Lifetime Trusts and Inheritance Tax
- MAZ
- Sep 29
- 18 min read
Lifetime Trusts and Inheritance Tax in the UK: Understanding the Basics for 2025 and Beyond
Picture this: You’re staring down at a sizeable inheritance, or perhaps planning to pass on your hard-earned wealth to your family or business partners without losing a fortune to Inheritance Tax (IHT). Lifetime trusts can be powerful tools for estate planning, but their interaction with inheritance tax rules, especially with the new 2025 reforms, can seem as tangled as a bowl of spaghetti. Let’s unravel this together, step by step, drawing from real cases and seasoned UK tax practice.
What Is a Lifetime Trust?
At its core, a lifetime trust is a legal arrangement where a person (the settlor) transfers assets—be it cash, property, or shares—into a trust during their lifetime, rather than as part of a will after death. A trustee then holds and manages those assets for the benefit of the beneficiaries (family, friends, or charities), according to the trust deed.
The main draw? You can control how your assets are used and potentially reduce inheritance tax liability if done correctly—something business owners and taxpayers alike find critical.
How Does Inheritance Tax Work on Lifetime Trusts?
None of us loves tax surprises, especially not the 40% inheritance tax bite that can sometimes arise. For lifetime trusts, the tax rules depend heavily on:
● The type of trust set up (discretionary, interest in possession, bare trust, etc.)
● The value of assets transferred and when the transfer occurred
● The residency and domicile status of the settlor
● Timing concerning the settlor's death or other major tax events
Inheritance Tax may apply immediately on lifetime transfers into certain trusts (called Chargeable Lifetime Transfers or CLTs) or if the settlor dies within seven years after the transfer. Additionally, there may be periodic charges every 10 years (“anniversary charges”) and exit charges when assets leave the trust.
2025 Update: The Shift to a Long-Term Residence-Based IHT Regime
HMRC’s guidance and recent legislation starting from 6 April 2025 have introduced a fundamental change to the IHT system. Previously, inheritance tax scope largely depended on domicile status; now it has shifted to a long-term UK residence basis. This means:
● Individuals who have been UK residents for 10 out of the previous 20 tax years are now considered long-term UK residents for IHT.
● Non-UK assets held in trusts by long-term UK residents lose their “excluded property” status and become liable for IHT.
● This impacts lifetime trusts containing overseas assets, which were partially or fully excluded under old rules.
● Relevant property regime applies with charges every 10 years and exit charges capped at 6%, calculated proportionally according to how long assets were excluded property.
What This Means Practically: Real-World Client Insight
Take "Mrs White" (not her real name), a London-based business owner who transferred £400,000 into a discretionary trust for her children in early 2024. Before 2025, the foreign property in that trust was largely excluded for IHT because Mrs White was a non-UK domiciled resident—but under the new rules, her long-term UK resident status resulted in partial inclusion of those foreign assets, triggering unexpected 10-year anniversary charges.
I’ve seen clients like Mrs White caught off guard, facing trustee bills to pay inheritance tax on assets settled years ago, with no immediate access to funds to settle the tax.
The Types of Transfers into Trusts and IHT Consequences
● Exempt Transfers: Certain lifetime gifts—such as transfers to a spouse or charity—are exempt from IHT outright.
● Potentially Exempt Transfers (PETs): Gifts to individuals generally don’t incur IHT if the settlor survives seven years; otherwise, IHT applies on a sliding scale.
● Chargeable Lifetime Transfers (CLTs): Transfers to most trusts are usually CLTs, attracting an immediate IHT charge at 20% on the amount exceeding the nil rate band (£325,000 for 2025/26).
If the settlor dies within seven years of making a CLT, the trust assets may face a further 40% IHT charge, less taper relief for the time survived after the transfer.
Gift with Reservation of Benefits (GWR)
Be careful here because I’ve seen clients trip up when they continue benefiting from assets placed into a trust. If the settlor reserves the right to use or benefit from the trust (e.g., lives in a property held in trust rent-free), HMRC considers those assets still part of their estate, nullifying the intended IHT benefits.
How the 10-Year Anniversary Charge Works
Trustees must check the value of the trust every 10 years. If the trust’s net value exceeds the nil rate band, an IHT charge of up to 6% applies on the value exceeding this threshold. The calculation is complex and considers prior gifts, transfers in and out, and any reliefs available.
