Self Assessment Tax Returns

Navigating the complexities of self-assessment tax obligations can be overwhelming, but CityTrust Accounts are here to simplify the process. Many of our clients fall into one of the following categories:

• Self-Employed or Partner in a Partnership: Managing your tax obligations is crucial to your financial success, whether self-employed or a partner.

• Company Director: As a limited company director, you have specific tax responsibilities that require careful attention to detail.

• Significant Savings or Investment Income: Whether you have substantial savings or investment income, ensuring compliance with HMRC regulations is essential.

• Untaxed Savings or Investment Income: If you have untaxed savings or investment income, it's essential to accurately report this on your tax return.

• Landlord: If you own land or property being let, you must report rental income and expenses on your tax return.

• High-Income Household Receiving Child Benefit: If your household receives Child Benefit and your income exceeds £60,000, you may need to complete a tax return.

• Income from Overseas: Individuals from overseas must ensure proper reporting and compliance with HMRC regulations.

• Sale or Gift of Assets: If you've sold or gifted assets such as a holiday home or shares, you may need to report capital gains on your tax return.

• Living or Working Abroad: Individuals who have lived or worked abroad or aren't domiciled in the UK may still have UK tax obligations.