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Savings and investments

Expert commentary and practical guidance from ICAEW related to the taxation of savings and investments in the UK personal tax regime, including the taxation of dividends.

In this section

Practical guidance

ICAEW's Tax Faculty produces TAXguides to provide practical support on technical areas of tax

TAXguide 02/19: Cleansing of mixed funds

This guide considers the areas of uncertainty in the Finance (No. 2) Act 2017 statutory provisions for the cleansing of mixed funds. It is formed of questions and answers from ICAEW and other professional bodies, together with comments from HMRC.

Features and articles

Insider dealing: August Equity’s MBO of StarTraq

Carefully studying the opportunity in a niche sector has paid dividends for August Equity in the past. Investment partner Mickey Patel discusses the firm’s latest move into public sector software-as-a-service.

The keeping of horses not a trade for EIS relief

There have been a number of tribunal cases where appeals have failed as a result of there not being a recognisable trade, e.g. Babylon Farm Ltd v HMRC [2021] UKUT 224 (TCC) regarding the sale of hay for horses.

Webinars and recordings

Capital Allowances

Brought to you by the Tax Faculty, this webinar covers the capital allowances landscape following the provisions in the 2021 Finance Act.

Bloomsbury Accounting and Tax Service

Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising around 80 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Accounting and Tax Service.

Venture capital reliefs

Expert commentary on the current UK capital gains tax legislation related to venture capital reliefs: SEIS, EIS, VCT and SITR.

Pensions and investments

Tax rates and tables for pensions and investment schemes, updated to reflect measures announced in the Spring Budget on 6 March 2024 and changes proposed in the Spring Finance Bill 2024. Helpful additional commentary is included with the rates and tables.

Savings and investments

A full chapter providing a practical overview of the taxation of savings and investments in the UK.

Share issues and financing the company's activities

Advice on tax planning for share issues and company financing, written for anyone who advises or runs a family or owner-managed company.

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Dividends received

Outlines the provisions which exempt UK dividends from taxation under the Corporation Tax Act 2009.

Trading income

Explains how corporation tax applies to trading income and the ways in which it differs from income taxation. Covers the annual investment allowance and capital allowances for plant and machinery.

Aggregation of taxpayer's income

Summarises the three chief sources of income which must be aggregated in tax computations, organised under non-savings income, savings income tax, and dividend tax rates. It also notes a number of sources exempt from income tax.

Personal allowances deducted from net income

Introduces personal allowance and blind persons's allowance for taxable income. Also covers the trading allowance and property allowance.

Computation of tax

Provides details of the three different sets of tax rates under the Income Tax Act 2007: non-savings income, savings income, and dividend tax rates. This section includes a note on the extension of the basic rate band.

Savings and investment income

A chapter covering the tax treatment of various forms of savings and investment income, such as bank interest, share and unit trust dividends, rents, and income from trust funds. The author gives tax saving tips, and illustrates points with real-world examples.

Valuation: measuring and managing the value of companies

This latest edition has been revised and updated throughout, and includes new insights on topics such as digital, ESG (environmental, social and governance), and long-term investing, as well as fresh case studies. Clear, accessible chapters cover the fundamental principles of value creation, analyzing and forecasting performance, capital structure and dividends, valuing high-growth companies, and much more.

Daily Telegraph tax guide 2020: Your Complete Guide to the Tax Return For 2019/20

The Daily Telegraph Tax Guide is the UK's bestselling tax handbook, containing everything you need to know about completing a self-assessment tax return for 2019/20.

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Representations

ICAEW REP 29/18

MTD - Interest harmonisation and sanctions for late payment

ICAEW Rep 23/18

Taxing gains made by non-residents on UK immovable property

Further support

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