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 »
HMRC has now confirmed the official rollout date for the next phase of Making Tax Digital for Income Tax Self Assessment, and if you earn over £50,000 through self-employment or property, it’s time to prepare. With over 1.75 million taxpayers facing sweeping changes by 2028, this isn’t just an upgrade, it’s a complete overhaul of… Read more »
Crypto might feel like the future, but when it comes to tax, HMRC is already playing catch-up, and winning. With more individuals trading, mining, and earning in digital currencies, understanding the UK tax rules has never been more important. Whether you’re holding tokens or flipping altcoins, knowing the tax implications can save you a lot… Read more »
Striking the right balance between salary and dividends can make a considerable difference to your tax efficiency as a director. With the 2025/26 tax year ushering in several key changes, it’s essential to reassess your remuneration strategy to ensure you’re not leaving money on the table. (Read Time: Approx. 4 minutes) Topics Discussed: No One-Size-Fits-All… Read more »
What happens when the taxman gets it wrong? For many, HMRC represents the ultimate authority, but recent blunders reveal that even this government giant makes costly mistakes. From unjust fines to phantom tax debts and an unresponsive helpline system, the consequences for taxpayers can be overwhelming. We examine three distinct cases where HMRC’s systems and… Read more »
Trusts are often misunderstood. For many, they conjure images of secretive offshore accounts or the exclusive domain of the ultra-wealthy. The reality is more grounded, and more relevant. Trusts have been a cornerstone of estate planning for centuries, offering a legally robust framework to protect assets, maintain control, and significantly reduce tax liabilities. As more… Read more »
For properties, mortgage interest relief has been slashed, creating ‘artificial profits’ and causing personal tax bills to rise drastically, resulting in negative cash flow for investors of properties. Many are considering moving their properties into a limited company. It sounds like a clever move, but without the right tax structure, it can lead to unexpected… Read more »
