Personal Income Tax Services
Many individuals have a number of specific personal tax considerations. It is possible that the individual will have a number of different sources of income. Our personal income tax accountants will advise on such issues as participation in share schemes, rental income, assets that may be liable to capital gains tax and will also benefit from tax efficient savings investments. However, it is also likely that, due to varied sources of income, there will be scope for tax planning in terms of reducing their taxable income and the timing of certain transactions to minimise taxation.
Our team of personal tax accountants advise individuals, partnerships and owner-managed companies in personal and corporate tax compliance/planning.
It is important to remember that:
- Tax planning is possible regarding both the timing and the level of taxation.
- It may be possible to advance or defer some income.
- Income can be reduced by tax reliefs available for charitable donations/pension contributions etc.
- Some allowances are annual, making them advantageous to utilise each year.
- It may be possible to transfer income/assets between spouses/civil partners to maximise allowances.
More Information
For further advice do not hesitate to contact:
Sheena Anderson This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Lynn Gracie This e-mail address is being protected from spambots. You need JavaScript enabled to view it
or call us on 01224 625111.