Tuesday 20th July 2010 - Published by Lara Page - Account Manager
Are you More Afraid of Your Assets Being Taken by The Government Than by Criminals?
A COMPANY is promising to help business owners keep the fruits of their toil from the taxman.
The Asset Preservation Partnership (APP) says companies could end up paying too much tax as austerity measures are implemented to reduce the country's enormous deficit, which is growing at the rate of £700K every 60 seconds.
The partnership said successful business owners were being targeted in a 'war on wealth' and were now more likely to have their assets taken by their own government than by criminals.
Asset Preservation, based in Windlesham, Surrey, said it uses bespoke, non-contentious tax planning to reduce a businesses' tax liabilities, working within HMRC legislation or using strategies already pre-approved by HMRC.
Managing Partner Connor O'Daly said the principle was simple, “The only way to avoid being a target is to minimise the wealth that predators can attack. This means ring fencing your assets from predators and legally reducing your tax liabilities. We enable business owners to mitigate their tax liabilities and ensure that their wealth is protected into 2010 and beyond.”
"Most business owners don't like paying too much tax - we help them to achieve this."
Case study: A successful business owner, 60, had land worth £1 million and Inheritance Tax liabilities of £1 million. He wanted to pass on some of his business to his key employees, minimise any capital gains tax payable on the land should he get planning permission and to increase the funds available for his retirement. APP managed to save £4 million in tax for the client using holistic, non-contentious tax planning which was not open to challenge by HMRC.
Connor O'Daly
