The Enterprise Investment Scheme: What tax reliefs are available?
In his latest article, experienced Corporate & Commercial Solicitor Paul Longland answers your questions on EIS tax relief.
Nick Turner
Wills & Tax Solicitor
Nick is a solicitor who is also qualified, but does not practise as, a financial adviser. Nick is a member and former Chairman of the Central Southern Branch, of the Society of Trust & Estate Practitioners, an Accredited Lifetime Lawyer, and a member of the Personal Finance Society.
Work
Nick qualified in 1984 and has worked on private client matters ever since. He was a Partner and Head of Department in a large Southampton firm with oversight of many trusts before reaching their retirement age. Full retirement was not for him so he joined Frettens to continue his involvement in matters private client and now works with the Ringwood Wills & Tax Team.
Nick specialises in Tax and Trusts and general private client matters, so advises on tax planning, creates trusts, drafts wills and advises all areas of private client work. He thoroughly enjoys helping people to save tax and assisting others through planning, trusts, and wills.
Experience
- Estate planning utilising business property relief and trusts to enable wealth to cascade to the next generation or generations with minimum Inheritance Tax consequences.
- Reviewing and updating wills, advising in relation to existing and new trusts.
- Liaising with clients’ financial advisers to ensure the correct outcomes in both investment and tax terms.
- Advising on and creating the trusts behind Family Investment Companies, ensuring minimum tax consequences for the family in the future.
- Drafting wills and lasting powers of attorneys for high net worth couples and others.
- Acting as executor and trustee in multi million pound estates, including dealing with those with charity issues and acting as independent administrator in disputed estates.
- Drafting Deeds of Variation, frequently importing trusts into estates.
Play
Nick is a keen rugby and cricket spectator and fits this in around walking the family’s two chocolate Labradors – it was one until the family re-homed another. Nick used to enjoy a little gardening, but with two Labrador helpers, gardening is curtailed now!
