John Feaster, LLB, CTA, TEP is taxation partner. He qualified as a tax lawyer with Eversheds LLP specialising in property taxes. He became a chartered tax adviser in 2007 and joined Schofield Sweeney in October 2011.
In addition to advising on tax matters relevant to private clients and the structuring of estates through family investment companies and trusts, John is a recognised expert in Stamp Duty Land Tax, having written a leading practitioner text book on the subject, now in its Sixth Edition and playing an active role in the Stamp Taxes Practitioners Group of CIOT.
Work highlights include:
- Advising on the creation of a family investment company, wills, lifetime discretionary trusts, life interest trusts and the creation of a bare trust for a high net worth married couple with adult children and minor grandchildren. Grandchildren’s school fee planning set aside in excess of £1million to pay school fees for grandchildren in a highly inheritance tax and income tax efficient manner.
- Lead adviser in relation to an enquiry and subsequent dispute with HMRC regarding the purchase of a high value property in Westminster through an SPV. Relief was claimed from the punitive 15% slab charge to SDLT on the purchase. The original intention to convert the property into 6 apartments and then to 2 was thwarted by Westminster Council. HMRC sought to impose the punitive 15% slab charge to SDLT. Through specialist advice on SDLT and procedural matters regarding the conduct of the enquiry HMRC conceded that no further tax was due through a formal review process.
- Providing a leading role role on tax and legal structuring of a capital reduction demerger of a substantial taxi and property investment company. The advice facilitated the demerger of the business to split the property investment and core trading activities, allowing a senior employee to obtain share options in relation to the demerged trading side of the business.
John is also a regular speaker; speaking at the Chartered Institute of Tax Autumn Residential and the PSG Property Matters conferences. He is a regular trainer at seminars involving solicitors/ accountants/ financial advisers.
You can also read a Q&A John did with the Yorkshire Post here