For most U.S. taxpayers the 31st December is the last day you can make any changes that will impact on your 2016 tax returns. Gillian Everall from Everfair Tax recommends that you give yourself plenty of time to consider options for maximising your tax position and has put together some pointers to help you get the ball rolling. Start with your Capital Gains Tax and decide whether you can sell assets to realise a capital gain or loss to ensure you minimise any capital gains tax payable. This allowance cannot be carried forward to subsequent years, so we would advise clients to use this tax-free allowance and reduce the risk of incurring significant Capital Gains Tax bills in subsequent year
Silk Trading Route between China and India
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