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Elizabeth Nicholas, Senior Associate at Penningtons Manches

Elizabeth Nicholas

Senior associate

Guildford

Areas of expertise: Private client and tax, Private wealth

Profile

Elizabeth qualified as a solicitor in 2005 and is a senior associate in the private client team in Guildford. She joined Penningtons Manches Cooper in 2017, having previously worked for over ten years at a leading law firm based in the City.

Elizabeth advises wealthy individuals on a broad range of UK tax and estate planning matters, focusing in particular on capital gains tax and inheritance tax planning. She has substantial experience in the taxation of UK resident non-domiciled individuals and the cross-border structures used by such clients for wealth protection and tax planning purposes. Elizabeth also regularly advises trustees (both UK resident and non-UK resident) on a range of trust law and UK tax issues.

In 2011, Elizabeth spent six months on secondment at a leading UK private bank, gaining important additional experience in wealth management. She is a member of STEP, the leading organisation for private wealth professionals. 

Recent work highlights

  • Advising on restructuring the ownership of a UK residential property in light of legislative changes.
  • Assisting trust beneficiaries on creating a sub-fund of a restrictively drafted trust to fit the clients’ different tax objectives.
  • Advising on the creation of a wealth management and holding structure for clients looking to pass wealth down to future generations; this included the creation of trusts for great-grandchildren, a regulated investment management limited liability partnership, and family investment companies.
  • Preparing complex letters of wishes and other family governance documents; advising on cross border succession and tax planning for the ultra high net worth head of the family.

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