Taxation

This is an area of tax which, to minimise any liabilities, requires a great deal of forward planning.

Corporation Tax is paid by limited companies on their profits at varying rates, according to the amount of profit the company makes.

Not a tax you will pay on your own assets, but may be paid by those to whom you leave your assets, unless you have looked at the number of ways in which this tax can be minimised.

Self assessment tax returns are complicated.