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Frank Strachan

Partner, Head of Tax

Specialism: Lawyers Tax, Estate Planning, Corporate and Regulatory

Company: Edwin Coe

Location: London, England

Citywealth rating

5
Average: 5 (2 votes)
Fee Level:
5
Average: 5 (2 votes)
Quality of Advice
5
Average: 5 (2 votes)
Communications Skills
5
Average: 5 (2 votes)
Interpersonal Skills
5
Average: 5 (2 votes)
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Peer review:

Frank Strachan is a key player and figurehead within the market. He is by far the best I have worked with in his chosen field. He is an absolute all-rounder. Frank's ability to master and explain highly complex matters is exceptional and the advice he gives is entirely solution-driven, making him the obvious choice for ultra-high net worth individuals and large corporations. You really would want no other and this is evidenced by his ability to retain clients who are of some significant standing.

13 Feb 2018

Peer review:

Exceptional adviser with clear focus on positive commercial outcomes. A great strategic thinker.

24 Jul 2017

Peer review:

I´ve come to know Frank as a dedicated and very professional tax lawyer, particularly in relation to resident non-domiciled issues. One major advantage when it comes to working with Frank and his team at Edwin Coe LLP is the quick turn around time for advice. The combination of his excellent legal skills and at the same time always coming across in a harmonious and friendly manner is what sets Frank apart from most other lawyers I have worked with over the years. We are privileged to have Frank and his team on "our side" and I never hesitate to recommend him to clients and contacts needing UK related tax advice.

Fredrik Lager    Nordea Bank S.A., Singapore Branch   
13 Jul 2017

Peer review:

A seasoned professional who is a pleasure to work with. His experience, knowledge and international network are impressive and always utilised to the full in building a working relationship. Always displays passion and energy in client situations.

Simon Lints    Cazenove Capital   
13 Jul 2017

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2017 

Frank Strachan currently has no Citywealth award

Average client size: £5 million - £25 million

Fixed fee offering: Yes - Matter dependent

Edwin Coe

Number of offices globally: 1-5

2 Stone Buildings, Lincoln’s Inn, London, WC2A 3TH

T: +44 (0)20 7691 4136

F: +44 (0)20 7691 4111

https://www.edwincoe.com

Peer review:

Frank Strachan is a key player and figurehead within the market. He is by far the best I have worked with in his chosen field. He is an absolute all-rounder. Frank's ability to master and explain highly complex matters is exceptional and the advice he gives is entirely solution-driven, making him the obvious choice for ultra-high net worth individuals and large corporations. You really would want no other and this is evidenced by his ability to retain clients who are of some significant standing.

13 Feb 2018

Peer review:

Exceptional adviser with clear focus on positive commercial outcomes. A great strategic thinker.

24 Jul 2017

Peer review:

I´ve come to know Frank as a dedicated and very professional tax lawyer, particularly in relation to resident non-domiciled issues. One major advantage when it comes to working with Frank and his team at Edwin Coe LLP is the quick turn around time for advice. The combination of his excellent legal skills and at the same time always coming across in a harmonious and friendly manner is what sets Frank apart from most other lawyers I have worked with over the years. We are privileged to have Frank and his team on "our side" and I never hesitate to recommend him to clients and contacts needing UK related tax advice.

Fredrik Lager    Nordea Bank S.A., Singapore Branch   
13 Jul 2017

Peer review:

A seasoned professional who is a pleasure to work with. His experience, knowledge and international network are impressive and always utilised to the full in building a working relationship. Always displays passion and energy in client situations.

Simon Lints    Cazenove Capital   
13 Jul 2017

Start Ratings
Written Review
Your Details
If ticked your name and company will not be shown under your review of this person. However, entering your details is essential, as we will not publish any review we cannot verify. Please note you are not allowed to rate or review individuals who work for the same company as yourself.

Your personal data is used for internal purposes only and is never sold or shared. For any enquiries, please email assistant editor April French at afrench@citywealthmag.com

Frank Strachan currently has no reviews

Tax planning for a HNW individual exposed to £7.5m of inheritance tax

An existing client approached me because he was concerned about his exposure to inheritance tax in relation to personal and business assets accumulated over many years. Having met with the client in his offices and reviewed various documents it became apparent that succession planning in relation to his business was critical to him. In addition deficiencies in relation to his existing will were identified.

The client commissioned a report to cover all his requirements.The review highlighted that an exposure to approximately £7.5m of inheritance tax existed so steps were identified which sought to mitigate this including lifetime gifting; a reduction of cash balances within the accounts of his businesses to reduce the risk of the loss of Business Relief for Inheritance (BPR) qualifying status; consideration of a transition in the client’s investment strategy to move towards BPR qualifying investments; the settlement of shares in various BPR qualifying businesses in to a UK discretionary trust and inclusion of the next generation within the management of the business. Amendments were made to the client’s will to better reflect his current wishes and provide support to family members who were not currently adequately provided for. We worked with various advisers including his bankers and corporate lawyers to implement the suggestions for the client. The client felt relieved that his family were looked after, the next generation of his family were more integrated within the business and that his overall wealth accumulation had been reviewed in one cohesive review. We continue to work with the client on a day to day basis, as well as the next generation as they get to grips with taking a more active managerial role in the various businesses. The client phones regularly simply for a chat, to tell me a really poor joke or to let me know about a really good restaurant he might have visited. He is much more relaxed now and we have developed a strong friendship.