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Glasgow
+44 (0)141 221 2984

Edinburgh
+44 (0)131 225 6366

Stirling
+44 (0)1786 451745

Dumbarton
+44 (0)1389 765238

Hamilton
+44 (0)1698 459444

French Duncan

Tax Planning Tips

The ideal tax system would be simple to use, for both the government and the public. The principle is that the government levies taxes to pay for public services such as health care, education and security, and responsible citizens are happy to pay their fair share.

However, the government also uses the tax system to direct people and businesses into certain forms of behaviour, such as saving for retirement. This is how the tax system becomes complex, as certain behaviours are rewarded by tax reliefs but other actions (or lack of action) are punished by tax penalties or higher tax rates.

Our Tax Tips highlight 50 ways in which you can use certain tax reliefs to your advantage, and how to avoid some of the tax penalties. You will find practical tips to help with your personal tax planning, property transactions, planning for retirement and savings and investment.

We will publish one tax tip each week, covering a range of topics. Please note that this this content is for general information only and is not intended to be advice to any specific person. As with all tax planning, you are recommended to seek competent professional advice before taking or refraining from taking any action on the basis of the contents of this publication. This publication represents our understanding of law and HMRC practice as at 1 May 2018. 

If you are looking for specific tax advice please contact our expert tax team.

Click on the topic below to access the relevant tax tips.

 

Tax Tips Employment Remuneration  Tax Tips Estate Planning 
 Tax Tips Overseas Aspects  Tax Tips Personal Family Planning
 Tax Tips Retirement Planning  Tax Tips Savings Investment
 Tax Tips Your Business  Tax Tips Your Property