TAX DEADLINES TO BE AWARE OF BEFORE 31st DECEMBER 2014

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MP900382634[1]2014 is nearly finished. Before the year is out,  the following deadlines should be considered to ascertain whether they are applicable to your particular circumstances.

INCOME TAX

  • Claiming refunds is time barred after four years. Any tax refunds due for year ended 31st December 2010 must be claimed by 31st December 2014. These  could include:

-Medical Expenses

-Tax Credits

CAPITAL GAINS TAX

If you have disposed of any chargeable assets in the period 1st January 2014 to 30th November 2014, the Capital Gains tax thereon is due to be paid by 15th December 2014. For any disposals in December 2014, the capital gains tax is due by 31st January 2015. Some examples of chargeable assets include land,property and shares.