Transferring your home to your children might seem like a smart move to avoid inheritance tax or simplify estate planning. However, this decision often leads to significant tax implications and other financial pitfalls that can outweigh the perceived benefits. (Read

Updates to the High-Income Child Benefit Charge (HICBC) for the tax year 2024/25 introduce significant adjustments that will impact many families. The key change involves raising the threshold at which the charge begins, from £50,000 to £60,000. This article explores

In April 2020, changes were introduced that limit the tax relief landlords can claim on finance costs for residential properties. These changes, which restrict mortgage interest relief to the basic rate of Income Tax, have far-reaching implications for landlords to

When selling a business, the consideration received may be deferred and contingent on specific events. This means the exact amount payable may be known (ascertainable) or unknown (unascertainable). Understanding the tax implications of these different types of considerations is crucial

A significant tax relief opportunity awaits commercial property owners, promising to lower future tax liabilities or even generate tax refunds for the past two years. Surprisingly, over £1 billion worth of capital allowance claims remain unclaimed. Identifying these qualifying assets

The UK tax system is notoriously complicated but understanding specific loopholes can save you a significant amount of money. Here are some strategies to consider before potential changes by the government might close these tax-saving avenues. (Read Time: Approx. 6