Plan ahead and pay only the tax you owe

Tax planning means arranging your affairs so you pay the right amount of tax and no more, using the allowances and reliefs the law provides. For most people that includes how you draw an income, pension contributions, when you make large purchases and how you plan a sale. It's entirely legitimate, and it works best when it's done before decisions are made rather than afterwards.

It depends on your income, how your business is set up and what you're planning. For a quick first estimate, try our free tax calculator at /tax-calculator/. It's a useful starting point, but it can't account for everything, so book a free consultation and we'll look at your actual figures.

As early as possible, and ideally well before the end of the tax year or your company's year end. Once a year has closed, there's very little that can be changed. It's also worth speaking to us before any big decision — selling a property, taking on a new one, incorporating your business or making a large pension contribution — because that's when planning makes the biggest difference.

Yes, ideally. Capital Gains Tax can be significant, and the options for reducing it are usually limited once the sale has gone through. When you sell a UK residential property with tax to pay, you must also report the sale and pay the tax within 60 days of completion. We'll work out your likely gain beforehand and make sure the return is filed on time.

Sometimes it makes sense, sometimes it doesn't. A limited company can reduce tax on higher profits, but it brings extra costs and paperwork, and moving property into a company can trigger other taxes. We'll run an incorporation review using your real numbers and plans, so you can make the decision with the full picture.