In practice, this often surprises trustees who may not have planned for the liquidity needs to meet these charges, especially with trusts holding illiquid assets like property or shares in private companies.
New Challenges for UK Business Owners and Taxpayers
If you’re self-employed or a business owner, lifetime trusts have been a popular way to safeguard business assets and smooth succession planning. But the 2025 regime means:
● You must track your residency carefully—those long-term UK residents face broader IHT scope.
● You need to plan around CLTs carefully to avoid large immediate or anniversary tax charges.
● Business Property Relief (BPR) could still be available for qualifying business assets held in trust for at least two years, reducing IHT liabilities substantially.
Step-By-Step: How to Verify Your Lifetime Trust and IHT Position in 2025
Identify the Trust Type and Date of Settlement: Different rules apply to trusts settled before or after 30 October 2024.
Confirm Your UK Long-Term Resident Status: Check if you qualify as a long-term resident (residence 10 out of last 20 years).
Determine the Assets Held in Trust and Their Location: UK vs. non-UK property impacts IHT status post-2025.
Calculate Any Immediate Chargeable Lifetime Transfer (CLT) Tax Due: Particularly on transfers above the £325,000 nil rate band.
Plan for 10-Year Anniversary and Exit Charges: Understand trustee responsibilities to budget for these events.
Check for Gift with Reservation of Benefits (GWR) Conditions: If the settlor benefits, assets remain in the estate for IHT.
Assess Relief Eligibility (e.g., Business or Agricultural Property Relief): Often overlooked but can save 100% IHT in some cases.
Common Pitfalls and How to Avoid Them
● Overlooking non-UK assets held in trust that become taxable after residence-based IHT rules
● Failing to plan for trustee liquidity to meet 10-year anniversary charges
● Neglecting to apply taper relief on lifetime transfers made within seven years of death
● Misunderstanding the GWR rules, resulting in unintended full estate inclusion
Why This Matters to You?
If you’ve previously used lifetime trusts believing they shield your estate from inheritance tax, the 2025 reforms may have changed the game. Whether you’re an employee, self-employed professional, or own a business, understanding these changes ensures you don’t face nasty tax bills or penalties down the line.
Navigating Lifetime Trust Types and Inheritance Tax Implications in the UK for 2025-26
Now, let’s think about your situation — if you’re self-employed, a business owner, or just planning to preserve your family wealth using trusts, knowing the types of lifetime trusts and their inheritance tax (IHT) consequences is key. Without this clear understanding, you could face unexpected tax bills or miss valuable reliefs.
What Are the Main Types of Lifetime Trusts?
In my years advising clients in London and around the UK, the following trust types are the most commonly encountered—not just on paper, but in real-world estate and tax planning.
● Discretionary Trusts: Trustees have full discretion over income and capital distribution to beneficiaries. Common in family trusts where flexibility is desired.
● Interest in Possession (IIP) Trusts: A beneficiary has the immediate right to the trust income, but capital usually passes to another person later (remainder beneficiaries).
● Bare Trusts: Beneficiaries have an absolute right to both income and capital, usually used to hold assets for minors or vulnerable individuals.
● Accumulation and Maintenance Trusts: Designed primarily for minors or vulnerable people, allowing trustees to accumulate income until beneficiaries reach an age, often 18 or 25.
● Trusts for Disabled Persons: Special rules apply giving relief from IHT to protect vulnerable beneficiaries.
Each trust type triggers different IHT rules, which impact when and how inheritance tax is charged on lifetime transfers into these trusts, and on trust assets during the trust’s life.
IHT Charges on Lifetime Transfers Explained
Now, here’s the nitty-gritty from practitioner experience. The tax position depends heavily on whether the transfer is:
● Chargeable Lifetime Transfer (CLT): Most lifetime gifts into discretionary and certain other trusts. Immediate tax charge at 20% on amounts exceeding the nil rate band (£325,000 for 2025/26), paid by trustees.
● Potentially Exempt Transfer (PET): Generally lifetime gifts to individuals or some trusts where no immediate IHT charge arises, provided the settlor survives 7 years.
● Exempt Transfer: Gifts to spouses, charities, or certain trusts not subject to IHT.
For instance, several clients running businesses that funded discretionary trusts to protect assets experienced immediate 20% IHT charges exceeding the nil rate band. If the settlor dies within 7 years, further 40% charge on excess after credit for lifetime IHT paid may arise, reduced by taper relief (20%-100%).
