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John M Taylor & Co | Accountants Paisley/Taxation/Vat Returns/Business Start Ups/Sage/Payroll/Bookkeeping

Planning Ahead

As the final tax returns are submitted for 2009/10 it is important to remember that the end of the current tax year will soon be upon us.

So what should you be considering?

Now is the time to review various issues related to your personal taxation affairs. You may wish to consider whether or not you have used your:

  • capital gains tax annual exemption for 2010/11
  • annual inheritance tax exemption for gifts
  • annual Individual Savings Account investment limit

You may also wish to make additional pension contributions for the year. Contributions need to have been paid by 5 April 2011. 

We have produced a year end tax planning factsheet that may prove useful so please feel visit our resources page to download it along with many other useful articles and factsheets.

Please do get in touch if you would like any further advice on these or any other issues.

Posted - 03/02/2011

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