Latest Newsletters for Private Client Tax
Latest Newsletters for Private Client Tax
10th December 2021
Tax Loopholes for Middle England
Securing Entitlement to a State Pension ‘Credit’ without actually paying any NIC. Entrepreneurs that trade through a limited company can set how and how much they are remunerated. It is possible to avoid paying any NIC, yet still obtain a ‘credit’ for that particular tax year for future state pension purposes, by paying a salary of between…
21st July 2021
Top 10 tax elections to minimise tax
Individuals and businesses usually minimise their tax liabilities by claiming deductions, allowances, reliefs and exemptions. Where relevant, making tax elections is also a very effective means of tax planning. s222(5a) TCGA 1992 (Nomination of main residence) This capital gains tax election, often referred to as ‘flipping’, enables taxpayers, who own and reside in more than…
3rd March 2014
Salary Sacrifice to Boost Pension Funding
As employer funding of occupational pension schemes becomes more expensive and complex, many employers are abandoning this traditional remuneration channel, leaving employees to organise and fund their own retirement income planning. This change in policy will typically be structured by an increased salary, to enable the employee to individually contribute directly into a personal pension…
3rd March 2014
Buy-to-let Taxation
If you are considering purchasing a residential buy to let property, you may not be fully aware of the taxation implications. Usually there will be two taxes that you may have to pay. These are, income tax, which is payable each year based on your profit from the buy to let property, and capital gains…
5th April 1998
Bed & Breakfasting Shares
On 5th April 1998 the Chancellor introduced new share matching rules, which restrict the ability of individuals and trusts to ‘Bed and Breakfast’ their quoted shares. The new rules require a sale of shares, or other security, to be matched with acquisitions in the following order: Same day acquisitions, Acquisitions within the following 30 days…