2025 Year-End Tax Planning Checklist

The run up to the end of the tax year on 5 April 2025 is a good time to check that your family and business finances are arranged in the best way possible.

In this Year End Tax Planning Guide, we look at useful ways to take advantage of available tax reliefs and planning opportunities.

The Guide is divided into sections: planning points for companies and business owners; then points for families, couples and individuals. This is for ease of use, and there is inevitably some overlap.

Topical issues

Each year brings its own tax challenges, and this year is no exception. Key areas to think about include:

• forthcoming changes to Inheritance Tax
• changes to Business Asset Disposal Relief
• new emphases for profit extraction strategy
• the abolition of the furnished holiday lettings rules
• impact of basis period reform for unincorporated businesses
• increased employer National Insurance costs to come.

We explain these changes here, and suggest practical points for action. As your accountants, we have the insight into your affairs that can make an impact, and we look forward to being of assistance.

Download our checklist now. We’re here to help.