Private client tax

We know that no two individuals or families are the same, and crafting personalised tax solutions can involve navigating complex issues.

Our private clients often have complex asset holdings or are party to significant financial transactions that require specialist tax advice. With escalating tax rates and the increasingly intricate landscape of tax reporting requirements, proficient and timely tax planning and advice are essential to ensure our private clients achieve their personal goals and ambitions.

Our private client team offers a full range of inheritance and succession planning services tailored to the needs of individual clients and their families.

We work with ambitious individuals, entrepreneurs, business owners, senior executives and high net-worth individuals to provide advice and guidance that fits with their busy lifestyles and facilitates the creation, preservation and seamless transition of long-term value across generations.

Increased mobility among executives and high-net-worth individuals can create an increasingly complex set of international tax issues. Working with our global partnership as one integrated team, we provide multi-jurisdictional tax advice, and a seamless solution wherever and whenever needed.

Our approach to working with private clients

We strive to build strong, enduring relationships built on understanding and the belief that each client is unique.

At Forvis Mazars, we aim to solve two challenges:

• First, we help with tax planning: creating a long-term, personalised plan that can span generations. This can cover both expected and unexpected events in life and business.
• Second, we help with implementing the plan: assisting with filing in multiple jurisdictions and ensuring full compliance to minimise the risk of audit.

Business owners contemplating restructuring may encounter capital gains tax (CGT) and other tax liabilities. Likewise, individuals in receipt of gifts or inheritances may face significant capital acquisitions tax (CAT) liabilities. Forvis Mazars can assist in structuring such transactions in the most tax-efficient manner by leveraging tax reliefs to minimise CGT and CAT exposure for both individuals and businesses where applicable. We also understand that individuals with significant potential income tax exposure often require effective guidance on how to legally reduce those liabilities, and we have extensive knowledge of making full use of the available reliefs.

Our private client tax services include:

• Personal tax compliance and global tax advice.
• Tax-efficient structuring, including advice on residence and domicile in multiple jurisdictions (through our international network).
• Gift and inheritance-focused estate planning and wealth succession structures, including trusts and family partnerships.
• Tax compliance, such as filing returns and timely advice on tax payments.
• Advice on key tax reliefs available under domestic and tax treaty rules.
• Tax advice for individuals and families experiencing personal or financial life changes and milestones such as relocation, retirement, marriage and divorce.
• Specialist tax advice for those involved in the creative industries e.g. musicians, film production, authors, artists.

Contact us

Get in touch today to discover how our private client tax services can help ensure your business and personal circumstances are managed in a more tax-efficient manner and how we can help you plan for your future in a way that is bespoke to you and your plans.