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Are you considering investing in property? There are many rules in this area and different taxes to be considered. Before you buy have you considered the type of ownership, financing and split of profits. If this is part of your retirement plan it is well to plan ahead.
Do you have a complicated remuneration package, or simply want to ensure that your tax code is right? Maybe you have share options and want these demystified and some planning. This is a specialist area of SOS Tax Advisors.
The calculation of a gain is the simple profit made on sale of an asset. However, the reliefs available, the rates of tax and the reporting deadlines all vary. Some are as short as 30 days.
Simple changes and advice on income tax codes, and the best way to share income and gains can have a huge impact on reducing personal taxation.
Sometimes it is reassuring to have someone prepare the tax return, or simply review it to ensure everything is claimed and give you peace of mind. In most cases a review will lead to some tax saving advice.
Are you claiming everything you are allowed? Consider everything that touches your business. Most of these items can be claimed in part if not in total.