Personal Tax
FACTSHEETS
Concise information on a variety of topics relevant to an individual. Click on the links below to access the relevant factsheet.
Child Benefit charge
Information regarding the High Income Child Benefit charge which applies to taxpayers who have income over £50,000 in a tax year where either they or their partner receive Child Benefit.
Dividends and interest
This factsheet considers the Savings and Dividends Allowances.
Personal tax - self assessment
Under self-assessment an individual is responsible for ensuring that their tax liability is calculated and any tax owing is paid on time. We summarise the rules and penalties for failing to comply with your obligations.
Personal tax - when is income tax and capital gains tax payable?
Advice on when key tax payments under Self Assessment are payable.
Property investment - buy to let
We consider what the key areas are for investing in property, looking at rental income, along with all the other costs and outgoings.
Property investment - tax aspects
Investment in property continues to be a popular form of investment. On the basis that the investment appears to make commercial sense what tax factors should you take into account?
Seed Enterprise Investment Scheme
This is an area that usually appeals to start up companies, and those that invest within them. We look at why this is the case and what to consider.
Statutory Residence Test
The Statutory Residence Test provides, through a series of tests, a definitive process to determine the UK residence status of any individual. That status applies for income tax, capital gains tax and inheritance tax purposes.
Taxation of the family
We highlight the main areas to consider in regard to tax planning for family members and the minimisation of tax liabilities.
Venture Capital Trusts
Venture Capital Trusts (VCTs) offer similar to breaks to individuals as the Enterprise Investment Scheme. They provide an opportunity to invest in unquoted trading companies via a VCT thus spreading the investment risk over a number of companies.
