Tax advice and reporting services for individuals

What EY can do for you

EY tax professionals in the Ultra-High-Net-Worth (UHNW) team draw on their diverse perspectives and skills to provide seamless service through all the challenges of tax planning and compliance, whilst maintaining effective relationships with the tax authorities.

All UK focused private client work is led by the UHNW team (supported by the US/UK Cross Border team). We work collaboratively and provide the most appropriate professional to support you.

Our combined offering to UK and US connected private clients allows us to offer new services, whilst maintaining and enhancing the bespoke service our clients have come to expect. For UHNW individuals with complicated UK tax requirements, our dedicated subject-matter professionals are there to guide you through the many complexities that may arise.

Thoughtfully structuring and managing your tax affairs is more important than ever. Working with an advisor who understands the complex range of tax matters impacting your business operations and your personal agenda is paramount.

Thoughtfully structuring and managing your tax affairs is more important than ever. Working with subject-matter professionals, such as those in our Trusts and Estates team, who understand the complex range of tax matters impacting your business operations and your personal agenda is paramount for ensuring a tax-efficient outcome.

EY consulting services include:

• Setting up excluded property trusts for non-UK domiciled individuals
• Identifying tax consequences of trust distributions for UK resident beneficiaries
• Providing inheritance tax and estate planning advice for individuals resident in the UK, or owning assets in the UK
• Issuing advice on holding UK property, including via a trust structure or company
• Supplying other UK tax advice for non-domiciled individuals in the UK or planning to move to the UK
• Providing tax advice for non-domiciled individuals, including remittance advice
• Issuing Statutory-Residence-Test-related (SRT-related) advice
• Providing pre-UK immigration tax advice
• Managing foreign — including US — trusts to limit UK tax consequences

Compliance services include all areas of UK compliance, such as:

• UK tax returns for individuals
• UK tax returns for trustees with a UK filing requirement
• Corporation tax returns for non-UK resident companies with a UK filing requirement
• Maintenance (e.g., adding to and updating) of the trust register
• Annual tax on enveloped dwellings returns
• Inheritance tax 10-year charge and exit charge returns
• Tax clearances for trustees investing funds in the UK, where business investment relief is required
• Tax disclosures for individuals or trustees who have unpaid tax for prior years

The EY organisation’s talented people, consistent global methodologies and unwavering obligation to quality service can help you build strong compliance and reporting foundations, and sustainable tax strategies, that help you and your family achieve your ambitions.