Top Recommended Tax & Trust Lawyers
After three decades Robert Blower is used to dealing with ‘tremendous complexity’ on a daily basis. ‘I’m looking at my shelf and we now have six big fat yellow books for every year,’ he says, referring to Tolley’s tax guides. ‘It’s unbelievably complicated and that’s a pity, because we have been told consistently through our working lives that the tax laws will be made simpler – in fact the opposite has happened.’
HNWs need not fret, however, when a ‘colossally good lawyer’ like Blower is at hand. He is skilled in private wealth matters ranging from offshore restructuring and landed estates to heritage property. He also has niche expertise in advising on Sharia law compliance for Middle Eastern trusts.
Art collection is an area where Blower sees opportunity for clients, in the shape of offers in lieu of tax. ‘There is a lot of encouragement in the UK tax system to sell assets
to the nation, in effect to pay tax liabilities through the transfer of works of art,’ he explains.
But in some areas, he says, HMRC has made it more difficult for HNWs, particularly over provisions in the non-dom rules introducing additional inheritance tax on properties owned by non-UK residents. ‘One of our worries is that that’s going to be a very difficult tax to collect,’ he says.