Description:2006/07 has been a significant year for UK tax legislation, seeing in the introduction of a new personal pensions regime, the abolition of the nil starting rate for Corporation Tax, and the alignment of Inheritance Tax for the various types of trusts. This book 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