Scotland’s Register of Persons Holding a Controlled Interest in Land
On 1 April 2022, the Register of Persons Holding a Controlled Interest in Land (“RCI”) came into being in Scotland. This will have implications for landowners and tenants.
Planning for the next generation of your business is something that needs careful consideration well in advance. Because we have been established since 1918, our team are well placed to help ensure the smooth transition of your business and assets.
At GWA we have a wealth of experience in succession planning for all types of businesses from agricultural through to professional services firms and hospitality.
We know that sooner or later, every business owner leaves their business, and it is never too early to start thinking about the future leaders of your business. We understand that building and managing a business takes a lot of work and there is often little time to take time to focus on the long-term future.
For some, succession planning can present a challenge. We work with clients to anticipate any family concerns and foresee Issues associated with succession as well as evaluating tax considerations for all parties involved.
If you are thinking about succession planning, please get in touch and book a free initial meeting with one of our partners.
Our succession planning services include the following:
Tax rates & allowances - Capital gains tax
Standard and higher rates of capital gains tax (CGT) together with the annual exemption. The special rate of CGT and the limit applying for entrepreneurs’ relief purposes.
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Capital taxes - Capital gains tax
A capital gain arises when certain capital assets are sold at a profit. We consider the taxation of gains and outline the reliefs available.
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General business issues - Selling your business
An introduction to the issues involved in a business sale.
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Webinars - Inheritance Tax Planning (IHT)
This webinar looks at how financial advice should play a key part in your investment decisions when you consider Inheritance Tax (IHT) and succession planning. IHT is definitely no longer a concern just for the 'rich', with an increasing number of estates falling into the range impacted.
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Capital taxes - Inheritance tax - a summary
Ways to minimise your estate's liability to inheritance tax.
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General business issues - Directors’ responsibilities
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On 1 April 2022, the Register of Persons Holding a Controlled Interest in Land (“RCI”) came into being in Scotland. This will have implications for landowners and tenants.
Partner Colin Frame shares some thoughts on Farm Succession Planning. In simple terms when we talk about farm succession we…
In this second of two articles on Inheritance Tax (IHT) we explain our approach to reviewing your IHT position and the planning measures that can help you to reduce your IHT liability and pass your estate on to your loved one.
Inheritance Tax (IHT), once only the bane of the wealthiest, is now a charge that affects a wide cross-section of society. In this article we try to shed light on some of the complex rules surrounding IHT.
Why Greaves West & Ayre?
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It’s our passion
Everyone at GWA is passionate about providing Quality Advice and Quality Service. In return our clients recommend our services to family, friends and business contacts. Our team can feel proud, knowing that everyone plays a part our our client's success.
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We build partnerships
We take the time to get to know you. You’ll receive personal service from the partner matched to your individual needs, who will be your main point of contact throughout your relationship with GWA. It’s the way we have always built client relationships, often going back generations, based on trust, independence and expertise.
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We’re always developing
We invest in ongoing training for all our team and keep up to date with technological changes to ensure we meet client needs as the world we operate in changes.