The end of the current tax year will see the phasing out period finalised in respect of relief for mortgage interest on rental profits.
As the end of the current tax year approaches now is a good time to review your tax and financial position. Making use of available allowances and exemptions could potentially avoid unnecessary tax payments. There are a number of options to mitigate your exposure to tax and some of these may be applicable to your individual circumstances.
With less than a month until the end of the 2018/19 tax year the annual rush of frantic tax planning is well underway for many individuals. One of the lesser known, but highly advantageous, tax reliefs available to individual taxpayers comes in the form of Share Aid.
With Brexit looming in less than a year, the temptation for some may be to fly off into the sunset, leaving behind all ties with the United Kingdom, however be warned, not all ties can easily be cut!