Pay Less Tax – Winter 2024 Edition

Potential tax savings opportunities for CGT, Income Tax and Inheritance Tax may arise from taking certain actions before the end of the tax year on 6th April 2024. Additionally, car allowance payments may qualify for NI relief where business mileage is undertaken, and settlements under IR35 enquiries may be subject to refunds or offsets, following recent court rulings against HMRC.

Pay Less Tax – Capital Gains Tax Special 2023

Over the past few years it is fair to say that people and businesses disposing of assets pregnant with gain have found their capital gains tax (CGT)/corporation tax (CT) liabilities grow exponentially as a result of the reduction in the CGT tax annual exemption, the corporate indexation allowance restriction, heightened residential CGT rates and corporate tax rates as well as business asset disposal relief only on the first £1 million of business asset gains over the course of an eligible taxpayer’s lifetime.