If you are lucky, your tax affairs will often fall into a regular and understandable pattern for long periods throughout your life. But then a life event happens which throws your tax world into confusion or means you have to make decisions, often without adequate information.
In this section we cover a few of those life events.
The first event we cover is Marriage separation where the tax ramifications are not all that numerous but where, if they do apply, it can be a serious matter if they are not considered.
Raising money from your home is an event which, unfortunately, is becoming more common as recession bites deeper and people need to raise capital for daily living. It can also be attractive to unlock capital for other purposes, but there are tax and more general financial considerations.
Probably the most common event is Coming up to retirement where adjustments to new levels of income have to be made and the sources of income change together with the tax regime which applies.
Death and taxes - neither can be avoided for ever. Death not only has to be dealt with in tax terms for the person who has died, but the effects of that death can significantly change the lives of others. We cover the situation of the Death of a spouse as well as covering the duties which flow from Being an executor or personal representative.
