Year-end tax planning for individuals ― overview

Produced by Tolley
Year-end tax planning for individuals ― overview

The following Personal Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

  • Year-end tax planning for individuals ― overview
  • Summary of guidance notes on personal tax year-end planning
  • Income tax
  • Capital gains tax
  • National insurance
  • Overseas aspects
  • Claims and elections

Taxpayers may wish to consider basic tax planning arrangements in order to reduce the overall tax burden for them or their family.

This is normally considered at the end of the tax year, either to reduce the liability for that tax year or to put arrangements in place that will reduce the liability in future tax years.

Summary of guidance notes on personal tax year-end planning

The guidance notes covering year-end planning are split up by tax.

Income tax

SummaryGuidance note
This guidance note first examines the various income tax allowances and lower rate bands that should be considered and then the various strategies that might be appropriate, depending on the family circumstances. It also looks at the relevant anti-avoidance provisions and actions to consider before the end of the tax yearUtilising allowances and lower rate bands
Tax 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 tax. Some investments have both attributes. This guidance note consi

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