Year End Tax Planning Guide

Tax always brings its challenges, and this year is no exception. Key areas to consider include:

• the effect of fiscal drag with the continuing freezing of the Personal Allowance and key tax thresholds
• the start of Making Tax Digital for Income Tax from April 2026, which will impact some unincorporated businesses
• an increase in the rate of tax on dividend income from 6 April 2026
• measures impacting those with property income, including Making Tax Digital for Income Tax; the continuing fall-out from the abolition of the furnished holiday letting rules; and the forthcoming introduction of a separate rate of tax for property income
• forthcoming change to ISA rules
• new limits for venture capital reliefs
• further change to Business Asset Disposal Relief
• the latest news on changes to agricultural property relief and business property relief
• the extension of Inheritance Tax to unused pension funds and death benefits.

We explain these changes here, and suggest practical points for action.

Working with you

As your accountants, we have the insight into your affairs that can make a real impact, and we look forward to being of assistance.