Individuals are often challenged by the range of tax regulations which affect them and their personal wealth. Our team of tax advisers are on hand to help you face these challenges by providing a comprehensive advisory service on all aspects of personal tax.
Self assessment does not apply to the majority of people who pay tax through PAYE system. However self assessment can apply if you are self employed, a company director or a trustee or personal representative. Failure to meet your self assessment obligations can result in significant interest and penalties. Our personal tax specialists can help you complete your tax return, calculate your tax liability and advise you on payments due.
CAPITAL GAINS TAX (CGT)CGT normally affects you if you dispose of or transfer an asset. We will work with you to ensure you avail of any tax exemptions and reliefs, limit your tax liability and pay your CGT on time.
CAT may be payable on property and assets received by way of gift or inheritance. Our expert advice will ensure you fully utilise any reliefs and allowances available to limit your CAT liability and pay on time.
The rules applicable to informal or formal separation and divorce can be complex and may not even be considered during a stressful time. At BDO we can assist and advise you on the tax issues that arise during marital breakdown. Our services in this area include advices on: Maintenance payments, Inheritance tax and succession planning tax issues, Property tax issues including transfer of family home.
