Tax Planning Year End 2008 Contents

   

We are taking the opportunity to give details of points where action taken before 5 April 2007 could be beneficial or where tax liabilities could be reduced for the next tax year.

We also include some reminders regarding “self assessment” which need to be borne in mind.

If you feel any of these points are applicable in your circumstances and would like further advice, please contact the Partner who deals with your affairs:-

CONTENTS
Please use the live links below to jump straight to the points which interest you, then use your browser 'back' button to return to the menu
1 Income Tax
 
1.1 Maximisation of Personal Allowances and Lower Rate Bands
 
1.2 Charitable Donations
 
1.3 Gifts to Charities
 
1.4 Personal Pension/Retirement Annuity Premiums
 
1.5 Enterprise Investment Scheme /Venture Capital Trusts
 
1.6 Individual Savings Accounts (ISAs)
 
1.7 Elderly Taxpayers
 
1.8 Tax Credits
 
1.9 Owner Managed Companies
    1.10 Non-domiciled individuals and UK residence rules
       
2 Capital Gains Tax
 
2.1 Capital Gains Tax Exemption
 
2.2 Timing of Asset Sales
 
2.3 Negligible Value Claims
 
2.4 Deferment of Capital Gains
3 Inheritance Tax
    3.1 Exempt Band
    3.2 Gifts
    3.3 Business Property Relief
4 Company Cars
    4.1 Taxable Benefits
    4.2 Fuel Benefits
5 Income Tax Returns
    5.1 Time Limits and Penalties
    5.2 Inland Revenue 'Audit' and Record Keeping.
6 National Insurance
 
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