Inheritance Tax was once perceived as a concern primarily for the very wealthy. That perception is no longer accurate. With frozen thresholds and sustained growth in property values, a far broader segment of society now finds itself within scope. Recent figures demonstrate a clear upward trajectory in both HMRC investigations and tax receipts. The financial… Read more »
Buy to let investors are once again firmly on HMRC’s radar. We are seeing a noticeable rise in enquiries focused on repairs and renewals claims, particularly where substantial amounts have been deducted from rental income. At the same time, important changes to incorporation relief are on the horizon. If you own rental property, now is… Read more »
Selling online or flipping goods might feel like a hobby or side hustle. But HMRC uses a set of tests to judge whether what you are doing counts as trading for tax purposes. This can have big consequences on how much tax you pay, and how you report it to HMRC. By understanding the badges… Read more »
For landlords who have undisclosed rental income, the Let Property Campaign offers a structured opportunity to come forward, declare unpaid tax, and settle what’s owed, without facing the highest penalties or criminal proceedings. Since the campaign began in April 2025, HMRC has recovered around £570 million from residential landlords through voluntary disclosures, with £107 million collected in… Read more »
What happens when your business trip racks up air miles, then you use them for a family holiday? Many UK businesses rely on corporate cards to manage expenses, and with them come loyalty rewards. But when personal benefit creeps into the picture, HMRC might start paying attention. (Read Time: Approx. 5 minutes) Topics Discussed: When… Read more »
Many married landlords are paying more tax than they need to, simply because they don’t understand how property ownership affects rental income. Contrary to common belief, owning a rental property solely in one spouse’s name doesn’t mean they must declare all the rental income. HMRC provides a tax-efficient workaround that could significantly lower your household… Read more »
If HMRC is your top search on Google this month, you’re not alone. You are also likely on the verge of paying more tax than necessary. With the right advice, and a few timely steps, you can significantly reduce your January tax bill and avoid unnecessary stress. (Read Time: Approx. 5 minutes) Topics Discussed: Understand… Read more »
Leaving the UK can feel like a fresh start, but don’t be fooled in thinking it wipes the tax slate clean. From rental incomes to pensions, and from Dubai bank accounts to inheritance tax. HMRC’s reach extends far beyond British borders. Here is what you need to know before making that move. (Read Time: Approx…. Read more »
Following the budget, businesses are increasingly looking at ways to reward their team without attracting unnecessary tax burdens. Fortunately, HMRC offers several tax-free perks that allow employers to treat their staff while staying on the right side of the law. From Christmas parties to staff suggestion schemes, now is the perfect time to make use… Read more »
For those looking to pass wealth to the next generation while retaining some control, the two most common options are, Family Investment Control (FIC’s) and Trusts. But which one is more suitable for you? Or do you need both? With tax rules shifting and estate planning under increased scrutiny, getting the right structure in place… Read more »
