{"id":775,"date":"2019-12-03T00:00:00","date_gmt":"2019-12-03T00:00:00","guid":{"rendered":"http:\/\/taxbak.co.uk\/index.php\/2019\/12\/03\/time-is-running-out-for-tax-planning-2019-20\/"},"modified":"2019-12-03T00:00:00","modified_gmt":"2019-12-03T00:00:00","slug":"time-is-running-out-for-tax-planning-2019-20","status":"publish","type":"post","link":"http:\/\/taxbak.co.uk\/index.php\/2019\/12\/03\/time-is-running-out-for-tax-planning-2019-20\/","title":{"rendered":"Time is running out for tax planning 2019-20"},"content":{"rendered":"<p>A reminder that in just a few months the present tax year closes, 5 April 2020.<\/p>\n<p>After this date, a whole raft of 2019-20 tax planning options for individuals will cease to be available.<\/p>\n<p>These cover a multitude of opportunities to reduce your liability to Income Tax, Capital Gains Tax and National Insurance. These opportunities include, but are not limited to:<\/p>\n<ul>\n<li>Remuneration choices for director\/shareholders of small companies,<\/li>\n<li>Pension planning,<\/li>\n<li>Tax effective gifts to charities,<\/li>\n<li>Repaying certain benefits to employers &ndash; for example, repaying any private petrol provided,<\/li>\n<li>Reviewing tax efficient use of investment allowances &ndash; planning capital expenditure,<\/li>\n<li>Maximising use of the &ldquo;trivial benefits&rdquo; exemption,<\/li>\n<li>Gifting income producing assets to spouse or civil partner,<\/li>\n<li>Considering options if your total annual income is approaching &pound;100,000 for the first time. Income over this figure will trigger a gradual reduction in your personal tax allowance.<\/li>\n<\/ul>\n<p>We cannot list all of the available options here. Each person&rsquo;s financial affairs are to some extent unique.<\/p>\n<p>If you have not yet considered your options, please call so we can act before it&rsquo;s too late.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>A reminder that in just a few months the present tax year closes, 5 April 2020. After this date, a whole raft of 2019-20 tax planning options for individuals will cease to be available. These cover a multitude of opportunities to reduce your liability to Income Tax, Capital Gains Tax and National Insurance. These opportunities [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-775","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-left-layout","blog-style-postblock","","blog-alt-odd"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=775"}],"version-history":[{"count":0,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/775\/revisions"}],"wp:attachment":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=775"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}