Inheritance Tax Planning

We offer expert advice on Inheritance Tax planning, both during your lifetime and through your Will. Our services include:

• Developing suitable gifting plans, trusts, and other mechanisms.
• Creating trusts and preparing Wills for efficient family asset management.
• Advising and setting up family investment companies for collective wealth management.
• Assisting business owners in obtaining tax breaks and planning for efficient generational transfer or eventual sale.
• Preserving and enhancing landed estates in a changing world.

UK Tax Exposure

Our legal team provides advice on exposure to various UK taxes, including:

• Capital Gains Tax and reliefs for your main residence.
• Entrepreneurs’ Relief for business or company share sales.
• Tax reliefs for certain investments.
• Income Tax and pension contribution relief.
• International pension scheme issues.
• Employee benefit trusts and disguised remuneration.
• SDLT on second homes or buy-to-let properties.

Family Office Administration

New Quadrant was established to provide a broader service than traditional law firms. We act as trusted advisors, offering guidance on legal and wealth management needs and sourcing the best team for success. We assist families from varied backgrounds, such as large landed estates, business entrepreneurs, and sophisticated investors, in maintaining and managing wealth across generations.

Pre-Nuptial Agreements

We offer tax and trust advice for matrimonial disputes and pre-nuptial agreements, which are increasingly common. Pre-nuptial agreements provide a framework for asset division in the event of a relationship breakdown, particularly useful for second marriages or protecting inherited family wealth. Following a landmark Supreme Court case in 2010, such agreements are now more likely to be upheld if fair and freely entered into.

Cross-Border Strategy

Navigating the complexities of international tax rules, compliance, and transparency requirements is challenging. We advise on a range of matters for resident non-domiciliaries, UK persons with family or assets abroad, and non-residents with UK interests. Our services include:

• Advising on domicile and residence matters.
• Helping non-doms understand the UK tax regime.
• Providing guidance on offshore trusts and UK trust tax matters.
• Assisting with foreign succession and tax laws for overseas assets.
• Advising on tax-efficient UK investments for international clients.

Business Owners and Business Structuring

We help business owners meet their commercial and family objectives efficiently. Our services include:

• Advising on business entity taxation, shareholder and employee tax rules.
• Helping UK resident directors, managers, or owners navigate tax implications.
• Assisting with profit extraction and smooth business transition to the next generation.
• Advising on the use of trusts as business holding vehicles.

Investment in the UK

The UK offers attractive investment opportunities. We help clients understand tax implications and establish suitable holding structures for investments. Our services cover:

• Direct and indirect investment tax treatment.
• Holding structures for investments, including trusts and companies.
• Extracting profits from UK residential or commercial real estate investments.
• Understanding the impact of changes to non-domicile rules.
• Utilising tax incentives for UK property and trading business investments.

International Pensions

We advise globally mobile executives on managing pension funds across jurisdictions. Our services include:

• Advising on UK taxation of pension benefits and the remittance basis.
• Timing of benefits and double taxation treaty implications.
• Exporting UK pension schemes.

US/UK Planning

For those with connections in both the US and UK, understanding tax positions and reporting obligations is crucial. We collaborate with US lawyers and accountants to provide advice on:

• Tax liabilities for “accidental Americans”.
• Estate and tax planning for mixed couples.
• Double taxation and reliefs.
• Trusts with American beneficiaries.
• Charitable donation tax reliefs in both jurisdictions.

Cross-Border Succession

International families often face multiple inheritance regimes and tax charges. We work with firms in other countries to advise on:

• Resolving conflicts between inheritance regimes.
• Using trusts to manage succession.
• EU Succession Regulation implications.
• Double taxation and reliefs.
• Worldwide and multiple jurisdiction Wills.

Offshore Trusts

Offshore trusts are flexible vehicles for international families. Our services include:

• Establishing and managing trusts and family trust corporations.
• Advising on tax positions and planning opportunities.
• Drafting trust documents.
• Structuring business holdings within trusts.

The Remittance Basis

UK resident non-domiciliaries can benefit from the remittance basis, which exempts non-UK income and gains from UK tax unless brought to the UK. Our services include:

• Advising on taking advantage of the remittance basis.
• Generating “clean capital” for tax-free UK spending.
• Claiming the remittance basis and associated costs.
• Loss relief on offshore losses.

Residence and Domicile

Your residence and domicile status determine your UK tax liability and inheritance succession. We advise on:

• Current status and its tax implications.
• Changing status to become non-resident or non-domiciled.
• Pre-arrival planning for new UK residents.
• Navigating the new non-domicile rules.

Attorney/Deputyship Services

We provide advice on mental capacity, property and financial affairs, health and welfare, and the Court of Protection. Our services include:

• Preparing and registering Lasting Powers of Attorney.
• Administering personal injury trusts.
• Acting as trustees for personal injury settlements.
• Court of Protection applications for deputyship and statutory Wills.
• Deputyship administration through New Quadrant Trust Corporation Limited.

Powers of Attorney

We regularly advise on and prepare Lasting Powers of Attorney (LPAs) for property and financial affairs, and health and welfare. Our services include:

• Preparing and registering LPAs.
• Guiding attorneys on their powers and restrictions.
• Advising on health and welfare decisions, including end-of-life care.
• Addressing cross-border assets and family issues.

Landed Estates

We help owners of landed estates navigate pressures from farming practices, environmental issues, urban development, and taxation. Our services include:

• Advising on estate diversification.
• Securing business and agricultural property relief from Inheritance Tax.
• Managing heritage assets.
• Structuring family investment companies.
• Ensuring generational asset continuity.

Trusts

Trusts play a vital role in succession planning. We help with:

• Will trusts for child inheritance.
• Providing for a second spouse while preserving assets for children.
• Managing funds for disabled beneficiaries.
• Holding life assurance policies and pension benefits.
• Succession planning for businesses and farms.

Business Owners

We ensure business owners are rewarded tax-efficiently and can pass on their businesses smoothly. Our services include:

• Advising on business formats and structuring.
• Securing Capital Gains Tax Entrepreneurs’ Relief.
• Maximising Inheritance Tax Business and Agricultural Property Relief.
• Planning for business succession.

Wills

A Will is essential for ensuring your estate passes to your chosen beneficiaries. Our services include:

• Advising on beneficiary options and Will trusts.
• Ensuring tax-efficient Wills.
• Drafting worldwide and multiple jurisdiction Wills.
• Coordinating UK and foreign probates.

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At New Quadrant, we are dedicated to providing comprehensive legal and tax services tailored to your unique circumstances, ensuring the efficient management and transfer of your wealth across generations.