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

But what’s the long term effect of losing those early year contributions?

In your 20s and 30s, retirement age seems a long way off. A house purchase, holidays in the sun and maybe even school fees all take priority over family finances and personal pension planning can easily get pushed to the

Doing your own tax return might seem like a straightforward process that could save you in accountancy fees and won’t take you long. But it isn’t, and it could cost you dear. So if you’re still tempted to do it yourself this year, it’s worth asking yourself the following questions:

How simple are

You’re probably more than a little familiar with your personal tax allowance and tax band. But a survey in 2015 by the International Longevity Centre UK think-tank, revealed that a shockingly high proportion of people don’t understand fairly commonplace tax terminology, with only 20% understanding