Richard heads up the Bristol office's Private Wealth and Estates Group and is responsible for the delivery of tax services to all local clients.
He acts for an eclectic mix of clients, which include wealthy individuals, families and trustees who own and manage rural landed estates, senior executives of national/international companies, professional partnerships and more traditional owner-managed businesses.
The majority of his clients have significant wealth, often invested in land and property and have tax affairs with a level of complexity that require regular discussions and meetings. Being able to explain complicated tax-related matters in a way that everyone can understand is essential to Richard being able to continue to undertake his role successfully. The conflicting interaction between the taxes and how this affects clients is a frequent issue that Richard addresses. Each case has its own differing set of circumstances and challenges.
Richard speaks at events hosted by the Country Land & Business Association (CLA) addressing Capital Gains Tax (CGT), Inheritance Tax (IHT) and the use of trusts with regard to agricultural and rural businesses and their owners. He is also a regular speaker at seminars and events held by other professional advisers.
- Providing advice to a family who own a landed estate, in relation to their plans for succession to the next generation and the steps required to enhance tax reliefs available.
- Ongoing advisory work to a multi-national company with a mobile workforce, in relation to the UK tax obligations it faces in employing overseas workers and sending UK employees overseas.
- Discussing the ways in which particular assets could pass to the next generation of a wealthy family without crystallising immediate tax liabilities and planning for future income streams.
- Providing advice to a significant property portfolio owner about ways in which their annual inflow of funds could be altered to reduce the annual tax burden and providing a strategic plan to do so.
- Advising the owners and directors of a successful trading company of the most beneficial way in which their expanding number of business ventures could be structured to minimise annual tax liabilities, but with a view to future CGT and IHT implications.
Richard lives with his wife Tracey and has a son in his twenties. They share their time between Bristol and Cornwall. Holidays to interesting and cultural places are high on the interest list and trips abroad have taken Richard to Borneo, Galapagos, India, China and Vietnam. The map on his office wall is frequently reviewed for future reference. He is a Council Member of Clifton College and is actively involved on two of it’s committees. He enjoys watching many sports and is a keen supporter of Coventry City Football Club.