A progressive, South West based accountancy practice

The kind of stuff we do

Family succession
Steve helped a family to pass on the freehold of their business property. This involved guiding the father through the CGT minefield, and the son through the options for funding and purchasing the property. Substantial savings of over £500,000 were identified along the way, and even the grandchildren can benefit from the structure recommended by Steve.

The simpler life
An elderly client of ours came to see Steve, worried that her life was about to be turned upside down. She owns a commercial property that is now worth £6m. She worries about the impact on her family. Steve was able to talk her through the stages of selling the property, paying the tax, and some of the options for the rest of the proceeds. Her family will be able to set up the businesses they want, the client will be happy she is using the funds wisely – reassured that her wealth is protected for future generations.

Another family matter
A couple came to see Steve as they were worried about their daughter. She lives in a rented flat in London, but they have concerns about the landlord. They want to help their daughter buy her own flat, but this is a challenge in London! Steve and our IFA met with them, and put together a plan that meets not only their financial needs, but also builds in flexibility while properties are sourced, purchased and others sold to fund it.

Financial security
Steve demonstrated a way in which a client could pay off his mortgage in three months. He chose not to, as he would incur a significant penalty. However, he will pay off as much as he can without penalty, and has plans to use the rest to build his business. Introducing him to our IFA at the same time means he now has his important priorities established, and a team behind him to implement the plan!

Helping those who can’t pay us!
Steve enjoyed a day out at our local Uni, helping students to prepare a business plan, and judging the presentations of those plans. If you think “The Apprentice”, you’ll understand the concept.

COMMENT