and act as specialist consultants to other advisers. Failure to accurately report one's income is an offense punishable by penalties and possibly prosecution. Passing assets on to the next generation is a matter that a barrister specialising in capital gains tax can offer opinion on. Strategies for minimising 10 year and exit charges for Settlements including restrictions of trustee borrowing is an area which you would need a tax barrister specialising in Private Client, IHT and Estate Planning. Tax policy has to change in response to changing circumstances. It is important that business has early warning of policy changes, except in cases where the tax base is at risk. Any Tax Barrister service will not reveal what he or she has been told to anyone else.

An Active Practice

How we tax, who we tax and why we tax determines what kind of society we become, giving financial expression to our cultural values and priorities. Far from being dry and dusty, taxation is a topic that could not be more political. A knowledgeable barrister is able to employ knowledge of criminal fraud when dealing with tax matters, providing clients with broader coverage of the risk landscape. An experienced barrister can quickly identify a regulator’s concern and then plan to best address this and can also oversee an internal investigation, acting as the ‘gatekeeper’ in the event that external organisations need to become involved. UK tax barristers can address the ownership and disposal of assets, including advising on structuring corporate portfolios in the most tax-efficient way. If you are using a lawyer like a solicitor or a legal executive and they recommend your case will need to involve a barrister, it is likely that they will recommend one to use. Specialist assistance for Pensions Advice should be sought whenever required.

It is vital to realize that flat taxes are not really about just having one rate of income tax or about tax simplification. They're about limiting the power of democracy and letting markets run riot without any ability to constrain the consequences. Tax investigations into individuals are an area of HMRC tax investigations that tax barristers can assist with. UK tax law is always changing and is more complex than ever, especially if you have a large income, complicated international investments, or non-domicile status. It’s easy to get things wrong and you could face substantial fines, reputational damage, or even criminal charges if you do. Discover more particulars about UK Tax Barristers on this web page.

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