Half Year Tax Planning for Personal Taxes

Introduction

The half way tax year always provides some opportunities for tax planning. The tax allowances and reliefs tend to be on a ‘use it or lose it basis’ and therefore clients need to take action promptly to make the most of these reliefs.

April 2023 sees the increase in CT rates to 25% and changes to Capital Allowances and R&D tax credits.

This virtual classroom session focuses on planning points. As the government seeks to repair public finances after the impact of the COVID crisis it is likely that taxes will rise either because tax rates rise or because tax allowances and reliefs are reduced. The session also looks at longer term tax planning.

What You Will Learn

This live and interactive session will cover the following:

• Personal allowances
• Dividends v salary
• Lower rate tax bands
• Pension relief
• Loss relief
• EIS and SEIS relief
• Acceleration of income or expenses
• Capital gains tax reliefs
• Transfers of assets
• IHT reliefs
• Gifts out of regular income
• Charitable donations

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.