End of Year Tax Planning Guide

February 17, 2016

End of Year Tax Planning

Our tax year end planning guide highlights areas that you may wish to consider as the end of the tax year approaches. It will give you a general overview of the opportunities available to ensure you do not pay more tax than you need to and make use of all reliefs available to you. However, you should always take advice tailored to your personal circumstances therefore please do not hesitate to contact us for further details.

Year End Tax Planning Guide 2016

Our Year End Planning Guide summarises some key tax and financial planning tips which should be considered prior to the end of the tax year on 5 April 2016 or for companies prior to their accounting period end. Our guide covers the following:

For the individual

  • Income Tax
  • Capital Gains Tax
  • Annual exemption
  • Rates of Tax
  • Crystallise and Use Capital Losses
  • Entrepreneurs’ Relief (ER)
  • Determine your main residence
  • Changes for Landlords And Second Property Owners
  • ISAs
  • Enterprise Investment Scheme (EIS) and Seed EIS (SEIS) shares
  • Venture Capital Trusts (VCT)
  • Inheritance Tax
  • Pensions – Changes to Annual Allowance & Lifetime Allowance

For the business

  • Corporate Tax Rates
  • Income & Expenditure
  • Capital Allowances
  • Property Investment
  • ‘Green’ company cars
  • R&D Tax Credits
  • Patent Box
  • FRS 102
  • Pensions Auto Enrolment
  • National Living Wage
  • Entrepreneurs Relief

Year End Tax Planning Guide 2016