Our practice of specialist real estate, private client and corporate lawyers dates back to 1780. We are accustomed to dealing with complex family structures, settlements and landed estates as well as international clients from both a legal and tax perspective. We understand that particularly during the pandemic there have been challenges to our clients who own landed estates, such as: the relaxation of public access requirements by HMRC for conditionally exempt buildings, employee assistance schemes, redundancy situations, difficulties around landlords’ safety checks and landlords faced with requests from tenants for rent concessions.
We administer over 200 trusts in-house at Wedlake Bell dealing with all annual compliance, such as: tax returns, trust accounts, the new reporting regimes of FATCA and CRS, tax repayments for beneficiaries (R185s), January/July tax payments on account and inheritance tax ten year anniversary and exit charges.
Our work has included restructuring the trusts, trust administration (including appointment and retirement of trustees and advising on the trustees’ powers), sale and purchase of farmland and other associated assets, employment contracts for staff, advice on the funding of the pension scheme, advising on Lordship titles and manorial rights, lease renewals, first registration of land, charity law advice and tax planning including Inheritance Tax and Capital Gains Tax mitigation and Wills.