The Importance of Asking the Right Questions

When it comes to tax, waiting until the last minute is rarely the best strategy. More and more of our clients are coming to us early, not just to solve problems but to plan ahead. This trend marks a positive shift: proactive tax planning is all about putting yourself in the strongest possible position before decisions and deadlines force your hand.

We may not have a crystal ball 🔮, but there are always steps you can take to prepare for the future. It starts with asking the right questions — and having the right professionals on your side to give you clear, personalised guidance.

10 essential questions

Here are 10 essential questions to ask when looking at your tax position proactively:

1. Are there any tax reliefs or exemptions I’m currently missing out on?

2. How can I structure my investments to be more tax-efficient in the long term?

3. What should I consider before selling a property, shares, or other assets?

4. How do the latest UK tax changes affect my current and future plans?

5. What steps can I take now to reduce potential Capital Gains Tax liabilities?

6. Am I making the most of allowances available to me and my family?

7. How can I plan for succession or passing wealth on in a tax-efficient way?

8. Are there international tax implications I should be aware of if I’m a non-UK resident or planning to move?

9. What records should I be keeping today to make my tax position easier tomorrow?

10. How can I protect myself against unexpected tax risks in the future?

Gain Confidence, Clarity and Control

Proactive tax planning doesn’t just save money — it gives you confidence, clarity, and control. At The Tax Faculty, we specialise in guiding clients through the complexities of UK and international tax, helping them plan smarter for the future.

📞 Ready to get your ducks in a row? Contact us today to start the conversation.

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Capital Gains Tax Expertise: The Tax Faculty LLP Managing Partner Charles Tateson Named UK Capital Gains Tax Advisor of the Year 2023

The Finance Monthly Taxation Awards recognises the achievements of tax professionals from around the globe.

Winning such an award is no small feat. It is a reflection of hard work, extensive knowledge, and an ability to navigate the intricacies of the UK tax system.

Read more about Charles and the award here.

Contact Us

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