Personal Tax

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Key changes to National Insurance Contributions
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Changes to the non-domicile rules

From April 2025, the UK will replace the remittance basis with a new foreign income and gains regime. Penny White, Associate Director Personal Tax expounds on these complex changes and recommends seeking a bespoke professional advice.

Dealing with all aspects of tax planning for individuals to keep your taxes in order.

Whether you are seeking general assistance with your tax return, or you are an international entrepreneur with global income sources, investments and residency issues, we adopt the same tailored approach.

Challenge assumptions and mitigate where possible

Core services

Tax returns

International tax

Capital Gains Tax (CGT)

Inheritance Tax (IHT)

Tax returns

Each year, Shaw Gibbs’ Personal Tax department complete a large number of tax returns. We've built long lasting bonds, having worked with certain clients for over 25 years. Our professional, tailored service has led to many happy clients, with 97% saying they would recommend us.

UK self-assessment taxpayers have until the 31 October to complete and submit their paper tax return to HMRC. Failure to do so will result in an automatic fine. For those that file online, however, the deadline is extended to 31 January.
Most individuals and businesses are to be given individual digital accounts that will allow them to submit tax information regularly in real-time.
Book a Meeting

UK self-assessment taxpayers have until the 31 October to complete and submit their paper tax return to HMRC. Failure to do so will result in an automatic fine. For those that file online, however, the deadline is extended to 31 January.
Most individuals and businesses are to be given individual digital accounts that will allow them to submit tax information regularly in real-time.
Book a Meeting
International tax

For many individuals, the UK tax situation should be relatively straight forward, but for those retaining property and investments outside of the UK, or wishing to transfer sums of income and capital into the UK to cover living or other expenses, the UK tax position can become a lot more complicated.

We help our non-resident and non-domiciled clients file their tax returns to the UK tax authorities. We also help individuals assess whether or not they are UK resident for tax purposes under the Statutory Residence Test In doing so, we ensure that double taxation is kept to an absolute minimum.
Book a Meeting

We help our non-resident and non-domiciled clients file their tax returns to the UK tax authorities. We also help individuals assess whether or not they are UK resident for tax purposes under the Statutory Residence Test In doing so, we ensure that double taxation is kept to an absolute minimum.
Book a Meeting
Capital Gains Tax (CGT)

Capital Gains Tax (CGT) is payable when you sell relevant assets such as shares or property and make a profit in excess of the annual exemption. CGT is broadly payable on the difference between the allowable costs of the relevant asset and what you sold it for.

In order to mitigate CGT, it is important to seek expert advice early on in the process. At Shaw Gibbs, we are able to calculate the CGT that you have to pay on disposal, while advising on the reliefs and exemptions available such as Principle Private Residence (PPR) relief. In addition, we have extensive expertise in working with non-UK residents and UK CGT implications.
Book a Meeting

In order to mitigate CGT, it is important to seek expert advice early on in the process. At Shaw Gibbs, we are able to calculate the CGT that you have to pay on disposal, while advising on the reliefs and exemptions available such as Principle Private Residence (PPR) relief. In addition, we have extensive expertise in working with non-UK residents and UK CGT implications.
Book a Meeting
Inheritance Tax (IHT)

Inheritance tax (IHT) is levied on a person’s estate when they die, and certain gifts made during an individual’s lifetime. Most gifts made more than seven years before death will escape tax. Therefore, if you plan in advance, gifts can be made tax-free: the result can be a substantial tax saving.

In seeking professional advice, there is scope for substantial savings surrounding IHT. At Shaw Gibbs, we look to tailor our strategy to fit your situation. We look to take into account your circumstances and aspirations, whilst focusing on your long term financial security.
Book a Meeting

In seeking professional advice, there is scope for substantial savings surrounding IHT. At Shaw Gibbs, we look to tailor our strategy to fit your situation. We look to take into account your circumstances and aspirations, whilst focusing on your long term financial security.
Book a Meeting

Added value services

Property tax

Individual that own and let property face a number of changes in regards to their rental income and the deductions they can make from their rents for income tax purposes.
At Shaw Gibbs, we have extensive experience in the property industry, so we can help you to explore your planning options in more detail.

US tax compliance

Relevant US persons (those with a US passport, Green Card or born in the US) are required to submit an annual US tax return wherever they reside, with few exceptions. In addition, US persons resident abroad are required to submit an annual form detailing foreign financial accounts they own or have control over.
Shaw Gibbs, working with a carefully selected IRS registered preparer, are able to help US persons to keep up with their annual filings, remaining US compliant without incurring late filing penalties.

Trusts and estates

Trusts are important in helping you protect and provide for your future. Whether you have a certain goal that you are saving for, such as a comfortable retirement, or your child’s university fees, trusts can be very influential in asset management.
We can provide administration for the trust in terms of preparing accounts and completing tax returns. We can also offer advice regarding the tax implications surrounding the trust. Furthermore, we are able to act as trustee to your trust and assist with any disputes if they arise.