Palmer Smith Tax Services brings considerable taxation experience to the benefit of local businesses and private clients facing taxation issues.

As principal of Palmer Smith, Chris Smith is able to offer over twenty years specialist experience in business and personal taxation, gained in the accountancy profession. Chris’ professional career started in 1971 with a large national accountancy practice, whilst prior to starting Palmer Smith he provided the tax technical expertise for many years in one of the larger local practices. He believes that the value in his advice flows from the ability to marry an understanding of tax law with the circumstances and needs of his clients. This is enhanced by his professional roots in accountancy and audit, as an understanding of accounts is fundamental in business taxation. This mix of experience has also enabled Chris to accumulate a sound understanding of business valuation matters, most specifically when valuations are required for fiscal purposes.

Services include:

Personal & Trustee Taxation

• Self Assessment and Tax Return Compliance matters
• Taxation of the self-employed
• Capital gains tax issues, especially around land and property
• Property taxation including SDLT
• Residence and domicile issues
• Taxation aspects of wealth management
• Deceased Estates
• Offshore trust taxation

Corporate Taxation

• Self assessment and Tax Return compliance matters
• Maximising capital expenditure relief
• Corporate reconstructions including de-mergers and partitioning of activities
• Exit and succession strategies
• Special reliefs; notable in respect of intangibles, and research and development

Employee Taxation

• Remuneration planning
• Termination issues
• Share Schemes

Valuations

• Valuations for connected persons and employees
• Valuations for corporate divorces and member exits