Tax Planning – Acumeus

February 23, 2025
By Mital Patel
Capital Gains Tax, Corporation Tax, IHT, Income Tax

Pre-Year-End Tax Planning : Strategies to Optimise Your Tax Position

As the tax year approaches its end on 5 April 2025, it’s the perfect time to review your tax position and take proactive steps to minimise your tax liability. Proper tax planning can help individuals and businesses save money while ensuring compliance with tax regulations. Here are some effective pre-year-end tax planning strategies to consider. […]

December 12, 2024
By Mital Patel
IHT

The 2024 Autumn Budget – Pension 71% Tax Raid and Strategies for Wealth Preservation

The UK government has announced significant changes to pension inheritance tax rules, set to take effect from 6 April 2027. These changes could result in effective tax rates of up to 72.45% on unused pension funds, prompting many to consider drastic tax planning measures. Let’s delve into the details and explore potential strategies to mitigate […]

October 10, 2024
By Mital Patel
Capital Gains Tax

Property Tax Strategy: UK Landlords Consider Overseas Move to Mitigate CGT

UK property owners are bracing for potential tax hikes in the upcoming 30 October Budget. With capital gains tax (CGT) rates and landlord regulations being prime targets for adjustment, many are exploring strategies to protect their investments. One intriguing option gaining traction is the consideration of leaving the UK to take advantage of the non-resident […]

August 23, 2024
By Mital Patel
Corporation Tax

Full Expensing vs Annual Investment Allowance: A Strategic Comparison

As we navigate the evolving landscape of capital allowances, it’s crucial for businesses to understand the nuances between two significant tax relief options: Full Expensing and the Annual Investment Allowance (AIA). The government introduced Full Expensing in Spring 2023 and made it permanent in Autumn 2023. This new option might lead some companies to forget […]

August 15, 2024
By Mital Patel
Income Tax

The Benefits of Filing Your Self-Assessment Tax Return Early

Filing your self-assessment tax return may not be the most exciting task, but it’s one of those important responsibilities that can have a big impact on your finances. Every year, millions of people in the UK are required to submit their tax returns. While the deadline usually looms on 31 January, there are some excellent […]

August 6, 2024
By Mital Patel
Income Tax

Personal Tax Planning Strategies for Higher Rate Taxpayers

As the end of the 2024/25 tax year approaches on 5 April 2025, it’s crucial for higher rate taxpayers to take a proactive approach to personal tax planning. Higher rate taxpayers – those earning between £50,270 and £125,140 – face a tax rate of 40% on income over the basic rate threshold. Effective tax planning […]