Having graduated from Exeter with a degree in law joined Monro Pennefather & Co as a Trainee Solicitor in 1996. Nicholas has been a Partner since 2003 and heads up our Private Client team. Nicholas is also the registered Training Principal for our Trainee Solicitors and has participated in the BPP Access to Practice scheme for a number of years, mentoring students on the Legal Practice Course.

Nicholas advises high net worth UK and international families and trustees across a broad range of areas including tax, succession planning and trusts. He regularly advises on the creation and use of powers of attorney and trusts for the protection of vulnerable beneficiaries. He also advises a number of landed families in connection with relevant tax reliefs, such as IHT Agricultural Property Relief, and also individuals in connection with CGT Entrepreneurs’ Relief and IHT Business Property Relief, working closely with our Property and Business teams and also with the client’s investment and accountancy advisers.

Nicholas was admitted to the Society of Trust & Estate Practitioners in 2007 and advises on residence and domicile issues including the statutory residence test, ownership and use of property situated in the UK and the interaction with offshore trusts.

Out of the office Nicholas is busy bringing up his young family in the countryside and regularly participates in ultra-marathons.

Recent Work

  • Assisting UHNWIs with offshore and onshore structures for succession planning and charitable gifting;

  • Reviewing the ownership of super-prime residential properties held via offshore corporate structures and implementing necessary changes driven by amended IHT rules;

  • Advising dynastic families with assets in multiple jurisdictions in connection with wills, powers of attorney, applicable succession laws and overall strategy;

  • Helping family members following a diagnosis of terminal illness with planning for the needs of present and future generations;

  • Successfully completing length and complex negotiations with HMRC Capital Taxes with regard to IHT relief for Agricultural Property including mixed-use and multi-generational farming businesses and Business Property including overseas structures with shares in a holding company controlling a plc;

  • Arranging the formal succession of a peerage by a deceased client’s eldest son with the related application to the House of Lords.

The International Tax Planning Association