Practical Client Scenario — The Mechanics of the CLT Charge
Mrs Green, a self-employed artist in Bristol, transferred £500,000 into a discretionary trust in mid-2024. She had used none of her £3,000 annual exemption. The first £3,000 is exempt, but the remaining £497,000 triggers an immediate 20% IHT charge on £172,000 (£500,000 minus nil rate band of £325,000). The IHT due initially is £34,400, paid by the trustees.
Mrs Green passed away five years later. Her executors face an additional 40% charge on the £175,000 going above the nil rate band again (assuming it’s constant), but taper relief reduces this to 20%. Already paid lifetime IHT credited means only a further £17,500 is owed.
What About Gifts with Reservation of Benefit (GWR)?
Be careful here, because I’ve seen clients trip up when trusting assets but still drawing benefits (e.g., living rent-free in a house placed in trust). HMRC regards these assets as still part of the estate for IHT, leading to unexpected charges on death as if no trust existed.
This has caused major headaches for some business owners who retained use of business premises placed in trust but assumed it was a clean IHT break.
Trustee Responsibilities for 10-Year Anniversary and Exit Charges
Ten years after a trust is created, and every ten years thereafter, trustees must calculate whether a tax charge is due based on the value exceeding the nil rate band.
Trustees sometimes underestimate this obligation, leading to late payments and penalties. It's crucial to forecast these charges and ensure there is liquidity, especially for trusts holding non-liquid assets like property or private company shares.
Business Property Relief (BPR) — A Lifeline for Entrepreneurs
Business owners often use BPR to reduce or eliminate IHT on qualifying business assets held in trust if certain conditions are met (e.g., owned for at least two years). Reliably applying BPR can save up to 100% on IHT for business assets, but trustees must be meticulous in record-keeping and valuation.
In practice, I have seen contractors miss out on BPR by treating assets as investment properties instead of qualifying business assets, resulting in large IHT bills that could have been avoided.
Inheritance Tax Calculations for Lifetime Trust Transfers — A Step-by-Step Approach
Check Transfer Date and Trust Type: Different rules apply for gifts before/after 30 October 2024 and various trust kinds.
Determine if Transfer is CLT, PET, or Exempt: Use allowances (annual exemption, nil rate band) to calculate amounts liable.
Calculate Immediate IHT on CLTs: 20% charge above nil rate band, paid by trustees.
Track Time from Transfer to Death for Taper Relief: If death occurs within seven years, calculate additional IHT at 40% reduced by taper relief.
Plan for 10-Year Anniversary Charges: Calculate up to 6% tax on value above nil rate band at the 10-year mark.
Consider Exit Charges: When assets leave trusts, trustees may pay proportional IHT.
Apply Reliefs: Check eligibility for Business or Agricultural Property Reliefs to reduce IHT.
Scottish and Welsh Considerations
Scotland and Wales introduced variations to income tax bands and rates but inheritances tax remains aligned UK-wide under the current regime. However, trustees in Scotland must be mindful of Scots law regarding trust administration, legal ownership, and the distinct tax return filing procedures required.
Real-Life Tip: Handling Multiple Income Sources and Emergency Tax
For business owners with income through trusts and personal earnings, tracking the tax position can get complex quickly. Unreported side income, emergency tax codes, or overlapping tax claims (like the High Income Child Benefit Charge) can interact with trust distributions, adding layers to tax verification.
References for further study:
This is advice drawn from years working with clients balancing personal wealth and business interests under changing tax laws, ensuring trust structures are efficient and compliant.
Advanced Lifetime Trust Strategies and Practical Inheritance Tax Planning for UK Taxpayers and Business Owners
So, the big question on your mind might be: how do I practically use lifetime trusts now with the 2025 inheritance tax (IHT) reforms to protect my wealth effectively? After laying out the basics and common pitfalls, this part dives deep into actionable strategies and real-world applications for business owners, self-employed individuals, and employees juggling multiple income streams.
Using Discounted Gift Trusts to Retain Income and Reduce IHT
A discounted gift trust is a clever tool, often overlooked, but a lifesaver for those who want to gift assets yet keep a regular income from them.
