Tax Planning Questionnaire

Tell us about your situation — we'll build your strategy

Chartered Accountants ~15 minutes

Getting started Confidentiality

Before we begin

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🔒 Confidentiality Statement

All information you provide in this questionnaire is treated as strictly confidential. It will only be used by LOYALS Accountants & Business Consultants for the purpose of preparing your personalised tax strategy. We will never share your information with any third party.

LOYALS operates under ICAEW professional standards and is fully compliant with UK GDPR. Your completed strategy will be delivered on a secure, password-protected portal accessible only with your unique login credentials.

I understand and wish to continue

Your background

This helps us understand which tax rules apply to you.

What is your nationality and country of birth?

Which country do you live in, and how long have you lived there?

Have you been UK tax resident for the full current tax year?

Yes

Not sure

Your work and income

Helps us understand your overall tax position.

What is your marital or civil partnership status?

Single

Married / Civil Partner

Divorced / Separated

Widowed

What is your employment status?

Employed (PAYE)

Self-employed

Director of a limited company

Retired

A combination of the above

What is your approximate total annual income?

Under £50k

£50k–£100k

£100k–£250k

£250k–£500k

£500k–£1m

Over £1m

A couple more things

These help us scope the right service for you.

Does your spouse or partner have their own income, savings, or assets?

Yes

Not applicable

Do you currently have an accountant or tax adviser?

Yes — looking to replace them

Yes — want a second opinion

What do you need help with?

Select every area that applies to your situation. The form will ask follow-up questions only for what you choose.

✓ Select one or more

📈 Capital Gains TaxSelling assets, shares, property

🏠 Inheritance TaxEstate planning, gifts, trusts

🌎 International TaxMoving countries, multi-jurisdiction

🏢 Property TaxPortfolio, incorporation, SDLT

💼 Income & Profit ExtractionSalary, dividends, pensions

💰 Business Sale & ExitBADR, restructuring, exit

Capital Gains Tax

Tell us about the asset you're selling or planning to sell.

What type of asset are you selling or planning to sell?

Residential property

Commercial property

Shares in a private company

Shares in a listed company

Cryptocurrency

Other (please describe in comments)

Have you already sold the asset, or is the sale planned for the future?

Already sold

Planned — within the next 6 months

Planned — more than 6 months away

Just exploring my options

The numbers

Approximate figures are fine — we just need a sense of scale.

What was the approximate purchase price or acquisition cost?

What is the approximate current value or expected sale price?

How long have you owned the asset?

Was the asset inherited, gifted to you, or did you purchase it?

Purchased it myself

Inherited it

Received it as a gift

Transferred from a spouse/partner

Have you spent money on improvements or enhancements to the asset (e.g. renovations, extensions)?

Is the asset located in the UK or overseas?

Overseas

A few more details on this asset

These help us identify which reliefs and allowances may apply.

If it is a residential property, have you ever lived in it as your main home?

Yes — I still live there

Yes — but I've moved out

No — never lived in it

Not applicable — it's not a property

Have you used your CGT annual exempt amount (currently £3,000) this tax year already?

Yes

Not sure

Do you have any capital losses from previous years that have not been used?

Yes

Not sure

Have you been told you might qualify for any tax reliefs on this sale, or would you like us to assess what is available?

Yes — I've been told about possible reliefs

Please assess what's available for me

Additional CGT details

These help us build the most complete strategy for your disposal.

Are you selling just one asset, or do you have multiple disposals planned?

Just one asset

Multiple assets

If multiple, briefly describe the other assets and their approximate values (if applicable)

Have you made any other disposals (sales of assets) in the current tax year already?

Yes

Not sure

If the asset is company shares, are they held under an EMI, SEIS, EIS, or other tax-advantaged share scheme?

Yes — EMI scheme

Yes — SEIS or EIS

No share scheme

Not sure

Not applicable — not shares

Has your spouse or partner already used their own CGT annual exempt amount this tax year?

Yes

Not sure

No spouse or partner

Inheritance Tax & Estate Planning

Let's understand the shape of your estate.

What is the approximate total value of your estate (property, investments, pensions, savings, other assets)?

Do you own a main residence, and if so what is its approximate value?

Do you have a current will, and when was it last reviewed?

Yes — reviewed in the last 3 years

Yes — but not reviewed recently

No — I don't have a will

Do you have any existing trusts in place?

Yes

Not sure

Can you give us a rough breakdown of your estate — approximately how much is in property, investments or savings, pensions, and other assets?

Family and gifts

This helps us assess your nil-rate band and gifting position.

Do you have children or other dependants you wish to provide for?

Yes

Have you made any gifts in the last seven years? If so, what was the approximate total value?

Do you have any pensions, and if so what is the approximate total value?

Pensions can be very tax-efficient for IHT planning as they often sit outside your estate.

