Tax laws change every year and sometimes more often than that. You need to review your personal finance situation regularly to make the most of your reliefs and allowances, and to ensure you save tax wherever possible. These Tax Tips are designed to act as prompts to help you judge which ideas might be relevant to you or your business. This guide has been revised in the light of the changes to the law proposed in the 2012 Budget.
This publication is for general information only and is not intended to be advice to any specific person. As with all tax planning, you are recommended to seek competent professional advice before taking or refraining from taking any action on the basis of the contents of this publication. The publication represents our understanding of law and HM Revenue & Customs practice as at 31 May 2012.
The FCA does not regulate taxation advice and some aspects of buy to let arrangements.
Levels, bases of and reliefs from taxation may be subject to change.
The value of your investment can go down as well as up and you may not get back the full amount invested
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice, the precise amount of the fee will depend upon your circumstances but we estimate that it will be £250