taxation

At Bishops we provide all the usual tax services you might expect from a Law Firm - personal tax, capital gains tax, inheritance tax, trust tax, in addition to, and in support of, other Private Client services. But there are a few areas in which our service to you is particular to us.

• we are happy to prepare your Personal or Trust returns, calculate your tax, advise you of due dates for payment, and submit the forms to the Inland Revenue on a one-off, regular or other basis suitable for you:
  
• we have a Last Minute Personal Tax Return Service so if you find yourself out of time in the middle of January, just bring in your records and we.ll see what we can do to avoid those penalties:
  
• our Agreed Capped Fees Scheme can establish in advance the maximum you will pay, but not the minimum, so if your tax records are good and it takes us less time to undertake the work, it costs you less in fees! All we ask you to do is keep records of your transactions in the tax year, and we.ll do the rest:
  
• Tax Planning - Tax Planning is usually offered where a particular transaction triggers a tax charge. Very often it is not considered at all! Tax Planning should never restricted to one duty; income tax planning may increase personal wealth, triggering potential capital gains on later sale, or inheritance tax on death. Or vice versa. Unexpected tax charges can cause havoc so when you are dealing with other financial aspects of your life, don.t overlook the tax implications...