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Year end tax planning for individuals ― overview


Produced by a Tolley Personal Tax expert
Personal Tax
Guidance
tag-icon Year-end tax planning

Year end tax planning for individuals ― overview


Produced by a Tolley Personal Tax expert
Personal Tax
Guidance
tag-icon Year-end tax planning
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STOP PRESS: The remittance basis is abolished from 6 April 2025, although this only applies to foreign income and gains arising on or after that date. The remittance basis rules still apply to unremitted income and gains arising before that date but remitted later. The legislation is included in FA 2025. For more details, see the Abolition of the remittance basis from 2025/26 guidance note.

Taxpayers may wish to consider basic tax planning arrangements in order to reduce the overall tax burden for them or their family.

This is normally considered at the end of the tax year, either to reduce the liability for that tax year or to put arrangements in place that will reduce the liability in future tax years.

Summary of guidance notes on personal tax year end planning

The guidance notes covering year end planning are split up by tax.

For a checklist summarising year end planning for income tax, national insurance and capital gains tax, see the Checklist ― year end planning for income tax, national

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  • 23 Mar 2025 22:23

Home/ Tolley Tax Guidance/ Personal Tax / Year end tax planning

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