One of the most common tax planning strategies used by married couples and civil partners in the UK is transferring property to a spouse. 

Many pensioners assume their income is automatically tax-free once they retire. Others worry the State Pension itself will be taxed the moment it lands in their bank account. Both assumptions are not exactly right. The total income decides whether a pensioner pays Income Tax, not their age or the label on the payment.

Every January, thousands of self-employed individuals and business owners face the same sinking feeling after seeing their tax bill. Many treat tax as an afterthought, and when the deadline finally arrives, the funds needed to settle the bill have long disappeared into everyday business and living costs.

Capital Gains Tax (GCT) refers to the tax applicable on the profit or gain you make when disposing off an asset that has increased in value. When it comes to shares, the gain is calculated as the difference between what you paid for them and what you are receiving when selling or transferring them.

Being a business owner in the UK means you have to understand how to navigate allowable expenses and how to reduce your taxable profit by making correct claims.

You’ve built a portfolio for growth but have you built one that outsmarts taxes? One of the most frustrating aspects of investment is seeing a big chunk of your returns go to tax.