Background and experience

Simon is a director at Wellden Turnbull and specialises in all areas of tax.  Simon qualified as an Associate Chartered Accountant in 2004 and Chartered Tax Advisor in 2006. He became a Fellow Chartered Accountant in 2014.

Simon has expertise in:

Setting up in business

  •  Advising on setting up new businesses including what structure is best for your individual circumstances.
  • The advantages of partnership or shareholder agreements.
  •  How to take money tax efficiently from your business.
  •  Enterprise Investment Scheme or Seed Enterprise Investment Scheme reliefs.

Buying a business

  •  Advising on the best structure to purchase a business.
  • Guidance through the purchase process including reviewing share purchase agreements, due diligence and liaising with other advisors.

Running a business

  • Assisting with PAYE, VAT and Construction Industry Scheme and corporation tax returns.
  • Growing a business including use of holding companies and subsidiaries.
  • Corporation tax, including groups of companies, UK branches of overseas companies and overseas branches of UK companies.

Family owned businesses

  • Issuing shares to family members.
  • Incentivising key employees including use of Enterprise Management Incentive Schemes.
  • Passing a business to the next generation including use of entrepreneurs’ relief and other holdover reliefs.
  • Sale of a business.

Personal tax

  • Capital gains tax, including principal private residence relief.
  • Income tax reliefs and planning.
  • Tax implications of divorce.

International issues

  • Domiciled and non-domiciles coming to and leaving the UK.
  • Residence issues.
  • Double tax treaties and double tax relief.
  • International structures.

Tax investigations

  • Managing any inland revenue tax investigation on all areas of tax to ensure you get the best possible outcome.
  • Penalty mitigation and suspension.
  • Use of the Alternative Dispute Resolution Service and Tax Tribunals.
  • Helping manage enquires into tax avoidance arrangements including film schemes and employee benefit trusts.
  • Dealing with Advance Payment Notices and Follower Notices.

On and Offshore Trusts

  • Setting up, running and closing trusts.
  • Inheritance tax issues.
  • Implications for settlors and beneficiaries.

Stamp Duty/Stamp Duty Land Tax and Annual Tax on Enveloped Dwellings

  • The tax issues on purchasing property through various entities.
  • Purchase, transfer and sale of property owning partnerships.

Inheritance tax, wills and probate

  • Authorised to carry out and supervise all areas of probate work and assist executors with starting, administering and finalising an estate.
  • Inheritance tax planning.

As Simon deals with all areas of tax he can provide practical, helpful advice in a straightforward manner on all aspects of an issue or transaction.