Tax Saving Tips
Browse all articles in the Tax Saving Tips tag
Income Tax
UK Taxation of Indian Mutual Fund: Income vs Capital Gain | Exception Explored
January 26, 2025
The taxation of mutual fund proceeds received by UK residents from India has a significant impact on financial planning. The key question often revolves around whether to treat these proceeds as income or capital gains under UK tax laws.This determination depends on the nature of the fund, its classification under UK tax regulations, and whether… View Article
Read MoreCGT relief
Plan Your Capital Gains Tax on Residential Property Using Private Residence Relief
January 24, 2025
Effectively managing capital gains tax (CGT) on residential property can make a significant difference when selling your home or investment property. This article focuses on utilising Private Residence Relief (PRR) and Letting Relief to optimise your tax position. Whether you’re dealing with capital gains on main residence or calculating capital gains tax on your primary… View Article
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5 forgotten loss relief individual can claim in tax return
March 10, 2023
What do you mean by a loss in parlance to the Income tax regulations? In the context of income tax, a loss is the amount by which an individual’s total allowable expenses exceed their taxable income in a given tax year. This means that the individual did not earn enough income to cover all of… View Article
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7 Tax Saving Tips To Cope With The Cost Of Living Crisis In UK
November 04, 2022
If the pandemic was not enough to cause havoc on the economy, the recent Russian invasion of Ukraine has caused an unprecedented rise in inflation. Out of all the countries deeply affected by this recent development, UK is the most affected. The worst fits are the food and energy. Although the Government is taking ample… View Article
Read MoreSelf Employed
Tax Saving Guide by an Accountant for Self-Employed
June 02, 2021
As an accountant for self-employed in UK the most common question that I come across is “how do I reduce my tax burden?” In other words, how can tax savings be done for a person who is self-employed. Well, my answer to the query is that right knowledge about the prevailing law can help you… View Article
Read MoreMarriage Allowance
5 Vital Insights about Marriage Allowance
February 26, 2021
Are you aware of this fact that the UK tax regulations authority (HMRC) offer marriage allowances to partners or spouse? This is one of those additional tax perks that makes it easier for a partner or spouse in UK to reduce their tax burden. So, let’s take a look at how this works? 1 Understanding… View Article
Read MoreNews
Teach your children and yourself the ABC of finance
April 07, 2020
“Chalo Kuch Man ki Karona“ A drive to make British Indians proud by spreading positivity and knowledge in the time of great depression of COVID19. Teach your children and yourself the ABC of Finance !! Free training for all age above 7+.Starting from Saturday 11th April 6:30 pm to 7:15 pm UK Time Watch Online:… View Article
Read MoreTax Saving
Leaving the UK – Claim Tax Refund
December 08, 2017
It is important to get your tax calculated right when you leave UK for good in between of tax year. You can use P85 form online to claim tax relief or a repayment of tax
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Tax Saving Tip 2 : Gift Aid Tax relief
August 18, 2017
Are you a Higher-rate UK Tax Payer? Do you visit English Heritage sites, musuem, reasearch center more often along with family? (such as; Stonhenge, Dover Castle, Tintagel Castle & Minack Theatre etc.) Have you thought aboout claiming tax relief?
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