Penelope Munro

Penelope Munro

Senior Associate Solicitor
Bath 2 Queen Square Bath BA1 2HQ
Telephone 0122 534 0072

Senior Associate Solicitor - Private Client

Penny brings a great deal of experience to her role in the Private Wealth and Agriculture teams. She predominantly advises the farming community and landowners on succession, taking families through intricate estate administration. In what is a complex and highly emotional time, Penny guides clients with clarity and sensitivity, helping to resolve matters quickly and smoothly.

Her work also involves advising the personal representatives of estates including businesses and farms on tax matters, dealing with HMRC to secure claims for relief where appropriate.

Private Client

Specialising in Private Client matters affecting landowners and farmers, Penny advises clients on wills, lifetime gifting to mitigate inheritance tax, powers of attorney and Court of Protection cases. She also handles estate administration, particularly for complex cases with cross border issues, farming estates and businesses involved. In this role, she works closely with personal representatives, accountants and land agents to accurately complete the HMRC Inheritance Tax Account.

Penny is a member of the Law Society, Private Client Section.

Agriculture

Drawing on her expertise in tax matters, Penny helps the executors of estates comprising rural businesses and farms apply for business and agricultural relief. She is skilled in liaising and negotiating with the District Valuer and HMRC over these relief claims, and she also guides rural business owners through tax planning for succession.


Penny's relevant experience includes:

  • acting for the executors of a farmer's will. He was in partnership with his son, and the case involved liaising with the farmer's accountant, preparing the full HM Revenue & Customs account for inheritance tax, and making appropriate claims for agricultural and business relief against Inheritance Tax liability and negotiating with the District Valuer and HM Revenue & Customs, which included securing a discount on the interest due on the Inheritance Tax
  • negotiating a Hong Kong domicile claim to save £600,000 in Inheritance Tax for an estate where the owner was born and died in England, where they owned a home, but had most assets (but not a home) in Hong Kong
  • dealing with a complex taxable estate case, which included numerous Capital Gains Tax reviews, many lifetime gifts investigations and annual tax returns, along with a newly discovered life policy and a chain of wills, which resulted in a deed of variation to divert a share of proceeds to children of a previous marriage