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This report is aimed at owners and managers of businesses, and offers advice on the tax implications of their business decisions. It guides owners towards both business choices and personal transactions that will help to secure opportunities for tax reduction. In the midst of wide-reaching change in tax regulations, the author, a financial consultant and lecturer, uses his experience and expertise to provide a timely advisory text, which concentrates specifically on relieving the tax burden. Contents overview: Income from Companies; Savings and Investments schemes; Sole traders and partnerships; Income tax of individuals; Corporate tax; Capital allowances; Capital gains; Inheritance tax; Trusts; Value added tax.