assisting lawyers & other professionals

Humphrey & Co offers comprehensive support services to professional firms dealing with trusts and estates including many local and leading City law firms. We also offer a helping hand from time to time to firms who have a backlog of cases.

Estate Support Services:

• Assistance in preparation of inheritance tax accounts
• Calculating the inheritance tax liabilities
• Preparation of estate accounts either on an ongoing basis or on completion of the administration, conforming to the standards laid down in the STEP Accounting Guidelines
• Dealing with pre-death income tax and capital gains tax matters
• Dealing with income tax and capital gains tax matters arising in the administration period including completion of trust & estate tax returns
• Preparing tax deduction certificates for beneficiaries
• Conducting all correspondence with HM Revenue & Customs
• Independent review of files including a report on any outstanding matters

Trust Support Services:

• Preparing trust accounts either on an annual or other agreed basis
• Dealing with all tax related matters including completion of the annual trust & estate tax return, completion of periodic inheritance tax returns and calculation of liabilities
• Preparing tax deduction certificates for beneficiaries
• Conducting all correspondence with HM Revenue & Customs
• Independent examination and/or audit of trust files

Taxation Services

We can, if required, advise the beneficiaries of estates and trusts on the tax implications to themselves of the receipt of trust and estate income and assist them with the preparation of their own tax returns or repayment claims. We have expertise in dealing with the taxation of both UK and non-UK residents and domiciliaries.

We are happy to act for private individuals and business clients in respect of their taxation affairs, whether or not in connection with an trust or estate.

Our Charges

We charge on the basis of time spent by our partners and staff at rates that are highly competitive, with no value-related element. Prior to starting work we can if required supply a budget for our charges that will not be exceeded without referral back to you for further instructions.

For more information or to arrange a FREE no obligation consultation please contact us