For example, consider a client who placed £500,000 into such a trust. They retained the right to a lifetime income stream valued at £250,000 actuarially. For IHT purposes, only £250,000 was treated as a gift, which after 7 years vanished from their estate, saving them up to £100,000 in IHT. This balance of reducing your estate while maintaining income flexibility is invaluable, especially for business owners reliant on regular cash flow.
Gift and Loan Trusts: Access Capital While Minimising Tax
A more complex but flexible option is a gift and loan trust. It works by lending assets to the trust rather than gifting outright, letting the investment growth escape IHT.
Imagine a business owner loans £1 million to the trust, which then invests and grows to £1.5 million. The £500,000 growth is outside their estate, potentially saving £200,000 in IHT. Plus, they can call back the loaned capital gradually, retaining access while maximising tax efficiency.
Discretionary Trusts for Family Flexibility and IHT Planning
Discretionary trusts remain popular because of their adaptability. Too often, families set up trusts solely for tax reasons, but these arrangements can flexibly address changing needs.
Take a family who placed £500,000 into a discretionary trust to support university fees for children. After 7 years, that amount isn't taxable in the estate, saving £200,000. Trustees use the fund judiciously—paying for education, then later adapting to cover unexpected medical bills. This isn’t just about tax saving but smart, practical family financial management.
Life Insurance in Trust: A Surefire Way to Cover IHT Liabilities
A common stumbling block for many estates is the liquidity needed to pay inheritance tax bills without selling valuable assets like homes or businesses. Placing life insurance policies into trust solves this.
Picture a high-net-worth client with a £1 million life insurance policy held in trust. When they pass, the payout goes directly to the trustees, who can pay the IHT due. This keeps the family home or business intact, avoiding forced sales and stress during emotional times.
Planning for Trust Distributions with Business Property Relief (BPR)
For business owners, chasing every legitimate relief is critical. BPR can exempt qualifying business assets in trusts if held for more than two years.
I’ve advised clients who thought their portfolio company shares qualified only to realise the lack of active trading blocked relief. Ensuring business structure and operations align with BPR criteria can save large tax sums.
Combining Multiple Trusts and Income Sources: Staying on Top of Tax Complexities
Many taxpayers have income from PAYE jobs, self-employment, and distributions from more than one trust. This complicates tax affairs.
For example, a freelancer in Leeds juggling a software business income, a discretionary trust, and rental income found herself on emergency tax codes twice, leading to significant underpayment. The fix involved coordinated Self Assessment filings and code updates, plus setting up a detailed cash flow model for expected IHT charges on trusts.
Practical Worksheet Template: Monitoring IHT Risks on Lifetime Trusts
To keep control over exposure, trustees and settlors should maintain:
● Trust asset valuations annually and at 10-year anniversaries
● Records of all lifetime transfers and dates
● Tracking of settlor’s UK residence and domicile status changes
● Scheduled reviews of potential 7-year PET periods and taper relief eligibility
● Business Property and Agricultural Property Relief qualification checks
● Planning for future exit charges and anticipated liquidity needs
Such diligence prevents unwelcome surprises and enhances tax planning precision.
Dealing with Scottish, Welsh, and Post-Brexit Nuances
Though inheritance tax rates and rules are standard UK-wide, legal and procedural differences in Scotland can affect trust administration and income tax treatment of beneficiaries.
Welsh taxpayers face similar IHT rules but their income tax bands diverge. Moreover, non-domiciled or expatriate trustees and settlors must navigate complex post-Brexit regulations influencing asset location definitions, affecting trust taxation.
Summary of Key Points
Lifetime trusts remain a potent tool to reduce UK IHT liability when structured with up-to-date tax rules in mind.
Control and flexibility enhance estate and family financial management.
Post-2025, long-term UK residence status expands trust asset IHT scope, especially on offshore assets.
Regular status reviews ensure compliance and tax efficiency.
Discounted gift and gift and loan trusts offer creative ways to retain income or capital access while mitigating IHT.
Discretionary trusts adapt to family needs, providing both financial flexibility and substantial tax savings.
Life insurance held in trust is essential to secure liquidity for settling IHT bills without forced asset sales.
Business Property Relief is invaluable for business owners but requires precise qualification to apply.
Coordinating multiple income streams, including trust income and self-employment, demands careful tax code and return management.
Trustees must proactively monitor trust valuations, 10-year anniversary charges, and exit charge liabilities to avoid surprises.
Gifting strategies involving lifetime trusts must consider gift with reservation of benefit rules to ensure tax benefits materialise.
