101 Practical Tax Saving Tips Contents

Ian McTernan has put pen-to-paper once again and produced this guide that tells you exactly 'How to beat the taxman and increase your wealth'.

This guide is for anybody who wants to save tax.

See below for contents of the guide. About the Author

1. Individual Savings Accounts
2. Bank and Building Society Interest
3. Use the Non-Taxpayers Allowances
4. Dividends and Non-Taxpayers
5. Utilising Your Annual Capital Gains Tax Exemption
6. Transferring and Utilising Your Spouse's Annual Capital Gains Tax Exemption
7. Pension Funding
8. Advanced Pension Funding
9. Invest in a Venture Capital Trust
10. Invest in an Enterprise Investment Scheme (EIS)
11. Offshore Investments
12. Use Your Inheritance Tax Allowance
13. Age-related Tax Allowances
14. Bonus/Dividend Timing
15. Dividends - Below the Higher Rate Threshold
16. Dividends and Year Skipping
17. Company Cars - the CO2 Rating
18. Company Car or Car Allowance?
19. Employ Your Family
20. Income From a Family Trust
21. Children's Income
22. Married Couple's Allowance
23. Claim Your Tax Credits
24. Overseas Pensions
25. Shop Around for Your Annuity
26. Take Your Tax - Free Lump Sum
27. Immediate Vesting Pension Schemes
28. State Pension Entitlement
29. Stop Paying National Insurance
30. Reclaim Your Tax
31. Provision of Computer Equipment
32. Quarterly PAYE Payments
33. Dispensations for Employers
34. First Year Capital Allowances
35. Short Life Assets
36. Claim Your Pre-Trading Expenditure
37. No SAI Format if Turnover Below £15,000
38. Submit Your Tax Return Before 30th September
39. Use Rounding in Your Tax Return
40. Avoid Unnecessary Interest and Penalties
41. Do You Need a Tax Return?
42. Registering Your Capital Losses
43. Registering Your Rental Losses
44. Utilise Rent a Room Relief
45. Furnished Holiday Lettings
46. Claim Your 10% Wear and Tear Allowance
47. Timing Your Life Assurance Gains
48. Use the Gift Aid Scheme
49. The Accrued Income Scheme
50. Indexation Relief
51. Taper Relief
52. Principal Private Residence Relief (PPR)
53. Private Lettings Relief
54. The 36 Month Rule
55. Payments on Account
56. Check the Revenue's Computation
57. National Savings Certificates
58. Children's Bonus Bond
59. Film Partnerships
60. Enterprise Zone Trusts
61. Do You Have Savings and are Still Paying a Mortgage?
62. Second Hand Endowment Policies
63. Pension Funding By Companies
64. Pension Funding - The Nominated Year
65. Self - Employed then Consider Incorporation
66. Earnings and the Entitlement to State Retirement Pension
67. Children and Gifts of Capital
68. Losses and Tax Credits
69. Small Earnings Exemption for Class 2 NIC (the 'stamp')
70. The 10% Starting Rate of Tax
71. Carry Back Your Pension Contributions
72. Unlisted Share Losses
73. Interest Relief
74. Interest Relief on Borrowings to Fund Businesses
75. Further Means of Generating a Tax Free Income
76. Another Further Means of Generating a Tax Free Income
77. Maximising a Low Income Year
78. Defer Your Income
79. Distributions From Trusts
80. Timing of Bonus Payments
81. Farmers Averaging
82. Authors, Composers and Other Creative Artists
83. Cutting Your Fuel Benefit Scale Charge
84. Check Your P11D Benefits
85. Working Abroad - Tax Free Trips for your family
86. Choosing Your Accounting Date
87. Choosing a Cessation Date
88. The Use of Income Losses Generally
89. The Loss Relief Extension
90. Commencement Losses
91. Losses and Capital Allowances
92. Timing Your Capital Expenditure
93. Should I Register for VAT?
94. The VAT Cash Accounting Scheme
95. Taper Relief and Losses
96. Is Bed and Breakfasting Dead?
97. Roll-over Relief
98. Rebasing to 31st March 1982
99. Timing Your Disposals for CGT
100. IHT & Gifts Out of Income
101. IHT NIL Rate Band and First Death
102. Make a Will
103. Potentially Exempt Transfers
104. IHT & Gifts Between Spouses
105. IHT & Deeds of Variation
106. IHT & Business Property Relief

A Final Word…..