March 2009 - New higher rate of tax

Taxation

The new 50% income tax rate for taxable income over £150,000 per annum comes in from 6th April 2010.

Call us to discuss strategies for minimising charges and other strategies :

Enterprise Investments schemes (EIS)
-20% income tax relief on investments up to £500,000 with potential for tax free capital gains

Venture Capital Trusts (VCT)
-30% income tax relief on qualifying investments up to £200,000 with potential for tax free capital gains

Furnished holiday lettings cease to be treated as deemed trade from 5th April 2010
Call us to discuss the use of losses available and other planning opportunities.