Year End Capital Gains Tax Planning
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Have you used your 2015/16 £11,100 annual exemption? Consider selling shares where the gain is less than £11,100 before 6 April 2016. Also, if you have any worthless shares, consider a negligible value claim to establish a capital loss. You may even be able to set off that capital loss against your income under certain circumstances.
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George Osborne announced the 2016 Budget to Parliament on 16 March. In his speech the Chancellor reported ‘an economy set to grow faster than any other major advanced economy in the world’.
View article about 2016 Budget SummarySomething that we have mentioned in previous articles for those running their own companies is to consider paying dividends before 6 April 2016 when the new system of dividend taxation starts.
View article about Consider Paying Dividends Before 6 April 2016What our clients say






