Tax Favoured Investments
If you are looking for a way to mitigate capital gains tax (CGT) and retain valuable Inheritance Tax (IHT) exemptions, Green & Co can give you invaluable advice on the Government-backed Enterprise Investment Scheme (EIS). Higher rate tax payers looking to minimise their tax may find that Venture Capital Trusts (VCTs) are worth considering. Green & Co have considerable expertise and experience in this area, and can help you decide if the government-backed trusts are the right choice for you.
Contact us for more information on tax favoured investments
Profit extraction
Do you have spare cash in your company and would ideally like to be able to extract it but do not want to pay too much tax?Pensions
With a pension drawdown, did you know that you could extract the pension tax-efficiently and make it inheritance tax exempt in just two years?Retirement planning
Have you maximised your pension contributions? Perhaps you do not like pensions for retirement planning?Tax rebates
Do you want to receive a tax rebate on your investments without having to pay into a pension?Capital gains tax
Have you paid capital gains tax in the last three years and would like to be able to reclaim it? Would you like to sell an asset but do not want to pay CGT?
Inheritance tax
Are you thinking of selling your firm? Did you know there is a way of being able to keep your inheritance tax exemption on the proceeds? Or have you already sold a farm or business? If so, you will have lost the IHT exemption on the farm/business, but did you know that you could regain the valuable tax relief, provided you act within three years?
Income tax
By investing in the EIS, income tax relief of 30% will be due on the amount invested, thereby significantly reducing any higher rate liability.
Contact us for more information on tax favoured investments
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Whatever your accounting needs, we can help. Contact us to get professional and experienced advice from our team.
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