Pre year-end tax planning is more important than ever given the impact of COVID-19.
Tax planning is underpinned by asset values, and making use of allowances and reliefs that are available in a tax year. Our recent year-end tax planning article deals with measures that you would normally be considering at this point of the tax year.
With sudden falls in asset values, it is important to consider possible actions in even more detail:
Depending on personal circumstances, there are many tax liabilities that are linked to asset values and trading conditions. Speak to your normal Crowe contact to help you through the challenges and identify opportunities to help reduce your tax burden.
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