Regional differences in legal frameworks and taxation require tailored advice, especially in Scotland, Wales, and for expatriates.
FAQs
Q1: Can someone change their tax code if it’s incorrect due to lifetime trust income?
A1: Well, it’s worth noting that if trust income isn’t being reflected properly in your tax code, you can ask HMRC for a review. Trustees usually report income separately with the trust tax return, but that income might not flow properly into your PAYE code. I've worked with clients who had underpayment surprises because trust distributions weren’t properly accounted for. It’s best to keep HMRC updated and use the personal tax account to check and request code adjustments promptly.
Q2: What happens if a person has income from multiple trusts and a PAYE job?
A2: This is a common mix-up, but here’s the fix: combining multiple income streams, especially trust income and PAYE wages, can push you into higher tax brackets unexpectedly. Many clients running small businesses or side hustles through trusts found that income blending caused unexpected tax bills. The key is regular annual reconciliation either via Self Assessment or requesting multiple tax code adjustments so all incomes are captured accurately.
Q3: How does the 10-year anniversary charge work with lifetime trusts?
A3: Trustees need to be vigilant here — every 10 years, the value of the relevant property in a trust is assessed for IHT. If it exceeds the nil rate band (£325,000 for 2025/26), a charge of up to 6% applies on the excess. I’ve seen trustees caught off guard by this, especially when holding illiquid assets like property or shares, which makes meeting tax payments tricky without planning. It’s wise to budget for this charge well in advance.
Q4: Are there regional differences in how trusts are taxed for inheritance purposes?
A4: Inheritance tax rules on trusts are UK-wide, but Scotland’s different legal framework for trust administration means extra care is needed there. For example, Scottish trusts must follow Scots property law, and trustees there often file separate tax returns. Welsh taxpayers have the same IHT rules as England and Northern Ireland, but income tax rates differ. It’s important to get local advice for regional nuances, especially if earnings are split across jurisdictions.
Q5: How do “gifts with reservation of benefits” (GWR) impact trusts and IHT?
A5: If the settlor continues to benefit from an asset placed in trust—like living rent-free in a house held in trust—HMRC treats the asset as still part of the estate for IHT, cancelling the intended tax benefits. I’ve advised numerous clients who thought transferring their home cleared it from their estate, only to face full IHT charges after death because of GWR. Avoiding GWR requires clear separation of benefit with no ongoing use or income drawn.
Q6: Can self-employed individuals use lifetime trusts to protect business assets from IHT?
A6: Absolutely, but it’s nuanced. Many self-employed professionals set up discretionary or interest-in-possession trusts to shelter business assets. Business Property Relief (BPR) can then apply, potentially wiping out up to 100% of IHT on qualifying business assets held in trust for two years or more. Just be mindful of strict ownership and trading activity conditions; I've seen cases where passive asset holding disqualified relief, leading to huge unexpected tax bills.
Q7: How does IHT taper relief work on lifetime transfers into trusts?
A7: If death occurs within 7 years of making a chargeable lifetime transfer, an additional IHT charge applies but reduces over time via taper relief. For example, if you pass away 4 years after the gift, IHT on the excess reduces by 40%. In practice, I’ve helped clients calculate these savings accurately to plan optimal gifting timings and reduce final IHT liabilities.
Q8: Are there reliefs available for agricultural property held in lifetime trusts?
A8: Yes, Agricultural Property Relief (APR) can provide up to 100% IHT relief on qualifying land and farm buildings held in trust, assuming ownership exceeds two years. This relief is particularly helpful for farming families wanting to pass down estates without crippling tax charges. Just ensure the land is actively farmed or let on qualifying terms; I recall cases where passive investment land was denied APR, which meant big tax hits.
Q9: What’s the process if trustees miss reporting a lifetime trust’s tax return on time?
A9: Unfortunately, missed deadlines can incur penalties and late payment interest. Trustees must file a Trust and Estate Tax Return (SA900) by 31 January following the tax year. I’ve encountered trustees unaware of this, particularly in family trusts, who faced avoidable fines. The best advice is to stay organised, meet deadlines, or get professional help if unsure.
Q10: How do emergency tax codes affect taxpayers with trust income?
