Private client services

Private Client services provides high net worth individuals, trusts and partnerships with advice and assistance with all aspects of their taxation affairs.

Private client services Image

Private Client services provides high net worth individuals, trusts and partnerships with advice and assistance with all aspects of their taxation affairs.

High net worth clients for MG Group typically means that you will have net wealth (assets less liabilities) in excess of £2 million - including the value of your main/only residence.

We provide a wide range of services to our high net worth clients including:

  • inheritance tax and will planning
  • capital gains tax planning
  • preparation of individual and trust tax returns
  • preparation of trust tax returns
  • HMRC enquiries
  • advice on non-residents and non domiciled persons/trusts
  • non resident landlords
  • wealth management services (provided through our association with financial planning firms)

Our Private client services team is led by Gavin Fernandes, who is also the Managing Director of MG Group.

Please get in touch if you would like information and details on our private client services.

e mail: gavin.fernandes@mggroup.co.uk

Tel: 020 3226 0940

MG Group is regulated by the Institute of Chartered Accountants in England & Wales (ICAEW) to provide investment advice to our clients. We are able to provide general and broad investment advice in relation to our clients' affairs, taking into account the general accounting and taxation implications.

Under our Designated Professional Body (DPB) regulated status with the ICAEW we cannot provide bespoke advice on specific investment/pension products. We work with a number of respected investment/pension firms who are regulated by the Financial Conduct Authority (FCA).

We would be delighted to work with our clients regarding their investment and wealth management activities, and will always ensure that we do so in a structured and long term way with our preferred business partners.

MG Group has built up a selection of key partners to work with in relation to financial services. We work with established wealth management companies, pension companies and investment advisers. We will always ensure that our advice and guidance fits in to the specific requirements of our clients.

Our aim is to ensure that any advice and guidance is provided with a long term view in mind. We want to ensure that our clients are delighted with our services (and the services of our partner firms) in the long term, and this means that we need to fully understand your motivations and requirements in order to provide the highest quality of service.

We manage accounting and taxation requirements for trusts and estates. We have a dedicated in house personal tax specialist who enjoys working in this area and will ensure a smooth and efficient service.

We are happy to work with personal representatives or solicitors who are dealing with an estate of a deceased, and can assist with the Estate tax returns (SA900) as well as the personal tax returns that will need to be completed by the beneficiaries.

Please contact us for further information and guidance on the services that we provide, and please refer to the attached document for some common areas in which we assist our clients with respect to income tax in relation to estates.

At the present time, the Institute of Chartered Accountants in England & Wales (ICAEW) has applied to the Legal Services Board (LSB) to be granted a probate licence. Probate is currently a reserved activity and can only be practiced by those with an appropriate licence.

Until recently the application to obtain a grant of probate could only be done by a firm of Solicitors. However, due to legal services reforms, this area is being opened up to other competent professional firms.

MG Group are keeping a close eye on developments in this area and we may decide to apply for a licence at any such point that the ICAEW becomes a licenced body.

If you would like to be kept up to date with our services in this area, please let us know and we will add you to our probate services mailing list.

Our Family office services relate to management of trusts and investments for single families. It will often be the case that the wealth under management has been accumulated over a number of decades, and an important element of our service is to ensure that the wealth can be transferred in a tax efficient way from one generation to the next. We have associations with legal advisers and property management companies, so our family office service covers the full spectrum of services that may be required.

Our people are skilled in ensuring that our clients obtain the highest level of service, and one of our key goals in running any family office is to determine what the objectives are for the family, and usually a trust document will be one of the key features of the services we provide.

For further information on our services, please contact Gavin Fernandes.

We provide a wide range of taxation services to our private clients, including compliance work such as completion of personal tax returns and completing trust tax returns. In addition, we also assist clients with the completion of estate tax returns, and also complete estate accounts for our clients.

We are delighted to provide a proactive tax planning service to our private clients, including regular review of potential taxation implications, and the likely tax implications of investment purchase/disposal decisions. We work closely with wealth advisers to ensure that the tax and accounting angles are considered for our clients.

Please do not hesitate to contact us if you have any questions regarding our services in this area.

Have we convinced you yet?

Please feel free to get in touch via phone email or our quick contact form.

We offer initial free consultations simply contact us to find out more.

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