Income Tax for Investors
Those who have investments that generate income generally have their interest, dividends (and so on) taxed at source. However, in the final computation your investment income is added to your other income which means even if tax has been deducted at source… there may be more tax to pay.
Investments can yield income and gains and these are treated differently so it is important to identify and manage investments to ensure they are arranged tax-efficiently.
Investment income can include income from rental properties which is dealt with in a very specific way.
A financial advisor can help you manage your investments, and then Astons Accountants can help you with filling in your tax return and calculating the tax due each year.
How Can We Help?
If you have investment income it is more likely that you will get an adjusted tax code or pay too much tax,
so if you want to save tax wherever possible, call Astons Accountants who are always happy to help with tax issues.
If you want to know more or talk about your specific situation, call us and we will talk it through with you.