Personal Tax Guidance

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Year end tax planning for individuals

We have a team of experienced tax professionals in the area of year end tax planning for individuals so that you can better serve your clients.
Latest Guidance
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28 Jun 2019

Why capital losses are importantCapital losses are usually set against the capital gains that arise in the same year as the loss, reducing the total taxable gains for...

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28 Jun 2019

Date of disposalThe date of the disposal determines the period in which the gain is subject to capital gains tax (CGT). When the rates of CGT change, the determination of...

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28 Jun 2019

This guidance note explores whether those who are entitled to use the remittance basis should do so. Before an individual can answer this question, he needs to understand...

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28 Jun 2019

Why is this important?Tax-free amountEach individual (with some exceptions ― see below) is entitled to an annual exempt amount when calculating the taxable amount of his...

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28 Jun 2019

‘Bed and breakfasting’ was the pre-1998 practice of selling shares and repurchasing them the following day. This technique can still be used in a modified form to achieve...

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28 Jun 2019

Why this is importantPersonal allowanceIn general, the personal allowance cannot be transferred to another person or carried into another tax year, although in limited...

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28 Jun 2019

Why are deadlines important?Many tax elections or claims for allowances can be submitted after the deadline for submitting the Self Assessment Tax Return has passed. See...

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28 Jun 2019

OverviewTax efficient investments provide the investor with relief from one or more taxes for the current tax year, or are exempt from income tax and / or capital gains...

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27 Jun 2019

How an overpayment of NIC can ariseThere is an annual maximum of contributions applying to any individual for a contribution year (tax year). This applies where the...

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27 Jun 2019

Why defer a gain?An individual’s net taxable income and chargeable gains for the tax year influence the rate of tax payable on his capital gains. See the Introduction to...

Latest Guidance
Personal_tax_img10
Personal Tax

Why capital losses are importantCapital losses are usually set against the capital gains that arise in the same year as the loss, reducing the total taxable gains for...

Personal_tax_img6
Personal Tax

Date of disposalThe date of the disposal determines the period in which the gain is subject to capital gains tax (CGT). When the rates of CGT change, the determination of...

Personal_tax_img9
Personal Tax

This guidance note explores whether those who are entitled to use the remittance basis should do so. Before an individual can answer this question, he needs to understand...

Personal_tax_img
Personal Tax

Why is this important?Tax-free amountEach individual (with some exceptions ― see below) is entitled to an annual exempt amount when calculating the taxable amount of his...

Personal_tax_img
Personal Tax

‘Bed and breakfasting’ was the pre-1998 practice of selling shares and repurchasing them the following day. This technique can still be used in a modified form to achieve...

Personal_tax_img3
Personal Tax

Why this is importantPersonal allowanceIn general, the personal allowance cannot be transferred to another person or carried into another tax year, although in limited...

Personal_tax_img7
Personal Tax

Why are deadlines important?Many tax elections or claims for allowances can be submitted after the deadline for submitting the Self Assessment Tax Return has passed. See...

Personal_tax_img7
Personal Tax

OverviewTax efficient investments provide the investor with relief from one or more taxes for the current tax year, or are exempt from income tax and / or capital gains...

Personal_tax_img4
Personal Tax

How an overpayment of NIC can ariseThere is an annual maximum of contributions applying to any individual for a contribution year (tax year). This applies where the...

Personal_tax_img2
Personal Tax

Why defer a gain?An individual’s net taxable income and chargeable gains for the tax year influence the rate of tax payable on his capital gains. See the Introduction to...