Key 2019/20 UK Tax Changes for websters Sydney Clients

08/04/2019
Key 2019/20 UK Tax Changes for websters Sydney Clients

Personal Tax Personal allowance will increase from £11,850 to £12,500. Individuals (other than Scottish residents) will only be liable to higher rate tax if their total income exceeds £50,000 (before the personal allowance). For Scottish residents, the higher rate will apply if an individual’s total income exceeds £43,430. The higher rate in Scotland is 41%,…

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2019 Year End Tax Planning – Australia

08/04/2019
2019 Year End Tax Planning – Australia

As the 2019 financial year draws to a close on 30 June 2019, the below outlines some key tax planning strategies which could be implemented to increase tax efficiency. Prepaying Tax-Deductible Expenses Per the general prepayment rules, if you incur certain allowable deductible expenses in the year which relate to an eligible service period which…

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