Finance Matters ; Steve Collins, Partner and Head of Taxation at Francis Clark, Advises On Some Possible Methods for Avoiding the Worst of the 50 Per Cent Regime

Summary

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HIGHLIGHTED in the Budget earlier this year were announcements stating that higher earners would be subject to a 50 per cent tax rate, as well as other tax grabs based on income levels.

Much has been made in the press about these announcements and the tax planning profession has been using this time to consider viable solutions for its high earning clients.

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Extract

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Finance Matters ; Steve Collins, Partner and Head of Taxation at Francis Clark, Advises On Some Possible Methods for Avoiding the Worst of the 50 Per Cent Regime

This is what will happen. From April 6 2010 a new income tax rate of 50 per cent will be introduced on taxable income over Pounds 150,000. Dividend income, currently taxed at 10 per cent where it falls within the basic rate b...

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