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Personal Tax
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Our comprehensive personal tax service is a natural complement to the corporate
tax service. We'll ensure you pay the minimum amount of tax each year. With computerised
tax returns and electronic lodgement you will be advised of your tax liability for
the current tax year and the payment required for the following year.
? Preparation of self assessment tax returns for individuals
including company directors, sole traders, high net worth
individuals, partner and others who have an obligation
or requirement to prepare an annual tax return.
? Preparation of self-assessment tax returns for partnerships.
? Annual review of your taxation affairs to ensure that any
tax planning opportunities are not missed and that all
available relief's are being claimed.
? General capital gains tax advice.
? Checking and adjusting PAYE notices of coding.
? Advising directors on the most tax efficient form of
remuneration.
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Capital Gain Tax |
With the ever growing asset base of the UK and increasing ?second home ownership?
generation, capital gains tax (CGT) is becoming a more regular (and unwanted) feature
in taxation matters for both individuals and companies. But with many reliefs available
and careful pre-transaction planning we can ensure that any exposure to capital
gains tax is minimised. Our team is well qualified to dig into the UK taxation laws
to
provide you with the solution where your tax liabilities can be minimised.
We often overlook various tax planning techniques which are available for our benefit
and are helpful in saving lot of tax liability. Such planning tools may involve
the transfer of assets between spouses to take advantage of each individuals capital
gains tax annual exemption.
The rate of taper relief applied to business assets is much more generous than that
applied to non business assets. We are able to advise on this complex issue to ensure
that maximum relief is obtained where available.
There are different reliefs available to defer the capital gain arising on certain
assets. Reliefs such as rollover and holdover can be applied when certain qualifying
business assets are disposed of and certain qualifying business assets are acquired
within a qualifying time period. Gift relief can be claimed when gifting certain
assets away, although interaction with inheritance tax must be considered.
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