This week the new tax year started. Before finishing last tax year we did final dividend planning with clients to ensure they made the most of their allowances before the new 7.5% dividend tax came in. Also the new £5,000 dividend allowance came in and from now on all interest on your bank accounts will be received gross!
Also new rules began this week with NO more 10% Wear and tear allowance for furnished rental properties.
Personal allowances increase to £11,000