Factsheets
Personal tax

Charitable giving

Tax relief on gifts to UK charities is available if you give under Gift Aid or through a Payroll Giving scheme or by making a gift of shares or land.

Child Benefit charge

The High Income Child Benefit charge applies to a taxpayer who has income over £50,000 in a tax year where either they or their partner, if they have one

Dividends and interest

Dividend and savings allowances are available. We consider the opportunities and pitfalls of the personal tax rules.

Enterprise Investment Scheme

The Enterprise Investment Scheme allows qualifying companies access to equity investment from new and, in some cases, existing shareholders.

Individual Savings Accounts

ISAs are tax-exempt savings accounts available to individuals. At Naail & Co, we advise individuals on tax efficient investments in the Greater London area.

Non-domiciled individuals

This factsheet sets out the rules which deal with the taxation in the UK of income arising outside the UK, for non UK domiciled individuals.

Personal tax – self assessment

Under the self assessment regime an individual is responsible for ensuring that their tax liability is calculated and any tax owing is paid on time.

Personal tax – when is income tax and capital gains tax payable?

Under self assessment an individual is responsible for ensuring that their tax liability is calculated and any tax owing is paid on time.

Property investment – buy to let

Buy to let traditionally involves investing in property with the expectation of capital growth with the rental income from tenants covering the mortgage costs and any outgoings.

Property investment – tax aspects

On the basis that the investment in property appears to make commercial sense what tax factors should you take into account?

Seed Enterprise Investment Scheme

The Seed Enterprise Investment Scheme complements the Enterprise Investment Scheme and is attractive to start up companies and investors in such companies.

Statutory Residence Test

We consider the statutory residence test and outline rules and records required. If you live in the Greater London area we, at Naail & Co, can provide advice on your individual circumstances.

Taxation of the family

Husbands and wives are taxed separately and the tax position of any children is also a consideration. Marriage breakdowns can also have a considerable impact for tax purposes.

Tax-Free Childcare

Tax-Free Childcare will eventually replace Employer Supported Childcare and has the advantage that the self employed, as well as employed individuals, can make use of the scheme.

Venture Capital Trusts

Venture Capital Trusts (VCTs) offer similar tax breaks to individuals as the Enterprise Investment Scheme. VCTs are managed by a variety of specialist fund companies.

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