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Tis the season to be tax planning
GO FOR GAINS Income from investments outside an ISA and not exempted by the dividend and savings allowance is taxable at a maximum of 38.1% for dividends or 45% for interest. [...]if you have substantial investments outside an ISA or other tax efficient wrapper, consider rearranging them so they pro...
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| Published in: | Accountancy Ireland 2019-12, Vol.51 (6), p.70-71 |
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| Format: | Magazinearticle |
| Language: | English |
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| container_title | Accountancy Ireland |
| container_volume | 51 |
| creator | Neill, Fiona |
| description | GO FOR GAINS Income from investments outside an ISA and not exempted by the dividend and savings allowance is taxable at a maximum of 38.1% for dividends or 45% for interest. [...]if you have substantial investments outside an ISA or other tax efficient wrapper, consider rearranging them so they produce either a tax free return or a return of capital taxed at a maximum of only 20%. Some that were once basic rate taxpayers will become higher rate taxpayers by 2020/21. [...]if you have substantial borrowing on buy-tolet properties, it is sensible to review whether this can be reduced. [...]if both partners can keep their annual taxable income below £50,000, child benefit will not be clawed back. |
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| fulltext | fulltext |
| identifier | ISSN: 0001-4699 |
| ispartof | Accountancy Ireland, 2019-12, Vol.51 (6), p.70-71 |
| issn | 0001-4699 |
| language | eng |
| recordid | cdi_proquest_reports_2387339592 |
| source | ABI/INFORM Global (ProQuest) |
| subjects | Borrowing Charities Couples Dividends Income taxes Investments Relief provisions Tax increases Tax planning Tax rates Taxable income Taxpayers |
| title | Tis the season to be tax planning |
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