Personal Tax Planning
Income Tax Planning
Careful planning can help you reduce the burden of income tax, especially if you are in business on your own account or with your family.
Gift Aid
Gift aid is a useful tool to assist in making the most of charitable gifts. If you sign a gift aid declaration, a charity can end up over 25% better off.
Capital Gains Tax Planning
Capital gains tax rules are complicated, but in appropriate cases you can make use of business and agricultural relief as well as taper relief and other allowances. We can also advise on share, land and property transactions.
Personal Taxation
- Self Assessment Tax Returns and compliance.
- Tax computations including Repayment Claims.
- Self employed Income & Expenditure Statements.
- Separation / Divorce Tax issues.
Self Assessment
- Equalisation of income - if you are married, it may be possible to minimise your tax bill through equalisation of income.
- “Pre-owned Assets” refers to a new income tax charge based upon assets given away by the taxpayer since 1986 but which he or she is still able to enjoy. The tax can apply even if you pay a rent for the assets in question.
Employment
- Benefits in Kind.
- P.A.Y.E.
- Termination Payments
Residence & Domicile Issues
- Working abroad.
- Taxation of Ex-pats.
- Non Resident Landlords.
Inheritance Tax Planning
- Pre-owned assets: are you affected?
- Equalisation of assets can help spouses mitigate the effect of Inheritance Tax. Nil-Rate Band Trusts can also assist.
Our personal tax specialist, Pauline Dalziel, can advise on all of these issues.
Contacts for Personal Tax Planning