As the end of the tax year creeps ever nearer, it’s a good time for entrepreneurs and businesses to review your approach to profit extraction. As the next blog in our end of year tax planning series, we review some of the main points for your consideration. 

Dividend taxation

In almost all cases

The UK tax system is designed to promote savings and investment and so at this time of year, and as part of our ongoing series of posts about end of year tax planning, it is worth remembering the various and most tax efficient savings vehicles available to you.

Pensions

Pensions remain an

Inheritance tax planning is normally considered on a long term basis – both in the context of lifetime giving and the arrangements to be made in your Will, but as we approach the end of the tax year, now is an ideal time to review your plans and financial arrangements.

The key to successful estate

As the second blog in our end of year tax planning series, in this post, we take a look at the different rates of capital gains tax (CGT), how to take full advantage of your and your partner’s allowance and other CGT implications you need to consider before the end of the tax year. 

Rates of

As the end of the tax year approaches, it is worth taking the time to ensure you have taken advantage of all the reliefs and exemptions available to your circumstances and made the most of any tax planning opportunities.

With this in mind, over the next couple of months, we’ll be writing a series

With careful planning and administration, it is possible for both individuals and companies to achieve the dual objectives of helping a chosen charity and saving tax.  There are various ways this can be done and what is the most effective, will depend on your particular circumstances.

It is always

And even HMRC will give you their blessing at this time!

Christmas is rightly regarded as a time of giving and comes with an incentive from the taxman to give free of inheritance tax.  With three themes, here are some ideas for lifetime giving at Christmas.

Immediate exemption for smaller gifts

In an interesting recent development, Agricultural Property Relief (“APR”) for Inheritance Tax (“IHT”) was officially extended to include vineyards and wineries.  Given the success of the English wine industry, it will be no surprise that the tax code has caught up with the real world.

But

Your exit strategy may provide for sale within the next 5 or 25 years, a sale may be imminent, or you may want to pass your business on to your children. But whatever stage you’re at, are you confident that your exit strategy will pass muster?

Unless you’re a serial entrepreneur (and possibly even