Helping children or grandchildren onto the property ladder by gifting property sounds like a generous, forward-thinking move. But without proper planning, you could end up facing avoidable tax liabilities. Whether it’s your home, a rental property, or an additional asset, here’s what you need to consider before making that gift. (Read Time: Approx. 5 minutes)… Read more »
For those with significant wealth, planning for inheritance tax is no longer optional. With increasing scrutiny from HMRC and rising estate values, more high-net-worth individuals are looking for effective ways to preserve family wealth. One solution gaining traction is the Family Investment Company: a tool that allows wealth transfer without relinquishing control. (Read Time: Approx…. Read more »
HMRC is stepping up its fight against tax evasion in a bold new way. Later this year, a reward scheme will be introduced to pay whistleblowers who report serious tax fraud. Inspired by successful models internationally, this move is expected to shake up how tax evaders are uncovered in the UK. (Read Time: Approx. 4… Read more »
Digital tax reporting is no longer a distant concern for landlords. It’s coming, and sooner than many expected. Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) will begin rolling out from April 2026, and with mandatory software, added costs, and new compliance pressures, landlords must start preparing now or risk being caught off… Read more »
Ever wondered what expenses you can legitimately deduct in your business? There’s a lot of confusion surrounding allowable expenses, but the core principle is surprisingly straightforward. It’s also absolutely critical if you want to stay compliant and tax efficient. In this blog, we explain what “wholly and exclusively” really means in the eyes of HMRC… Read more »
Deciding how to pay yourself as a company director has always been a key tax planning question. In the 2025/26 tax year, with frozen allowances and increased National Insurance rates, the choice between salary and dividends is more strategic than ever. We’ve broken down the most tax efficient approaches into two income brackets to help… Read more »
It’s no secret that divorce can be messy: emotionally, legally, and financially. But what if a hidden tax rule meant you ended up with a bill for income you never actually wanted? That’s exactly what happened in the recent Moss v HMRC case. If you’re separated and own property, this is one tax trap you… Read more »
With property values soaring and tax thresholds stuck in place, more families are stumbling into the inheritance tax (IHT) trap than ever before. It’s easy to see why resentment builds. After a lifetime of paying tax, the thought of losing another chunk of your estate to HMRC can feel like insult to injury. If you… Read more »
Inheritance tax is no longer a concern limited to the ultra-wealthy. As government policy tightens and thresholds remain frozen, families across the UK are urgently seeking effective ways to preserve wealth. Trusts have long been the default option, but a lesser-known alternative is gaining ground. Family Investment Companies (FICs) instead offer a compelling route that… Read more »
A new tax-saving opportunity has opened up for some limited company owners, and it’s both simple and remarkably effective. Following April 2025, the Employment Allowance has more than doubled. There’s a catch though; If you’re the sole person on your payroll, this significant benefit could pass you by entirely. However, with one small tweak to… Read more »