Do you have life insurance, and if so is it written in trust?

Yes — and it's in trust

Yes — but not in trust

No life insurance

Not sure

Is your spouse or partner UK domiciled?

Yes

Not sure

No spouse or partner

If your spouse is not UK domiciled, the spousal exemption for IHT is capped at £325,000 instead of being unlimited.

Would you consider leaving a charitable legacy in your will?

Yes

Open to it

Leaving 10% or more of your net estate to charity reduces the IHT rate from 40% to 36%.

Additional estate details

A few more things that affect your IHT position.

Do you own any business assets that might qualify for Business Property Relief?

Yes

Not sure

Do you own any agricultural land or property?

Yes

If you are widowed, has any unused nil-rate band from your deceased spouse been claimed or is it available?

Yes — available

Already claimed

Not applicable

Not sure

Are any of your assets located outside the UK?

Yes

What is your country of domicile?

Domicile is different from where you live — it's about where you consider your permanent home, or where your family roots are. If unsure, tell us where your father's permanent home was when you were born.

Is there a specific concern driving your enquiry (for example, a recent diagnosis, a family event, or a desire to start gifting)?

Do you have a Lasting Power of Attorney in place?

Yes — for finances

Yes — for health and welfare

Both

Not sure

International Tax & Relocation

Tell us about your cross-border situation.

Are you planning to leave the UK, arrive in the UK, or are you already living between multiple countries?

I'm planning to leave the UK

I'm arriving or have arrived in the UK

I already live between multiple countries

Which countries are involved, and what are the approximate dates of your move?

How many days per year do you expect to spend in the UK after the move?

This is important — the number of days you spend in the UK each year is one of the key tests HMRC uses to determine your residence status.

Your ties and connections

These factors affect your UK tax residence status.

Will you be employed, self-employed, or retired in the new country?

Will you maintain a home in the UK after departure?

Yes

No — selling or letting it

Undecided

Do you have a spouse or partner, and will they be moving with you?

Yes — moving together

Yes — but they're staying in the UK

No partner

Do you have children in UK schools?

Yes

Income and assets across borders

We need to understand where your money sits globally.

In which countries do you currently have income, and roughly what type (employment, rental, investment, pension, business profits)?

In which countries do you currently hold assets (property, bank accounts, investments, business interests)?

Do you hold any Tax Residency Certificates from any country?

Yes

Not sure

Do you have any UK bank accounts, ISAs, or investment accounts you intend to keep?

Yes

Have you already taken any steps with HMRC regarding your move (e.g. filed a P85, notified your employer)?

Yes

Not sure what this means

Do you have any UK-source income that will continue after you leave (e.g. UK rental income, UK pension, UK dividends)?

Do you have a UK state or private pension you may want to access while living abroad?

Yes

Not sure

Are you planning to return to the UK in the future, and if so roughly when?

Yes — within a few years

Possibly

No — permanent move

Property Tax Planning

Tell us about your property portfolio.

How many properties do you currently own?

Are they residential, commercial, or a mix?

All residential

All commercial

A mix of both

How are they held (personal name, jointly, or through a limited company)?

In my personal name

Jointly with my spouse/partner

Through a limited company

A mix of the above

Property financials

Approximate figures are absolutely fine.

What is the approximate total value of your property portfolio?

What is the approximate total rental income per year?

Do you have mortgages on the properties? If so, what is the approximate total outstanding mortgage debt?

What is your current marginal income tax rate?

Basic rate (20%)

Higher rate (40%)

Additional rate (45%)

Not sure

Plans and considerations

This helps us focus on what matters most for your strategy.

Are you planning to buy any property in the next twelve months? If so, will it be an additional property or a replacement for your main home?

This affects stamp duty — additional properties attract a 3% surcharge.

Are you considering selling any properties?

Yes

Possibly

Have you considered or been advised to incorporate your property portfolio into a limited company?

Yes — I've been advised to look at it

Interested but haven't looked into it

Are any of your properties furnished holiday lets?

Yes

Are you currently claiming allowable expenses (agent fees, repairs, insurance) or using the property income allowance?

Claiming actual expenses

Using the £1,000 property income allowance

Not sure

Ownership and tax details

These details are essential for your property tax strategy.

If any properties are jointly owned, what is the ownership split?

Have you filed a Form 17 declaration with HMRC to change the income split with your spouse?

Yes

I don't know what this is

Not applicable

Form 17 lets married couples split rental income in a different ratio to their ownership share. This can save significant tax.

Are you affected by the Section 24 mortgage interest restriction on your residential lettings?

Yes

Not sure

I don't know what this is

Since April 2020, residential landlords can only claim a basic rate tax credit for mortgage interest, not a full deduction. This particularly affects higher-rate taxpayers.

