Edwards Greene Year End Tax Planning Report 2018/19

INCOME TAX SAVING FOR COUPLES The opportunities to minimise tax by from sharing allowances DIRECTORS AND EMPLOYEES How benefits, bonuses and dividends can be used to increase your tax efficiency PENSION TAX PLANNING How to make the most of the tax privileges of your pensions TAX-EFFICIENT INVESTMENTS A look into some of the options for investing tax efficiently Contents This report is for general information only and is not intended to be advice to any specific person. You are recommended to seek competent professional advice before taking or refraining from taking any action on the basis of the contents of this publication. The Financial Conduct Authority does not regulate tax advice, so it is outside the investment protection rules of the Financial Services and Markets Act and the Financial Services Compensation Scheme. Tax rates may differ in Scotland. The value of your investment can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. The report represents our understanding of law and HM Revenue & Customs practice. © Copyright 29 November 2018. All rights reserved MAKE THE MOST OF YOUR RELIEFS AND ALLOWANCES There are many different reliefs and allowances to take advantage of throughout the tax year. As the year-end approaches this guide offers some advice on the core opportunities you should be thinking about. With tips affecting income and investment, for couples, company directors and employees, there will be something for everyone. We also have some essential tips for those making their estate plans. The advice included here forms the base of a good financial plan for the year. If you would like further advice on any of the topics, or to discuss how they affect your individual circumstances please get in touch. Introduction SPECIAL REPORT | December 2018 | Year End Tax Planning 2 CAPITAL GAINS TAX PLANNING Timing is everything for your gains and disposals INHERITANCE TAX AND CHARITABLE GIVING With careful planning you can help reduce your final tax bill iStock/CasarsaGuru iStock/Rudenkoi iStock/Rudenkoi iStock/Rudenkoi iStock/BrianAJackson iStock/bagi1998

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