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thepartners@wrigleys.co.uk

Leeds: 0113 244 6100

Sheffield: 0114 267 5588

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Wrigleys' succession planning specialists for family businesses

Whether it involves handing on the stewardship of a landed estate, arranging for younger generations to take on a family company, or simply passing on the benefit of private wealth, succession is at the front of many of our clients' minds and will often be the main motivation for any tax and estate planning. 

It is important to view succession planning as part of a long-term exercise. Deciding which assets to hand on or retain, and when to do so, can be an important part of this.

Frequently, succession planning is coupled with maximising available inheritance and capital gains tax reliefs, in order to ensure that the assets concerned can be passed on, intact, without an onerous tax liability. This will normally involve a detailed analysis of a client's assets. Some assets may not be integral to the overall running of the enterprise concerned and may not qualify for any tax reliefs, so could be suitable for giving away in the nearer future. Others may not qualify for tax reliefs at present, but may be a central part of the client's estate, and, given the right conditions, may potentially qualify for reliefs in future.

Take advice early

Tax reliefs cannot always be secured quickly, so it is vital to take advice early in order to secure them before it is too late.

We are proud to be ranked by Legal 500 as the leading firm in Yorkshire and the Humber for agriculture and estates and personal tax, trusts and probate, and by Chambers as one of only two top-tier private client firms in Leeds.

"a gathering of like-minded people who have some superb specialisms"

- Chambers & Partners

Andrew Wriglesworth View Biography

Andrew Wriglesworth

Direct Line: 0113 204 5719

Partner
Leeds

Lynne Bradey View Biography

Lynne Bradey

Direct Line: 0114 267 5584

Partner
Sheffield

Meet the team

10 Oct 2018

School and nursery staff no longer have to disclose association with sex offenders

The disqualification by association rules no longer apply to those working in schools and nurseries.

25 Sep 2018

Could you maximise income through hiring out school property?

We look at an example of utilising school land and property, and how the school and academy trust should act.

24 Sep 2018

**HMRC UPDATE** Trust Registration Service - September 2018

HMRC has further updated its guidance on compliance with the legislation of the registration of trusts which had tax liability.