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Making the most of your tax allowances for the 2021/2022 tax year

03.03.2022

Private Client

Making the most of our tax free allowancesThe end of the 2021/22 tax year is fast approaching, what should I be thinking about? 

Make plans to manage your tax liabilities for the current tax year ending 5 April 2022 now whilst current reliefs, exemptions, and allowances are still with us.  There are allowances, relief, and exceptions across income tax, capital gains tax, inheritance tax, and VAT, have a read and see how you can benefit

Income Tax 

Capital Gains Tax (CGT) 

Inheritance Tax (IHT)  

VAT 

 

If you would like one of our tax advisers to help you navigate through the minefield, call 01223 810100 or email us help@cklg.co.uk for friendly help and advice.     

 

For those of you that have not yet filed your 2021 Tax Return, do it before 28 February 2022 to avoid late filing penalties.  You should also settle any outstanding tax due for 2020/21 by 1 March 2022 to avoid late payment penalties.  

 

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