Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Tips on year-end personal tax planning

27 February 2018 / Tom Bradfield
Issue: 4637 / Categories: Comment & Analysis
istock-810897114_fmt

Year-end countdown

KEY POINTS

  • Make full use of available tax reliefs and bands.
  • Remember the reduction in the dividend nil-rate band.
  • Claims to child benefit can help to protect the National Insurance record.
  • Review financing and holding of buy-to-let properties.
  • Consider income shifting and main residence elections.
  • Clients should consider making lifetime gifts.
  • Review the inheritance tax residence nil-rate band.
  • Encourage clients to review their will.
  • Consider the possibility of pension protection applications.
  • Review the client’s residence within the UK and the location of any real property they own.

Tax law is constantly evolving and there have been some important changes for individuals since 5 April 2017. So what should be done before...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

FIVE WAYS TO MAKE ACCOUNTS PRODUCTION AND TAX EASIER.
Download the exclusive Xero
free report here.

New queries
Please email any questions you might have
to: taxation@lexisnexis.co.uk.

back to top icon