Tax and Inheritance

According to recent research, as a nation we paid out nearly £4 billion in unnecessary tax in the year 2001-2002. Well over £80 million went on fines and penalty interest paid by the 808,000 taxpayers who failed to get their tax returns in on time. But most came from people paying more tax than they legally had to. Deliberately concealing income or gains - or claiming bogus expenses - is tax evasion and it's a crime. But taking legitimate steps to avoid unnecessary tax by using the tax rules is perfectly acceptable.

In this section, you'll find some great tax saving tips as well as advice on capital gains tax. There's also a look at inheritance tax, with ways to avoid paying too much.