A client approached ETC Tax requiring assistance with a complex Self-Assessment tax return. Their affairs included employment income, rental properties, dividend income, investment gains and overseas bank interest, making it difficult to ensure all income had been reported correctly and tax reliefs claimed appropriately.
The client had:
Having previously prepared their own tax returns, they were concerned that income may have been omitted and that they may have missed opportunities to reduce their tax liability. They also wanted reassurance that their return would withstand HMRC scrutiny.
By applying the available reliefs and losses, we reduced the client's overall tax liability by approximately £9,800 compared to their initial calculations.
The return was submitted accurately and on time, with full supporting documentation retained should HMRC raise any future queries.
Mr A’s Self-Assessment return was filed with the correct crypto figures, backed up by proper calculations. Any allowable losses were also picked up, meaning he didn’t pay more tax than he needed to.
The client gained confidence that their complex tax affairs had been reviewed thoroughly by specialists. In addition to achieving a significant tax saving, they had peace of mind that all income had been correctly reported and that no valuable reliefs or allowances had been overlooked.
If this is a situation you are in or you have any queries do not hesitate to contact us enquiries@etctax.co.uk
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