Understanding the Tax Implications of Joint Tenants vs Tenants in Common.
What are the pros and cons of being joint tenants vs tenants in common? The right choice is dependent on a variety of factors, such as...
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2 min read
Understanding Second Home Tax: What You Need to Know
Thinking of buying a second home but want to know if you have to pay second home tax? Look no further. Whether it’s a holiday home or a...
2 min read
What improvements are allowed for Capital Gains Tax (UK)?
Are you thinking about selling a capital asset – such as a home, investment property or even a piece of art – and not sure what...
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How do IR35 changes affect me?
The IR35 changes are came into force in April 2021. They were delayed by a year as a result of COVID-19. They affect you if you’re a...
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Do you pay tax on inherited money in the UK?
If you’ve recently inherited some money, you may be wondering: do you pay tax on inherited money in the UK? If the person who died left...
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What are the Inheritance Tax rates and allowances?
Inheritance Tax (IHT) is the tax paid on someone’s estate after they pass away. In the 2023/24 tax year, the standard IHT rate is 40%,...
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How to know if you’re a UK tax resident and need to pay tax here
The usual case If you are physically present in the UK for 183 days or more in a tax year, you will be tax resident in the UK for that...
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How to pay tax on your foreign income
If you live in the UK and have foreign income, you’ll usually have to pay UK tax on it. You do this by filing a Self Assessment tax...
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How to pay UK taxes when living abroad
Eager to leave the UK? Find out when and how to pay UK taxes if you’re on a one-way ticket to another country! Step number one is to let...
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eBay tax calculator
Do you sell products or used items on eBay? Use this calculator to work out the Income Tax and National Insurance you owe, as well as...
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Can salary sacrifice reduce tax?
Using salary sacrifice to reduce the tax you owe is a great hack to be more tax efficient. But how does it work and who actually wants to...
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Did the tax return threshold change for high-earners?
Unless you’re a keen fan of HMRC’s monthly agent update – cue tumbleweed – you may have missed their recent rule change that affects...
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The UK taxation impact of marriage and forming a civil partnership – Part one: Income tax
Love and tax part 1: Income tax Key points Couples can claim either the married couple’s allowance or the marriage allowance. These are...
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What costs qualify for R&D tax credits?
You can claim research and development (R&D) tax credits on revenue expenditure, i.e. day-to-day operational costs. But usually capital...
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What is R&D tax relief?
Corporation Tax and relief Corporation Tax (CT) is a tax that must be paid by all limited companies. It is paid against profits the...
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What is EIS (Enterprise Investment Scheme)?
Whether you’re looking to invest in a small business or you’re a small business owner, you may have heard of the Enterprise Investment...
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Spring Statement 2023
So here we are, the Spring Statement. It feels like just the other day when the Autumn Budget was announced and the Chancellors were...
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What to do if you lose your P60 or P45?
Did you lose your P60 or your P45? It actually happens quite often and is nothing to worry about. Here, we’ll discuss what these forms...
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When is the tax return deadline?
If you don’t know the tax return deadline, you must be new to the world of Self Assessment. If you’re not, then we assume you’re a...
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How to appeal an HMRC self assessment penalty
If you’ve received a penalty notice from HMRC, don’t worry (too much) because all is not lost! You can often appeal a Self Assessment...
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When do you need an accountant as an individual?
An accountant is someone who helps businesses and individuals to stay on top of their financial affairs. There’s a wide range of...
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Is there a crypto tax? (UK)
So, is there a crypto tax in the UK? Whilst cryptocurrency is a relatively new asset, the regulations surrounding it are still being...
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60% tax? What to do if you just started earning over £100,000
You’ve just been promoted, you’ve got a big commission from your sales. Maybe you got a bonus as a reward for your hard work? Or simply,...
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Let’s talk the Let Property Campaign
The Let Property Campaign is what HMRC describes as the “opportunity” (take that as you will) for landlords to disclose their rental...
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