Tax News

What’s next for Inheritance Tax in the October Budget?


The countdown is on to 30 October and the Budget, which could bring big changes to Inheritance Tax (IHT). With ...

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Capital allowances for property owners explained


Capital allowances are a great way to reduce your tax liabilities by claiming deductions on certain property-related expenses. They allow ...

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How to protect your business from Kittel VAT risks


Taxpayers have a fundamental right to reclaim input tax, also referred to as input VAT. However, HMRC has the authority ...

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Labour pledges to avoid raising taxes ‘on working people’


As the Autumn Budget approaches, the Government has pledged that it will “make the tax system fairer” and avoid raising ...

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With Income Tax unlikely to change, is it worth altering your dividend-based salary strategy?


For business owners and directors, dividends may form a critical element of your salary strategy and tax planning, keeping your ...

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Fiscal drag and tax thresholds: What does it mean for you


As the Government seeks to plug certain gaps in the public purse, we are unlikely to see any change in ...

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How increasing property prices are catching more families in the Inheritance Tax net


Inheritance Tax (IHT) has become a growing concern for more and more families across the UK, particularly as rising house ...

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Cryptoasset disposals under scrutiny from HMRC


HMRC has begun to issue ‘nudge letters’ to cryptoasset owners who may have underpaid tax when selling their assets, urging ...

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Repeal of furnished holiday lettings tax regime – Last chance for capital allowance claims


The furnished holiday lettings (FHL) tax regime is set to be scrapped from April 2025, with draft legislation already on ...

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