Gabb & Co has one of the biggest and best Private Client practices in Wales and is top rated by both the Legal 500 and Chambers’ Directories for this category of work.

The Department is led by Mike Stock who is one of the few Solicitors in the UK to be both a member of the prestigious Institute of Taxation and the Society of Trust and Estate Practitioners. Mike has specialised in inheritance tax and capital gains tax planning for many years and is a former Senior Partner of the firm .

We are now offering professional firms, including other firms of solicitors, accountants and financial advisers, the opportunity to tap into Mike’s technical expertise and experience on an annual subscription basis, details of which are set out below.

We think that this will be of particular interest not only to smaller/medium sized firms who may not have their own in-house tax and trusts specialist but also to larger firms who may want a second opinion on more complex issues but do not wish to incur the expense of Tax Counsel.

Our Service includes a dedicated telephone number and email address which is only available to members via a coded password. We guarantee a response within 48 hours.

If, as a result of any query, we are asked to attend meetings with clients or draft documents e.g. Wills, Trust Deeds or Deeds of Variation, then we offer a 25% discount on our hourly rate to clients of member firms. This works out at a rate of £150 + VAT per hour which compares very favourably with City firms and Tax Counsel.

We operate a strict non-poaching policy. If a client is introduced to us from a member firm, we UNDERTAKE not to contact that client except in relation to the particular matter we have been requested to deal with nor to send any marketing material to them in relation to other services that we offer. Our aim is to cement the relationship between member firms and their clients by offering expert advice and assistance in a specialist area which member firms may not cover themselves. In other words, we became a member of your team for a particular job and you keep the client.

If you prefer, we are also happy to provide a “behind the scenes” service providing advice and assisting with the preparation of documents with no direct contact with the client on a no names basis. Our service covers all the following areas:-

Tax efficient Wills
Setting up and administration of Will Trusts
Deeds of Variation
Lifetime Settlements
Gifts with Reservation (GWR)
Pre-owned Assets Tax (POAT)
Agricultural Property Relief (with particular emphasis on farmhouses)
Business Property Relief (including development land)
Efficient IHT/CGT planning using Trusts following FA 2006 (avoiding 10 year charges)
Advice on conduct of negotiations with HMRC/District Valuers
Taking advantage of the new IHT rules to simplify Wills for clients whilst retaining flexibility and protection against the risk of divorce/bankruptcy etc of beneficiaries
Protection of assets against nursing home fees
Obtaining the benefit of 3 or even 4 nil rate bands (£325,000 from 6th April 2009) for widows/widowers who have remarried

In addition to the above, we offer a range of innovative tax solutions to complex IHT and CGT problems which we are happy to share with member firms for the benefit of their clients. Our service is an extension to the informal service that we already provide to many local professional firms and we believe that it offers fantastic value.

As this is the first year of our service, we are offering a special introductory 25% discount to all members who join before 1st May 2009. If you consider what the cost of employing a tax specialist are or of obtaining just one Tax Counsel’s Opinion during the year might be, we believe that this represents great value for money.

To summarise, the benefits of our service are:-

  • High level of technical expertise and experience
  • First class, friendly and personal service from Steve Meredith (no delegation without agreement)
  • Dedicated telephone number and email address for use by member firms only accessed via a coded password
  • Rapid response
  • 25% discount on hourly rates for attendance at meetings and preparation of legal documents for clients of member firms
  • Strict no-poaching policy
  • Full professional indemnity cover
  • Access to innovative tax solutions to complex IHT and CGT problems
  • Long experience of negotiating and dealing with HMRC (Capital Taxes) and District Valuer’s Office
  • Great value for money
  • Special introductory offer of 25% discount if joining before 1st May 2009.

If you would like to discuss any aspect of our Trusts and Tax Service before making your decision, please contact Mr Mike Stock at (telephone No: 01873 852432 or email mike.stock@gabb.co.uk). Alternatively, complete the membership application form. We look forward to working with you over the next 12 months and beyond.