Jessica is a Trainee Tax Adviser in the Private Wealth team and assists in providing a full, bespoke, tax compliance service for a wide range of individuals, trusts and estates.
Jessica helps to manage a broad portfolio of clients and is responsible for the preparation of the majority of tax returns and income tax repayment claims. She deals with all aspects of compliance and liaises with HM Revenue & Customs and other third parties as required.
Examples of individuals the tax team represent include landlords, high net worth individuals, sole traders, partners, beneficiaries of trusts and taxpayers with residency issues and/or foreign income.
The team also provide tax consultancy advice for both UK and international clients with multi-jurisdictional tax affairs, in respect of tax efficient personal wealth planning in the UK.
- Calculating a client's annual allowance for tax relief on pension savings; advising on the maximum pension contributions permitted to be made in the current tax year before incurring a charge to income tax on excess contributions.
- Annual Tax on Enveloped Dwellings ('ATED') Returns and ATED Capital Gains Tax ('CGT') Returns: completing and submitting ATED & ATED CGT Returns for companies that own or have disposed of a UK residential property valued at £500,000 or more and advising on the ATED annual charge or CGT payable.
- Non-Resident Capital Gains Tax ('NRCGT') Returns: processing and submitting NRCGT Returns for Non-UK Resident individuals who have disposed of a UK residential property and advising on the amount of tax payable.
- Disposal of Enterprise Investment Relief ('EIS') shares: helping to evaluate and calculate the tax consequences of a disposal of EIS shares where EIS deferral relief and income tax relief had originally been obtained on the subscription of the shares. The EIS shares were sold at a loss and therefore, it was also necessary to consider whether a s.131 claim i.e. setting the loss against the client's income, rather than capital gains would be beneficial in their particular circumstances.