Tax
Increased tax on rental income: What does this mean for landlords and property investors?
Nov 05, 2026
The Chancellor has announced a four-percentage-point increase in the tax charged on property income, doubling the rise landlords previously expected. From April 2027, many property investors and landlords will face higher tax bills, particularly those who own assets in their own ...
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£936 million IHT paid in September: Why is it no longer a tax for the super-wealthy?
Oct 29, 2026
The Treasury reported a historic £936 million in Inheritance Tax (IHT) receipts for September – an increase of £265 million on the same month last year. The last record was set in June with a staggering £871 million, with September reflecting ...
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When is a gift exempt from Inheritance Tax? The seven-year rule explained
Oct 22, 2026
According to recent research, the amount of Inheritance Tax (IHT) paid on gifts rose by £13 million when compared to the previous year. Many people incorporate lifetime gifts to loved ones into their estate planning, with the goal of reducing their ...
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Can your children work in your family business?
Oct 15, 2026
For many SME owners, the day-to-day running of a business is varied and requires one person to juggle many responsibilities. From bookkeeping and business development to marketing and admin, SME owners can be scrambling to keep up. If your children have a ...
READ MOREMore than a million pensioners now pay higher rate tax – Here’s what it means for you
Sep 03, 2026
New figures have confirmed what many retirees are starting to feel in their bank statements. The number of pensioners paying income tax at 40 per cent or 45 per cent has surpassed one million this current tax year, up from just ...
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You don’t own the business, but do you still owe the tax? HMRC ‘failure to notify’ penalties following a share disposal
Aug 27, 2026
If you are a shareholder in a company you have little involvement in, you might not realise a share disposal can trigger Capital Gains Tax (CGT). Shares might have been put in your name decades ago by a parent or a ...
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Sole trader vs limited company for side hustles – Which is the most tax-efficient?
Aug 20, 2026
With many individuals starting a ‘side hustle’ to supplement their salary, setting up as a sole trader or limited company is the first big decision. Whether this is selling personalised jewellery on Etsy or re-selling clothes on Vinted, any gross income ...
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Why is keeping business and personal finances separate so important?
Aug 13, 2026
Where personal spending and business spending overlap, financial tracking can unnecessarily become a headache. A few transactions here and there might not seem like a huge deal at first, but the blurring of the lines between business and personal spending can ...
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Gift Aid and Inheritance Tax relief – How helping charities can help your own finances
Aug 04, 2026
The ongoing economic challenges that face individuals and businesses alike are placing a greater strain on charities. Many of the measures that can be taken by private enterprises to offset rising costs are unavailable to charities, as the end user of ...
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First Making Tax Digital deadline looms – 400,000 people still yet to register
Jul 30, 2026
Despite the first deadline for Making Tax Digital (MTD) for Income Tax arriving on 7 August, over 400,000 qualifying landlords and sole traders have still not signed up. The total number of those who are affected by this deadline is 864,000, ...
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