Philip Raggett

Partner

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Profile

Philip advises on a wide range of estate planning matters including inheritance tax and capital gains tax. Amongst other things, Philip assists individuals and families and helps to achieve their objectives in terms of asset ownership and protection. A significant part of the advice relates to and involves the setting up, administration and winding up of trusts and associated tax advice. Philip’s expertise extends to aspects of the ownership and taxation of many different types of asset including businesses, landed estates, the family home and contents as well as investments, life assurance and pension arrangements (all from a point of view of mitigating exposure to inheritance tax and/or capital gains tax).

In the 1990s Philip worked as an in-house solicitor for a large city firm of accountants before joining Warners in 1997. He spent 4 years with asb law in Maidstone before returning to Warners.

If Philip is unavailable please contact, Holly Davies, 01732 747940, h.davies@warners.law

Experience

  • Inheritance tax planning – putting in place arrangements with a view to saving millions of pounds of tax that would otherwise have been payable when the client died in 2015. This involved setting up complicated (and ongoing) trust arrangements.
  • The family business – helping to rearrange a long established family business with a view to passing assets to the next generation and doing so in a tax efficient manner in line with the differing views and requirements of various family members.
  • Offshore trusts – advising on the tax status of various offshore trusts and possibilities to consider in the lead up to various tax changes that are being introduced in 2017.
  • Contested estates – acting in relation to claims brought under the Inheritance (Provision for Family and Dependants) Act 1975 and doing so in a way that by virtue of the drafting of the Court Order, saved millions of pounds in inheritance tax.
  • Tax investigations – assisting in addressing claims by HMRC for substantial amounts of tax and successfully arranging for such claims (again running into millions of pounds) to be dropped (and even negotiating a contribution from HMRC towards costs).

Recognition & Memberships

Full Member of the Society for Trust and Estate Practitioners (STEP)

Legal 500 – 2021 – Recommended Lawyer
Warners Solicitors offer clients expertise in a range of areas of private client work. They handled matters ranging from deeds of variation to Court of Protection matters, to the creation of deeds of advancement. Many of the firm’s Kent-based clients have assets abroad.

Chambers & Partners HNW Guide 2020
Philip Raggett is regarded as a “very sound lawyer” who provides “practical advice and is easy to deal with.” He regularly advises clients on Inheritance Tax and Capital Gains Tax, in addition to other estate planning matters. Multiple sources describe Raggett as a “good technician.”

Legal 500 – 2020 – Recommended Lawyer

Recommended Lawyer  in Personal Tax, Trust & Probate and Family
Chambers & Partners HNW Guide 2019
Philip Raggett regularly advises wealthy clients on trust matters and also assists with Inheritance Tax and Capital Gains Tax planning. “He’s good, I know him very well. He’s an excellent tax planning lawyer and I have referred to him when we couldn’t take on a matter,” says a fellow solicitor. Another source states: “I am impressed with his knowledge of trust law and his wealth of experience.”

Legal 500 – 2019 – Recommended Lawyer
Recommended Lawyer  in Personal Tax, Trust & Probate and Family

Chambers & Partners HNW Guide 2018
Philip Raggett has a “good reputation” for private client work, according to market commentators. His practice sees him acting for high net worth individuals in tax and estate planning matters. Raggett has a particular focus on Capital Gains Tax and can also advise clients on offshore trusts and family business issues.

Chambers & Partners HNW Guide 2017
Philip Raggett is a tax planning specialist. He advises high net worth clients on Inheritance Tax mitigation, as well as estate planning and the administration of estates. Raggett also helps clients with will preparation and the creation and administration of trusts. A market insider says that “he’s good on tax planning” and notes his “sensible advice.”

Chambers & Partners 2017
Philip Raggett advises wealthy clients on all aspects of estate and capital tax planning. He is also known for his considerable expertise in matters concerning wills and trusts.

News & Insights

Commentators particularly highlight the firm for its approach to client service. "I have always found Warners to be highly efficient and professional in all respects," states an interviewee. Another source says: "Warners have a friendly but professional feel to their business. Individuals within the organisation tend to be able to communicate effectively and pass on relevant information quickly."


Chambers & Partners HNW

Philip Raggett is a tax planning specialist. He advises high net worth clients on Inheritance Tax mitigation, as well as estate planning and the administration of estates. Raggett also helps clients with will preparation and the creation and administration of trusts. A market insider says that "he's good on tax planning" and notes his "sensible advice."


Chambers & Partners HNW

Philip Raggett regularly advises wealthy clients on trust matters and also assists with Inheritance Tax and Capital Gains Tax planning. "He's good, I know him very well. He's an excellent tax planning lawyer and I have referred to him when we couldn't take on a matter," says a fellow solicitor. Another source states: "I am impressed with his knowledge of trust law and his wealth of experience."


Chambers & Partners 2020