Benedict has a wide range of clients across Trusts, Private Clients and Corporates. Benedict’s work focusses on the day to day running and administration of a number of very large family structures, including multiple trusts, individuals, companies and landed estates. Working closely with the Private Client solicitors, and other departments in the firm, Benedict is able to provide the clients with a complete service for many of their complex and varied needs. Benedict also provides bespoke advice for both UK-domiciled and non-UK domiciled (non-dom) individuals.
Benedict leads a team which covers all aspects of annual trust management and compliance for both onshore and offshore trusts and individuals, including Inheritance Tax (IHT) reporting, annual trust accounts and taxation, ATED returns, NRCGT returns, as well as setting up new trust structures and winding up structures when efficient to do so. Benedict is also very experienced in administering and running large charitable trusts set up by private individuals and families which are becoming increasingly popular in a more philanthropic age. To that end, Benedict can offer clients a full ‘family office’ service, advising on many aspects of business, trusts, personal taxation, and charitable giving.
Benedict has worked as an Accountant since 2012, training in Audit and Financial Services and qualifying as an ICAEW Chartered Accountant (ACA) in 2015. After working in audit for a Top 5 Accountancy Firm, Benedict specialised in Trusts and Taxation, working for two leading London Private Client Accountancy Firms before joining Payne Hicks Beach in October 2019.
Benedict is now a Trust and Tax Director, leading the Trust section of the Private Client Department. Benedict is a Chartered Accountant (ICAEW), Chartered Tax Advisor (CTA), and a full STEP Member (TEP) having recently achieved a distinction overall in the STEP Diploma in Trusts and Estates.
Recent Insights
- Institute of Chartered Accountants in England and Wales (ICAEW)
- The Chartered Institute of Tax
- Society of Trust and Estate Practitioners
- Running and co-ordinating large family trust structures
- Advising on the sale and tax efficient structuring of multi-million pound land sales
- Complex disclosures to HMRC both for individual clients with multiple sources of wealth and for companies looking to regularise their position before de-enveloping and winding up
- Structuring of family trusts and businesses in preparation for future genera#tions taking over
- Advising on the availability of APR and BPR in complex structures in preparation for settling into trust or distributing to future generations.