Tax Planning
Taxation can be complex with the ever changing rules, reliefs and allowances, so it’s important to make sure you are up-to-date so that you can make your personal finance more tax efficient. Tax planning would help to make sure that you are not spending more than you need to on your taxes. We believe that tax planning and investment or wealth planning are linked inextricably. If you want to save more and make the most of your investments, it would be a good idea to cut down the amount you pay in taxes by making investments that would give you some tax relief. We provide expertise in both investments and taxes, with a variety of avenues you can explore for tax planning.
EIS / Seed EIS
If you match the criteria required to invest in EIS or Seed EIS shares, they are an excellent option when thinking about tax planning. Investments in EIS or Seed EIS could get you a 30-50% income tax relief, which depending on the amount of investment could save you a maximum of £300,000. Apart from this other benefits of this kind of investment are Capital Gains Tax (CGT) deferral reliefs, CGT exemptions and even a CGT holiday if the gains are reinvested.
Capital Gain Tax
With some strategic planning, you can reduce capital gains tax on your savings, investments and pensions. Many people pay more tax than necessary, with the right investments and planning you can avoid or reduce these taxes and increase your savings.
Family Tax
Certain tax allowances and reliefs are your family member’s birth rights. So why not use your family members to receive business profits as a part of your tax planning strategy. Family trusts are also an established means of wealth planning.
Offshore Tax
Finding the right offshore investments could be the one missing link in your financial planning. The right investments offshore could be the key to making the most of your wealth. We can bridge the gap by providing well-advised options to help broaden your portfolio and stretch your tax planning to its full potential.
Property Tax
Making property transactions more tax efficient is an ongoing challenge for the real estate sector. There are many opportunities present to make your property deals more useful in terms of tax saving. We strategise and help you rethink your spending on land to make it more tax effective for you.
Tax Returns
Ever worried about missing the HMRC deadline to file your returns? Leave it to us, and you can focus your energy on running your business without a second thought. While preparing your returns we would use the allowances and reliefs available to their full potential to help minimise your tax bills.