Personal taxation and contribution

Nothing is certain but death and taxes. This rather fatalistic proverb tells us only the painful truth that we will not avoid paying taxes. However, it does not mean that we have no influence on how much and which taxes we pay. There are many ways to create your personal tax burden. Capital Business Links is always available to help you work out the best solution for your personal tax planning.

In general, depending on your personal financial situation you may be charged one or more of the following taxes:

• Income Tax is a tax on your taxable income reduced by your tax allowance and tax reliefs.
• National Insurance Contributions (NIC) are payments you make to be entitled to certain social security benefits, including National Health Service (NHS) and state retirement pension.
• Capital Gains Tax (CGT) is a tax on the profit generated from selling, transferring or exchanging non-inventory assets such as property, shares, business assets and personal possessions.
• Inheritance Tax (IHT) is a one-off tax paid on the estate of a person who has died.
• Tax on UK dividends is levied on income from UK company shares, unit trusts and open ended investment companies;

Capital Business Links Ltd has a pool of tax consultants specializing in personal taxation, including Income Tax, Capital Gains Tax, Inheritance Tax and Tax on UK dividends.

Our experts are readily available if you need any assistance to sort out your taxation issues. To learn more about our services or to make an appointment with one of our tax advisers, please contact us on telephone number 0208 567 99 44 or at our e-mail address.