ACCOUNTANTS, TAX CONSULTANTS & ADVISERS TO BUSINESS

121 Trewmount road, Dungannon, BT71 7EF

50 Ways to Save Tax

To ensure you keep as much of what you earn as possible, we have examined the opportunities for practical tax planning that exist and created this guide covering 50 ways that you can reduce your liabilities. For ease of use, we have split the ideas up into sections covering Income Tax, Capital Gains Tax, Inheritance Tax, Capital Allowances and Corporation Tax. Income Tax Utilise your full Personal Allowance, which is £7,475 in the tax year 2011/12. Avoid the age allowance clawback bands – if you are over 65 and earning £24,000 or more, your tax allowance reduces by £1 for…
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