Self-Assessment Tax Returns for the previous tax year 2008/2009, need to be submitted to HMRC by no later than 31st October 2009 for paper returns and 31st January 2010 for online returns.

General income tax personal allowance is set at £6,475.

Inheritance Tax Annual Exempt Amount, £3,000.00. Taxpayers are able to carry forward previous tax year's exemption if unused, giving maximum Annual Exemption of £6,000.00.

Inheritance Tax is first payable 6 months after the end of the month of death. Inheritance Tax attributable to land can be paid by 10 yearly installments.

Private_Client_Tax_Quick_Facts_Guide_2009.pdf