Marc King

Marc has spent much of his career advising clients with complex requirements, including business participants and clients with taxable estates and assets overseas.

He strongly believes that the best results are found by working closely with a client’s existing advisers. Marc says, “A client’s accountant or IFA will often have valuable insights and a good conversation at the outset will help identify the client’s needs very quickly and ensure that the client receives clear and coherent advice from all of their advisers.”

Cases Marc has advised upon include:

• Using option agreements backed by life cover to finance the succession plan for a business in the event of the death of a shareholder.
• Converting a debt interest in a business to an equity stake by way of a rights issue to enable Business Property Relief (for Inheritance Tax) to be immediately available.
• Analysing businesses to identify whether Business Property Relief is likely to be available and suggesting structural changes to enhance the likelihood of qualifying.
• Using discretionary trusts to mitigate Capital Gains Tax on gifts of property and shares.
• Using Discretionary Trusts in wills to provide flexibility on death to enable the availability of Agricultural Property Relief and Business Property Relief to be tested.
• Advising on the restructuring of family trusts to achieve lower administration costs and greater tax efficiency.

Marc has appeared as a guest speaker for organisations and charities on a variety of subjects and has devised in-house training for trainee and junior lawyers to develop their skills and help firms adhere to best practice. He has also provided consultancy services to smaller firms to assist them with complex cases.

Marc completed his law degree at Birkbeck College, University of London.