taxes

Tax Planning Before the Year End – Part 3

16th February 2021

The end of the 2020/21 tax year is less than two months away and now may be the opportune time to consider what steps can be taken to reduce your tax exposure for the year.

This is the third is our series of Inheritance Tax Planning Advice.

Each tax year an individual may give away up to £3,000 without any effect on their potential inheritance tax bill.

If all or part of the annual exemption for 2019/20 was unused, this may also be used in 2020/21. This means up to £6,000 may be given away tax free in the current year.

Get in touch with a member of our team for help and advice. 

When looking for a new accountant what do you expect? Thompson Jenner are different…every client is important, you… https://t.co/JOzpRTVFty

1 days ago

@ThompsonJenner

Over 280,000 families now using Tax-Free Childcare - do you use this scheme? Read more here...… https://t.co/LnggEQaB4N

2 days ago

@ThompsonJenner

@SWinnovationexp will bring together innovators, entrepreneurs and investors to share the power of new technology,… https://t.co/njg2sQfvay

3 days ago

@ThompsonJenner

Here is our weekly round up of last week's news for business. To read more head to our website!… https://t.co/3zsJ3JbJC5

5 days ago

@ThompsonJenner

Subscribe to our mailing list

* indicates required