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Tax an easy to understand guide 2011/12

Introduction

Practical tax tips to guide you through the tax system and help you plan to minimise your liability.

Please use this guide to identify areas where you could take action, then contact us for advice and to discuss the most appropriate way forward.

Contents

A few essentials

  • Introduction
  • Self assessment timetable

Family matters

  • Married couples
  • Children
  • Tax credits
  • Civil partnerships
  • What about unmarried partners?
  • A word of warning

Working for others

  • The tax code
  • Benefits
  • Expense payments
  • Other transport issues

Running a business

  • Choosing a business structure
  • The tax regime
  • Capital allowances
  • Paying the tax
  • Companies
  • Income shifting
  • Value added tax (VAT) and your business

Tax and your investments

  • Pensions
  • Tax free savings

Property matters

  • Buy to let
  • Main residence

Disposals and capital gains tax

  • Introduction
  • Entrepreneurs’ Relief

Preserving the inheritance

  • The current regime
  • So what’s the problem?
  • Mitigating the liability