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It is possible to reduce the amount of income tax you pay. There are many well document ways such as making use of ISAs. On these pages we have concentrated on less well know ways, but which are in our view potentially more effective……..
Capital gains tax, or CGT as it is called for short, is payable on the increase in the value of an asset when it is sold or disposed of. This is often shares, or share based investments, but more lately second properties have been quite common. But it could be things…….
Inheritance Tax (IHT) now affects millions of people – and not just the super-rich. Rising house prices and increased personal wealth mean that many of us now have assets in excess of the modest threshold. Inheritance tax is payable on assets in the event of death …