UK TRUST MANAGEMENT,

CHARITY ADMINISTRATION

AND TAX SERVICES

How we can help

UK TRUST MANAGEMENT, CHARITY ADMINISTRATION AND TAX SERVICESOur experienced private client tax and trust management team offer specialist advice to help trustees and individuals manage, protect and grow their wealth.

We take a proactive approach to trust management and administer numerous family trusts, foundations and grant making charities on behalf of our clients.

TRUST AND CHARITY MANAGEMENTWorking with our clients, we understand the commitment needed to effectively manage a family or charitable trust. For many, a trust has been in place for generations, and requires meticulous administration of detailed records. As a result, our aim is to relieve the burden of time-consuming and complex trust management by offering a fully bespoke service, including direct communication with trustees, beneficiaries, financial and other relevant professional advisers and HMRC.

We have many years of experience in managing trusts with a variety of different asset classes, including traded stock market investment portfolios, residential and commercial property, landed estates, trading companies and works of art. Services to trustees include:• administering trust assets;• monitoring investment performance and dealing with

investment managers;• advising on trustee duties and requirements;• advising trustees, attending meetings, liaising with

professionals;• preparing annual or periodic trust accounts;• advising on income tax, capital gains tax and

inheritance tax issues;• day-to-day book keeping;• making income and capital distributions;• income and capital gains tax returns;• dealing with the Foreign Account Tax Compliance Act

(FATCA);• advising trustees and beneficiaries affected by the

French Finance Law of 2011;• inheritance tax returns; and• winding up trust arrangements.

In addition, the team also offers charity specific advice to grant giving trusts and foundations, including:• organising grant and award payments;• preparation and submission of annual returns;• preparation of the trustees’ annual reports;• drafting of trustees’ policy statements; and• dealing with gift aid and tax reclaims.

“Bircham Dyson Bell ‘really knows its stuff’, and has ‘some very capable lawyers’.” Legal 500 UK 2017

UK TAX COMPLIANCE FOR INDIVIDUALS AND TRUSTSWe advise individuals, beneficiaries and trustees, whether UK resident or non-resident, on completion of their annual income tax and capital gains tax returns and provide clear and practical advice on a range of tax compliance issues. Where appropriate, we work with advisers in other jurisdictions to find the best solution for you in relation to:• income tax and capital gains tax returns;• property ownership;• inheritance tax returns;• moving abroad;• ATED returns;• becoming UK resident;• non-resident landlord scheme;• offshore trustee and beneficiary tax issues; and• tax investigations.

GET IN TOUCH

Hamish Frost (Senior Trust Manager)E hamishfrost@bdb-law.co.uk T +44 (0)20 7227 3707Hamish heads up the trust management team in the private wealth department at the same time as managing his own large and diverse portfolio of trusts. Hamish deals with the UK tax compliance aspects for all relevant taxes affecting UK resident trusts, as well dealing with the day to day management of trust assets, with a particular focus on trustee investing. In addition to assisting UK trustees, Hamish advises a number of offshore trustees where they have UK resident beneficiaries. Hamish started his career with PwC in Jersey, where he spent five years looking after a portfolio of trusts and multinational special purpose vehicles before spending a short time working for an MRI international firm in Yorkshire. Hamish joined BDB in 2002.

Helen D’Monte (Senior Trust Manager)E helendmonte@bdb-law.co.uk T +44 (0)20 7783 3685Helen has been at BDB since 1988 and has a long history of managing UK family trusts. Helen also acts as secretary to a number of grant giving charities. Helen is a fellow of the Chartered Institute of Legal Executives.

Michelle Newman (Trust Manager)E michellenewman@bdb-law.co.uk T +44 (0)20 7783 3699Michelle manages a large portfolio of trusts including grant giving charities. Michelle completed the Graduate Diploma in Law at The College of Law and is now a Graduate Member of the Chartered Institute of Legal Executives. Michelle joined BDB in 2006.

Julia Strike (Senior Trust Manager)E juliastrike@bdb-law.co.uk T +44 (0)20 7783 3547Julia has over thirty years’ experience in trust management, dealing with all accounts and tax compliance matters, IHT calculations and returns, and advising trustees and beneficiaries on various matters. Julia started her career in the trust department of Chantrey Vellacott and joined BDB in 2013. She is a member of the Society of Trust and Estate Practitioners.

“The firm has a very good reputation in private client, and justly so – they have a very strong client base and look after their clients very well.” Chambers and Partners UK 2018

Paul Gallagher (Tax Director)E paulgallagher@bdb-law.co.uk T +44 (0)20 7783 3681Paul is the firm’s senior personal tax manager. He joined BDB in January 2000 and has more than 25 years’ taxation experience, having previously worked for firms of accountants after training with HMRC. His main focus is on personal taxation and he advises individuals with both a UK and foreign/offshore dimension. The latter include both resident and non-resident foreign domiciliaries. He also advises non-resident companies owning properties in the UK.

“Well known for traditional private client work and a good player in the market.” Chambers and Partners UK 2018

“Bircham Dyson Bell has an impressive and in-depth knowledge and understanding of the charity sector and provides practical advice and excellent administrative support.” Chambers and Partners UK 2018

HOW TO FIND US

FIND US ON

© Bircham Dyson Bell LLP 2018 50 Broadway London SW1H 0BL 51 Hills Road Cambridge CB2 1NT T +44 (0)20 7227 7000

www.bdb-law.co.uk

enquiries@bdb-law.co.uk

www.bdb-law.co.uk/blogs

This publication is not meant as a substitute for advice on particular issues and action should not be taken on the basis of the information in this document alone.

This firm is not authorised by the Financial Conduct Authority (the FCA). However, we are included on the register maintained by the FCA (www.register.fca.org.uk) so that we can offer a limited range of investment services (including insurance mediation activities) because we are authorised and regulated by the Solicitors Regulation Authority (the SRA). We can provide these services if they are an incidental part of the professional services we have been engaged to provide. Mechanisms for complaints and redress if something goes wrong are provided through the SRA and the Legal Ombudsman.

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Bircham Dyson Bell LLP is a member of Lexwork International and Eureséau, two associations of independent law firms. www.lexwork.net | www.eureseau.com.

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