Category Archives : Tax Advise

Will be putting articles on how you could reduce your your tax liability here. Use the contact us form if you have any specific questions.


Corporations Don’t Pay Corporate Tax – Individual Consumers Do

Having worked in the finance department of a multinational organisation,I assumed that it was common knowledge that individuals as opposed to companies foot the bill for Corporation Tax. But judging by my social media accounts over the past weeks, it seems that most of the public fail to realise this. I have heard arguments that increasing corporation tax will benefit society as companies will have to pay more. Yes, the government will collect higher taxes from a higher corporation tax but the ones who be paying this higher bill is people like you and I as opposed to companies. To put it in the simplest of terms, any company that […]


Take These Steps To Enjoy A Tax-Free Retirement

The thought of being hit with hefty taxes when you enter you reach retirement is a bitter pill to swallow. But there are ways to legally reduce taxes in your golden years. You can actually generate a six figure tax free income if you start planning early and make use of the tax wrappers and allowances that are available. Here are a 5 steps to consider if you want to have a tax-free retirement. Step 1: Personal Allowance The first allowance to make use of is the Personal Allowance. Anyone earning less than £100,000 a year can earn £11,500 tax-free. In essence this means that the first £11,500 you receive […]


Warren Buffet on Consequences of Trump Tax Policies – Will Lower Taxes Increase Profits?

Ever since Donald Trump got elected as the president of the United States, there has been constant chatter in the corporate world about the US reducing its corporation tax rate. President Trump wants to reduce the corporation tax rate in the US to 15%. This is music to Wall Streets  ears  as it would mean more money flowing in to the pockets of investors. As a result of reduced taxes, stocks have began to price in more profits by rallying higher. But the question is, does a reduction in taxes  lead to increased profits or does it lead to lower prices for consumers? That may seem like a silly question […]


Transferring My Pension Between Providers – Options, Charges, Length of Time, SIPP 2

One of my new years resolutions has been to give my finances a spring clean. I started by looking at my pensions and found that one of my old stakeholder pensions was charging too high a fee. As readers of this site know, fees are a huge drag on performance and can cost you tens of thousands over time. I thus decided to move this all pension into a lower cost Self Investment Personal Plan (SIPP). In this post, I detail what options people have when transferring pensions, the process of transferring a pension, how long it takes and what assets you can invest in. Old Stakeholder Pension – Scottish […]


Easy Step By Step Guide For Completing Your Self Assessment Tax Return Online

With tax season upon us and the online deadline of 31st January for Self Assessment (SA) returns quickly looming, this seems a good time do a post on how to complete and SA return. Many people who need to submit an SA return and normally left confused about how to go about doing it online. This post will show you how to set up your Self Assessment Tax return Online as well as give key details as to how to actually fill out your SA return. It is important to remember that the deadline of 31 January 2017 is for the 6 April 15 – 6 April 2016 tax year. […]


Gift Relief on Shares in a Business – Capital Gains Tax

Individuals have a number of reliefs from Capital Gains Tax. Some of the reliefs include Roll-Over relief, Incorporation Relief, Gift Relief and Entrepreneurs relief. The different reliefs have different conditions that need to be met attached to them so you will need to look at these first in order to determine if you are entitled to any of the above mentioned reliefs. The different reliefs also have different implications to your liability and a brief description of each of the reliefs is given below: Roll Over Relief – defers tax on chargeable gains when a person disposes of a qualifying business asset and buys another. Incorporation Relief – Applies when […]


Pensions and Death Taxes – How It Works As An Inheritance Planning Tool

In the years gone by, death used to be followed by a huge 55% tax hit on any money you left behind to your loved ones. However, rules introduced last year mean it is now possible to pass on your entire pension pot to your beneficiaries, tax-free. ‘In this world nothing can be said to be certain, except death and taxes.’ Benjamin Franklin How Passing On Your Pension Tax Free Works If you die before the age of 75 and have a Self Invested Personal Pension (SIPP), you can pass on your entire pension fund to your beneficiaries tax free. The money can be passed down as a cash lump […]


Capital Gains Tax Treatment of AB InBev (BUD) Takeover of SABMiler (SAB)

At the beginning of last month, the giant beer takeover of SABMiler by Anheuser-Busch InBev went ahead for £79 billion. For the investors of SABMiler, this takeover has provided a handsome pay-out. Each investor in SABMiler, depending on their preference received £45 for every share they owned or £4.6588 in cash and 0.483969 restricted shares. Whilst shareholders have received a premium of more than 50% as compared to the stock price the day before the takeover deal was announced, they are capital gains tax consequences for those investors who did not hold their shares in a tax shelter such as a Pension or ISA. Capital Gains Tax consequences of the […]


If you want to buy US listed shares, fill out a W-8BEN form (American stocks for foreign investors) 3

The rise of online platforms over the past decade has been great. From HL, to Youinvest, to interactive investor, these platforms allow individual investors like you and I to buy shares all over the world for a reasonable price. With this easy access to US, European and Asian stocks, many people forget to do research on how the system in these overseas countries works in a different way to ours. One example of this is Dividend Withholding Tax (DWT). If you buy shares in a foreign company, the dividend you receive from that company will be subject to DWT. This means that as a foreign investor, you do not get […]


Why you should not care about corporate tax dodging!

Around the world, and especially in the UK, there is a growing resentment towards large corporations and the huge profits they make. It is widely known that many corporations try to minimise their tax bills by using various organisational and legal structures. This tax planning conducted by multinational corporations has led individuals to believe that these companies do not pay their fair share of taxes. This leaves many individuals angry at ‘the system’ and feeling helpless. But I’m here to tell you that you should not waste your time of effort thinking how little corporation tax multinationals pay. This is because the money saved by a corporation on a reduced […]