An update from the Private Client Tax team

It’s been a busy and interesting time for our Private Client Team – with the IHT announcements made in the Autumn Budget, clients have really focused on their bigger picture planning in terms of looking at strategies to reduce IHT and also protect their wealth.  

With tax changes to non UK domiciliaries from 6 April 2025, Ashley and the team have been delivering high value advice and implementation pre tax year end.  

Some recent wins to highlight:  

• £9k advisory fee in allocating offshore monies into the Temporary Repatriation Facility (TRF) from April 2025 onwards, enabling monies to be bought into the UK at a 12% tax rate (otherwise taxable at 45%). 
• £10k advisory fee on reducing a client’s IHT liability by £3m, with follow up implementation work to follow now the tax implications have been confirmed. 
• Advising an ex-England footballer on onshoring an £8m offshore investment bond held in trust at an effective rate of tax at just 12%.  

We also continue to cross refer valuation work to the Corporate Finance Team for many of our projects. Most restructuring work involves ascertaining market value, so a key point is ensuring the valuation risk is understood and the tax issues are considered.  

Promotions  

Finally, we’re delighted to share that two members of the team have been promoted:  

Ashley Stoller, who joined our Stratford office in 2024 as a Tax Manager, has been promoted to Private Client Senior Tax Manager.  

Holly Heslop has been promoted to Private Client Tax Manager. Holly joined our Colchester office in 2021 as a Tax Trainee, before progressing onto Tax Senior in 2023 and Tax Assistant Manager in 2024.  

A huge congratulations to both valued members of the team!  

“I am delighted for Holly and Ashley in their achievements within the Private Client Team and their well-deserved promotion. Both have shown and demonstrated tremendous commitment to our clients, contacts and the firm.  

In her new role, Holly will continue to advise our high net worth private clients, trusts and estates as well as continue to manage and develop our growing team.  

As Ashley steps into his role, he will continue his focus on our revenue generation to continue to grow our specialist services across the firm and to our external contacts” – Clare Eve 

We’d also like to take this opportunity to remind you about the core areas we can support clients:  

• Inheritance Tax and Estate Planning  
• HMRC Disclosures and Enquiries  
• Personalised Tax Advice  
• Compliance Services  
• Trusts and Estates  
• Offshore Trusts  
• Coming to and leaving the UK  
• Domicile  
• Asset Protection   

Our Private Client service includes strategic tax advice personalised to our client’s circumstances, ensuring their key goals are maintained when protecting and enhancing their wealth.   

Please reach out to Clare Eve if you have any Private Client Tax related enquiries.   

Warm regards from the Private Client Tax team.