Are any of your properties opted to tax for VAT purposes?

Yes

Not sure

For any commercial properties, are you claiming capital allowances?

Yes

Not applicable — no commercial properties

Not sure

Income & Profit Extraction

Tell us about your business and how you currently take money out.

Do you operate through a limited company, as a sole trader, or through a partnership?

Limited company

Sole trader

Partnership or LLP

If a limited company, are you the sole director and shareholder, or are there others?

Just me

There are other directors or shareholders

Not applicable

What is the approximate annual turnover of your business?

What is the approximate annual profit before tax?

Do any of your contracts fall inside IR35 (off-payroll working rules)?

Yes

Not sure

Not applicable

How much does the company currently hold in retained profits (cash reserves)?

Do you have a director's loan account, and if so is it overdrawn or in credit?

In credit

Overdrawn

No director's loan account

Not sure

How you take money out

This is the core of your extraction strategy.

How much do you currently pay yourself in salary per year?

How much do you currently take in dividends per year?

Do you have any other sources of personal income outside the business (rental income, investments, employment elsewhere)?

Are you currently contributing to a pension, and if so how much per year?

Planning ahead

A few final details for your income strategy.

Do you have unused pension annual allowance from the last three tax years?

Yes

Not sure

Do you have employees on your payroll?

Yes

Do you have a spouse or partner who could be involved in the business or hold shares?

Yes — already involved

Yes — could be, but isn't yet

Are you considering any major changes to your business structure in the next twelve months (taking on partners, incorporating, merging)?

Business tax details

These affect how we optimise your extraction strategy.

Is your business VAT registered? If so, which scheme are you on?

Yes — standard VAT scheme

Yes — flat rate scheme

Yes — not sure which scheme

No — not VAT registered

Does the business have significant capital expenditure (equipment, vehicles, tools)? If so, approximately how much per year?

Do you use a company car, or do you use your personal vehicle and claim mileage?

Company car

Personal car — I claim mileage

Neither

Both

Does your business carry out any innovative or technical work that might qualify for R&D tax credits?

Yes

Not sure

Do you work from home, and if so do you claim home office expenses through the business?

Yes — claiming expenses

Yes — not claiming

No — I don't work from home

Does the company have any corporation tax losses carried forward from previous years?

Yes

Not sure

Business Sale & Exit Planning

Tell us about the sale or transition you're planning.

What type of business are you selling — a limited company (shares), a sole trader business (assets), or a partnership interest?

Limited company (selling shares)

Sole trader business (selling assets)

Partnership interest

What is the approximate expected sale value?

How long have you owned the business?

Are you selling to an external buyer, a management team, a family member, or a partner?

External buyer

Management team

Family member

Business partner

Not sure yet

Relief eligibility

These questions help us assess whether Business Asset Disposal Relief applies.

Do you hold at least 5% of the ordinary shares and voting rights in the company?

Yes

Not sure

Have you been an officer or employee of the company for at least two years?

Yes

Have you previously claimed Business Asset Disposal Relief, and if so how much of your lifetime limit have you used?

Yes — I've claimed before

No — never claimed

Not sure

Does the company hold significant non-trading assets (investment property, large cash reserves, investments)?

Yes

Not sure

If non-trading activities exceed 20%, Business Asset Disposal Relief may not be available.

Exit details

Last few questions about how the sale will work.

Are you planning a complete exit or a partial sale?

Complete exit — selling everything

Partial sale — keeping some involvement

Will you continue to work in or consult for the business after the sale?

Yes

Possibly

Do you want to reinvest the proceeds into another business?

Yes

Possibly

What is your expected timeline for completing the sale, and is any earn-out or deferred payment expected?

Pre-sale and post-sale planning

This helps us maximise your position before and after the transaction.

Has the company made — or could it make — employer pension contributions before the sale?

Large employer pension contributions before a sale can be a very tax-efficient way to extract value.

Does the company have any outstanding HMRC debts, open tax enquiries, or unresolved corporation tax liabilities?

Yes

Not sure

Will the buyer require you to sign a non-compete or restrictive covenant agreement?

Yes

Not sure

Not discussed yet

Payments for non-compete agreements are taxed as income, not capital gains, so the tax treatment differs significantly.

What do you plan to do with the sale proceeds?

Anything else?

This is your space to tell us anything that doesn't fit the questions above.

Additional comments (optional)

How did you hear about LOYALS?

Nearly there — your details

So we can send you your scoping quote and deliver your strategy.

Something went wrong — please try again or contact us at kris.nick@loyals.uk

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Your Tax Planning questionnaire has been received.

What happens next

A chartered tax adviser reviews your answers within 48 hours

You receive a fixed-price invoice based on the complexity of your situation

Once approved, we build your personalised tax strategy and deliver it to your secure portal

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