As we approach the end of the tax year on 5 April 2023, you may be able to choose the tax year in which your income, gains or tax reliefs fall. This can
affect how much tax you need to pay and when you pay it.
End-of-year tax planning is especially complicated this year. In the Autumn we had three fiscal statements, multiple u-turns and two Chancellors. This means it can be confusing to know which rates and thresholds currently apply.
Jeremy Hunt’s statement on 17 November is still (currently) in force and it is important to note that this froze and reduced a number of tax-free allowance thresholds for the coming years. It means that in the run up to the 2022/23 tax year-end, it is important to plan and be prepared.
In this handy guide you’ll find helpful advice regarding:
Capital gains tax
Individual Savings Accounts
… and more.
Download your copy:
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Please do get in touch with your usual Shipleys’ contact if you need any further advice or call one of our offices.
Specific advice should be obtained before taking action, or refraining from taking action, in relation to this summary. If you would like advice or further information, please speak to your usual Shipleys contact.
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