Tag Archives: Income Tax

Budget Summary Key Issues Autumn 2018

Current Hot Topics

Please find summary document of the key issues arising from yesterday’s budget for your information. Kindly prepared by our own accountants, CHD Chartered Accountants & Tax Advisors. See 2018 Autumn Budget Wealthflow LLP › Should you have any questions arising from the points mentioned, please do not hesitate to contact Duncan Glassey direct on 0131 247 6745. For […]

50% Income Tax Rate

Individuals with income in excess of £150,000 are liable to a 50% top rate of Income Tax, and 42.5% on dividends. In addition, the basic personal allowance for Income Tax is gradually reduced to nil for individuals with adjusted net income above £100,000. Reducing Your Taxable Income Incorporation of a business can help to mitigate […]

To Will or Not to Will

Making a Will is the only way to indicate who you want to benefit from your estate. Failure to take action could compromise the long term financial security of your family. It’s also the cornerstone for inheritance tax and estate planning. Yet previous studies have suggested that as many as a half to two thirds […]

Wealthflow Tips™: Tax Planning

Despite some high profile cases of tax avoidance, it remains a Government objective to encourage saving by providing legitimate ways of minimising tax. The end of the tax year is the ideal time to consider some of the opportunities. Inheritance tax can be reduced by transferring the assets on which the tax is charged, so […]

Principal Private Residence Relief ?

CAPITAL GAINS TAX PLANNING Synopsis: The publicity surrounding the subject of MPs “flipping” properties may well have brought the CGT second residence rules under closer scrutiny. Here, we consider how those rules work. There has been considerable publicity over MPs “flipping” their choice of private residence for expenses purposes. As a result it would seem […]