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James Amico, Tax and accounts manager at Penningtons Manches

James Amico

Tax and accounts manager (Non solicitor)

Guildford

Areas of expertise: Private client and tax, Private wealth

Profile

James is the Tax and Accounts Manager in Penningtons Manches’ trust and personal tax administration team which is involved in over 500 active trust administrations and the preparation of more than 150 personal tax returns. He joined Penningtons Manches in 2014.

A specialist in the taxation of UK estates and UK trusts, James applies his expertise and technical skill to a variety of client matters, supporting the trusts and tax director in offering accurate and intuitive accounting and tax services. James assists clients in tax planning and has gained substantial experience in mitigating inheritance, income and capital gains tax liabilities. He also advises trustees, executors, non-UK resident companies and individuals on a range of administrative and tax compliance matters including tax disclosures, the trust register and trustee record keeping obligations.

James completed his Association of Taxation Technicians (ATT) examinations in 2017 and is currently studying to become a Chartered Tax Adviser (CTA). ATT and the CIOT are leading professional bodies for those providing UK tax compliance services.

Recent work highlights

  • Regularising the tax affairs of a trust mitigating 90% of the penalties which may have been imposed by HM Revenue and Customs.
  • Advising clients how to mitigate Capital Gains Tax payable on the sale of a rental property.
  • Effectively administering discretionary trusts to minimise the impact of the Rates Applicable to Trusts regime and maximising income tax savings.
  • Assisting non-UK resident companies comply with their income tax obligations.
  • Claiming appropriate reliefs to minimise the amount payable under the Annual Tax on Enveloped Dwellings (ATED) regime.

Penningtons Manches Cooper LLP

Penningtons Manches Cooper LLP is a limited liability partnership registered in England and Wales with registered number OC311575 and is authorised and regulated by the Solicitors Regulation Authority.

Penningtons Manches Cooper LLP