Professional Practices and their partners or members require a certain type of tax advice. The issues encountered are unique; where a large firm may have issues surrounding profit sharing or capital taxes in relation to equity shares, partnerships with only two or three partners can still have more than their fair share of tax difficulties such as property ownership or, in a family businesses, succession. Partners themselves have not only these issues to contend with but can often have reasonably or on occasion very complex tax affairs themselves associated with accumulated wealth and investments, often involving land and property, both in the UK and overseas.
The Professional Practices specialists within the Private Client Group are experienced in all these areas and, drawing on other specialists within the business where required, can help you with clear tax advice delivered in a pragmatic way.