A10: Emergency tax codes can cause over or under-taxation if trust income flows aren’t updated in time. For instance, someone starting a job with trust income might get taxed at the emergency code rate until the full earnings picture is clear. A client of mine in Manchester faced surprise tax due because her new employer used an emergency code while her trust distributions weren’t accounted for. Quick communication to HMRC and submitting a Self Assessment can sort this out.
Q11: Can charitable trusts reduce overall inheritance tax liabilities?
A11: In my experience, charitable trusts can be powerful tax planning tools. Gifts into qualifying charitable trusts are often exempt from IHT, and estates leaving at least 10% to charity benefit from lower rates on the remainder. Setting up a charitable trust can help blend philanthropy with astute tax reduction, especially for business owners wanting their legacy to support causes.
Q12: What happens to trust assets upon a settlor's death under the 2025 rules?
A12: The value of trust assets can become liable to IHT on death of the settlor, especially if it was a chargeable lifetime transfer or if the settlor died within 7 years. Post-2025, if the settlor was a long-term UK resident, even non-UK assets in the trust may now be liable. I advised clients with offshore trusts to reassess holdings carefully to avoid costly surprises after these regulatory updates.
Q13: How can taxpayers verify if their IHT payments on lifetime trusts were correct?
A13: HMRC’s personal tax account provides summaries, but detailed calculations of lifetime transfers require careful analysis, especially with 10-year charges and taper reliefs. I often encourage clients to work with a tax professional to audit past transfers and payments, revealing errors or overpayments not obvious from standard statements.
Q14: Are regular gifts out of income effective for avoiding IHT on lifetime transfers?
A14: Yes, provided the gifts are truly regular and out of surplus income (not capital), they can be exempt from IHT. Many individuals overlook keeping formal records showing these gifts are sustainable part of their income. I’ve seen clients improve their estate planning dramatically by structuring such gifts properly—think monthly transfers from salary, not one-off lump sums.
Q15: What should business owners watch out for with trust and inheritance tax interplay?
A15: Paid dividends, retained profits, and how business assets are held matter hugely. Trustees need to claim Business Property Relief carefully on eligible shares; failing to demonstrate active trading can cost dearly. From my advice work, regular valuation updates and clear income trails are essential to withstand HMRC scrutiny and avoid surprise tax bills.
Q16: Is there a risk of double taxation with lifetime trusts and personal estates?
A16: It can happen, especially when the same asset passes out of a trust and back to the deceased’s estate or beneficiaries in quick succession without proper planning. Understanding the timing, reliefs, and applicable charges is key. I recall working with a client where careful scheduling and advice prevented a six-figure double tax liability.
Q17: How do Scottish income tax disparities affect trust beneficiaries?
A17: Trust beneficiaries in Scotland pay income tax on distributions per Scottish rates and bands, which differ from the rest of the UK. This adds complexity when trusts span jurisdictions. For example, a freelance client living in Edinburgh received trust income with different tax implications than a London counterpart, requiring tailored tax planning.
Q18: Can lifetime trusts reduce exposure to the High Income Child Benefit Charge?
A18: Potentially, yes. Trustees distributing income cautiously and beneficiaries managing personal earnings below thresholds can minimise this charge. One client, combining trust income and self-employed earnings, optimised distributions and salary draws to successfully reduce the overall tax burden.
Q19: What are common errors made by taxpayers with lifetime trusts and how to fix them?
A19: Common mistakes include failing to declare distributed income, not claiming allowances, ignoring anniversary charges, and misunderstanding GWR rules. Fixes usually involve filing amended returns, applying for reliefs, or repaying underpaid tax. Staying organised with detailed records and consulting specialists early works best.
Q20: How can one prepare for the future changes in IHT relating to lifetime trusts?
A20: Tax laws evolve, so continuous review of trust structures is crucial. Regularly revisiting residency status, asset location, and trustee compliance with filing and payments prevents surprises. In practice, setting up flexible trusts with clear documentation and professional oversight helps navigate evolving IHT landscapes smoothly.
About the Author
Maz Zaheer, AFA, MAAT, MBA, is the CEO and Chief Accountant of MTA and Total Tax Accountants, two premier UK tax advisory firms. With over 15 years of expertise in UK taxation, Maz provides authoritative guidance to individuals, SMEs, and corporations on complex tax issues. As a Tax Accountant and an accomplished tax writer, he is renowned for breaking down intricate tax concepts into clear, accessible content. His insights equip UK taxpayers with the knowledge and confidence to manage their financial obligations effectively.
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