The run up to the end of the tax year on 5 April 2026 is a good time to check that your family and
business finances are arranged in the best way possible.
In this Year End Tax Planning Guide, we look at useful ways to take
advantage of available tax reliefs and planning opportunities.
The Guide is divided into sections: planning points for companies and
business owners; then points for families, couples and individuals. This is
for ease of use, and there is inevitably some overlap.
Note that throughout the Guide, we use the rates and allowances
for 2025/26, and that the term spouse is used to include a registered
civil partner.
Topical issues
Tax always brings its challenges, and this year is no exception. Key areas to consider include:
the effect of fiscal drag with the continuing freezing of the Personal
Allowance and key tax thresholds
the start of Making Tax Digital for Income Tax from April 2026, which
will impact some unincorporated businesses
an increase in the rate of tax on dividend income from 6 April 2026
measures impacting those with property income, including Making Tax
Digital for Income Tax; the continuing fall-out from the abolition of the furnished holiday letting rules; and the forthcoming introduction of a separate rate of tax for property income
forthcoming change to ISA rules
new limits for venture capital reliefs
further change to Business Asset Disposal Relief
the latest news on changes to agricultural property relief and business property relief
the extension of Inheritance Tax to unused pension funds and death benefits.
We explain these changes here, and suggest practical points for action.
Working with you
As your accountants, we have the insight into your affairs that can make a real impact, and we look forward to being of assistance.
Questions or queries?
Please do let us know if you have any questions or if you need any further help understanding the rules. – please call us on 01252 877477 or message us here.
Information correct at time of publication
This article was produced in February 2026 – please always check with Fuller Spurling that information is current, up to date and applicable to your situation.
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