When someone dies, the tax implications can be complex and far-reaching. There is a common, yet mistaken, perception that inheritance tax is the only tax to consider. The reality is that there are several, including income tax accrued up to and after death and capital gains tax for assets owned at the point of death, as well as land and buildings transaction tax and VAT.

The impact of these taxes is two-fold for those who benefit from an estate; they affect the deceased's estate as well as the position of beneficiaries and their families.

Our highly experienced lawyers and tax experts make what can be a daunting process a much simpler and less stressful experience. We advise on the tax aspects that are compulsory, ensuring that you comply with all that is required by the law.

We also draw up pragmatic plans that reduce tax burdens for you and your family.

Applying our expertise in, and detailed knowledge of, all things tax-related, we consider and make use of various types of trusts, reliefs and exemptions to create tailored solutions that suit each client and their circumstances.

Tax Implications key highlights icon

Tax Implications key highlights

  • We have representatives on Law Society of Scotland, Society of Trust and Estate Practitioners and ICAS Committees.
  • Our experts have contributed to the creation and development of Scotland's devolved taxes, especially Land and Buildings Transaction Tax.
  • We regularly save £1,000s in tax for beneficiaries of deceased's estates.
  • Our use of deeds of variation and trusts helps manage family wealth for generations to come.