Every so often the Chancellor of the Exchequer gives advance warning of impending tax changes that leave a window of opportunity for tax planning. This does not happen very often but between now and 5th April 2008 there are two such opportunities with Income Shifting and Capital Gians Tax.
Through careful tax planning, JSA can advise the implications of Income Shifting and Capital Gains Tax that surround your circumstance. Please note that this type of tax planning advice is not part of JSA’s standard fee arrangement and will be subject to separate additional charges for advice given and work carried out.
Income Shifting
Read more on how this can affect you
Caiptal Gains Tax
Read more on how this can affect you
Summary and advice
- The above opportunities are both complicated and each case must be looked at on its own merits.
- This is legitimate tax planning.
- There is a cross over between income shifting and capital gains, which for some clients will need to be investigated in detail.
- There is only a small amount of time available to act and you must do so now if you wish to benefit from this opportunity.
If you are interested in receiving further guidance and advice on your own circumstances please contact us directly on clientsupport@jsagroup.co.uk
We do anticipate that our advisors will be very busy dealing with this in the next few weeks and do suggest that you consider your position now and contact us at the earliest opportunity.
Professional advice should be obtained before acting on any information contained herein and therefore no responsibility can be accepted for loss occasioned to any person as a result of action taken or refrained from in consequence of the contents hereof.