There is considerable speculation that a rise in capital gains tax (CGT) is on the cards, with a new rate as high as 25% being suggested in some quarters.
Although this is mere speculation at this stage, it does serve as a timely reminder that there is still a brief window of opportunity to review your CGT position and optimise it before the tax year end. (more…)
Tags: Capital gains tax (CGT), Personal tax return, tax planning
Posted in UK accounting | Comments Off
A quick reminder that as from 6 April this year the age at which you can draw on a personal retirement fund rises from 50 to 55. (more…)
Tags: Pension Benefits, Pension contributions, Personal tax return, Regulations, Retirement
Posted in UK accounting | Comments Off
Pension contributions are paid net of basic rate tax, and the pension provider recovers the tax element. Up to £3,600 per year (gross) may be invested by any individual irrespective of whether they have earnings to match it or not. (more…)
Tags: Pension contributions, Pensions, Personal tax return, tax planning
Posted in Australia, Canada, France, New Zealand, UK accounting, USA | Comments Off
These two schemes allow ingoing tax relief on investments that are channelled into venture capital for smaller and growing businesses. By their very nature they are considerably more risky than ISA’s and other similar investment vehicles. (more…)
Tags: Capital gains tax (CGT), Enterprise investment scheme (EIS), Personal tax return, Personal tax returns, tax planning, Venture Capital Trust (VCT)
Posted in Australia, Canada, France, New Zealand, UK accounting, USA | Comments Off
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