What are dividends? How much tax do you pay on them? Dividends are a tax-efficient way of extracting profit from a family business.
If you inherited a property that you then sold for less than the property was valued upon death, you could get a refund for the difference of the Inheritance Tax.
The UK tax year ends on 5 April and so February and March can provide a last-minute chance to save some tax with a bit of careful planning.
Did you know that you will be liable to a 5% penalty in addition to interest charges if your tax is paid more than 30 days late?