Liz Goldie

Assistant Manager

“With careful planning, and utilisation of reliefs and allowances available, there are ways to mitigate capital gains tax liabilities.

If you are intending on making a capital disposal, discuss this with your tax advisor in advance to ensure that the disposal is carried out as tax efficiently as possible.”

Jordan Forbes

Trainee Tax Advisor

“Personal tax payments are due on 31 January and 31 July, and are typically based on what happened in the prior year.

If you have a major change in circumstances such as falling profits, cessation of business or pension contributions, then consider speaking to your tax advisor about whether these can be reduced.”

Sandi Drummond

Supervisor

“Many businesses have valuable assets such as land & buildings, intellectual property, investments and cash which they would prefer not to subject to business risk.

Should your business be restructured to ensure that your key assets are ring fenced away from trading risk? Discuss this possibility with your tax advisor.”