Year End Tax Planning - Checklist

• Have you considered the timing of dividends or bonuses to minimise additional rate tax this tax year and next?
• Have you used this year’s individual savings account allowance and made any investments in enterprise investment schemes and venture capital trusts before 6 April 2012?
• Could you transfer income to your partner to minimise higher and additional rate taxation next year?
• If you are in business, have you timed your capital expenditure to maximise 100% tax relief?
• Have you used your annual capital gains tax exempt amount by making any available disposals before 6 April 2012?
• Have you used your annual inheritance tax allowances?
• Are you investing enough in your pension if you wish to, or have to, retire earlier than state pension age, which is likely to keep on going up?
• If your child or another relative is buying a first home for between £125,001 and £250,000, can they complete before 25 March 2012 and so pay 0% stamp duty land tax?

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