Tax law is a complex and fast-changing area of legal practice. It governs how individuals, companies and even charities manage their obligations to the state.
Individuals
For private clients, tax lawyers advise on finances, property and investments to minimise liability, such as during a property sale or inheritance planning.
Companies
Businesses use tax specialists when negotiating mergers, acquisitions, restructurings or financing deals, as almost every commercial transaction has tax consequences.
Government
Lawyers can work for the government. HMRC lawyers investigate potential breaches of tax law, bring cases against companies or individuals and defend claims made against the state. They also contribute to the interpretation and enforcement of new tax legislation, which changes frequently.
Areas of Tax Law
Tax law covers a range of subjects, including income, property, capital gains and inheritance tax. Practitioners need strong analytical and communication skills. They must also adhere to the Law Society’s guidance. They must interpret legislation and have the ability to communicate practical advice clearly. Many pursue further qualifications such as Chartered Tax Adviser status.
Qualifying
Aspiring tax lawyers can qualify as solicitors or barristers through routes such as the SQE, LPC or BPC. After gaining the academic qualifications, the final stage in qualifying as a practising tax lawyer is to undergo a two-year traineeship or pupillage. If you’re looking for an established London law firm where you can further your career, you could approach a firm like https://www.forsters.co.uk.
In a traineeship you will typically rotate through various departments – then on completion you can pursue tax law as your specialist area.
