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Tax accounting covers how individuals manage tax obligations and assets, including planning to use reliefs and exemptions while staying compliant with HM Revenue & Customs rules. A solicitor in this area helps with self assessment decisions, inheritance tax planning, capital gains considerations, and trusts, and may prepare or review papers used to settle disputes with HMRC or to reflect accurate asset and income positions. They also advise on structuring estates and investments to optimise tax outcomes and handle any HMRC investigations or disputes that arise.
