Richard acts for 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.
Richard speaks at events hosted by the Country Land & Business Association (CLA) addressing capital gains tax, inheritance tax 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.
Richard is a member of the firm’s Management Board.
Key experience
- Providing advice to a family who own a landed estate, in relation to their plans for succession and the steps required to enhance tax reliefs available.
- 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 income 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 capital gains tax and inheritance tax implications.
Interests
Richard and his wife live in 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, plus Japan in 2019 to mix culture with the Rugby World Cup. The map on his office wall is frequently reviewed for future reference. He is a Governor at Truro School and is also a member of its Finance Committee. He enjoys watching many sports and endures being a lifelong supporter of Coventry City.