Key points
- Bed and breakfasting of shares on an individual basis no longer exists but there are alternatives.
- Changes to capital gains tax entrepreneurs’ relief will apply from 6 April 2019.
- Is there enough income to use the personal allowance?
- Can income be allocated more beneficially between spouses and civil partners?
- Maximise higher rate pension relief particularly when personal allowances are restricted.
- As well as being charitable payments under gift aid can reduce total income.
In case any readers are still basking in the euphoria of successfully coping with the 31 January self-assessment tax return deadline I thought I had better point out that the end of the tax year 5 April is fast approaching. There probably won’t be time to review every client’s files or records but an aide memoire might jog a memory that some action might be required for one or two clients. And even if it is only one...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.