| Call 1985
Experience and Expertise
Piers Feltham advises domestic and foreign private clients on all aspects of Inheritance Tax, Capital Gains Tax, Stamp Duty Land Tax and Income Tax (relating to trusts), including recently:
- Drafting appointments under trusts so as to carve up an estate and give rights such as easements and restrictive covenants to the beneficiaries over each others’ parcels without creating liability to Stamp Duty Land Tax;
- variation of a trust to prevent a minor inheriting substantial capital at 18 and achieve Capital Gains Tax benefits;
- advising in relation to a Deed of Variation whereunder nil rate shares were passed into a discretionary trust with the possibility that widower might then seek to buy the shares from the trustees in consideration for a covenant to pay their then market value on demand, including consideration of relevant property regime charges, disclosure of tax avoidance schemes legislation, s103 Finance Act 1986, associated operations and Furniss v Dawson;
- advising on the relevant property regime in relation to discretionary pension trusts and the rate of charge on distributions from a life policy trust;
- advising on business property relief in relation to tv/radio intellectual property rights in a well known show and simlar advice in relation to the works of a well known artist;
- advising on agricultural property relief in relation to a complex farming partnership structure and semi retired widow;
- advising on and drafting appointment and deed of variation to channel shares which had risen in value into nil rate fund;
- advising and drafting appointments from a family trust to ensure no creation of a new settlement for CGT purposes;
- advising trustees of family settlement on allocation of IHT liability between sub-funds;
In Lake v Lake  STC 865 Piers appeared successfully in what became a leading authority establishing the ability of parties who are not in dispute retrospectively to rectify a Deed of Variation of a will that has by reason of a mistake had an adverse tax consequence.
Piers is a member of the Chancery Bar Association, the Society of Trusts and Estate Practitioners and the Association of Trusts and Probate Specialists.