Introduction Selling a residential property that has increased in value can trigger a Capital Gains Tax (CGT) liability. Although many landlords and property owners expect to incur tax liabilities, the calculation and reporting requirements are often more complex than expected. This is common if the property has been owned for several years, repair work has […]
Introduction Decision of the Court of First Instance in parking attendants [2026] TC 09868 provides a useful and practical reminder of how the UK’s Statutory Residence Test (SRT) can be applied when international travel is disrupted. This case considers the “transit” and “extraordinary circumstances” provisions in the SRT and will be of particular concern to […]
Investing is an act of optimism. In April, as the new financial year began, I saw them all over the placeboards: businesses that recruit, stock, and launch marketing campaigns. Every time I checkmy message, there is a story about how the business has been planting seeds for a yeargrowth. However, when June arrived, it was […]
Introduction The idea is indeed very interesting. You work online. Your clients are spread all over the world. Your laptop fits neatly in your backpack. So why stay in one place, especially somewhere with gray skies and a healthy appetite for income taxes? The modern “tax nomad” concept is built on this logic. Live internationally, […]
Could salary sacrifice changes reduce your pension? What do we need to know now? Small changes announced in the budget can have a big impact on future retirement savings. If you currently pay into your pension through a salary sacrifice arrangement or run a business that offers one, the proposed reforms mean the tax benefits […]
Landlords, listen up! If you’re a landlord, you probably read the Budget headlines the way most people read a horror novel, with slightly spread fingers. The latest plot twist? Planning to introduce higher income tax rates specifically for residential property gainsadds an additional two percentage points to any group you fall into April 2027. That […]
The 2026/27 tax year is now underway, and although many key tax rates have not changed, benefit freezes and reductions continue to pull more taxpayers into higher tax brackets. Here’s our overview. Personal tax rate Personal allowances and income tax thresholds remain frozen until April 2028: Personal allowance: £12,570 Basic rate limit:20% from £12,571 to […]
Case Study: Sorting a Complex Crypto Tax Refund Scenario Mr. A has been investing in crypto for several years and things are gradually progressing. What started as just buying and selling evolved into a much more complex portfolio, involving trading on multiple exchanges, moving coins between wallets, swapping tokens, and earning staking rewards. When the […]
Find out what our members are asking this month… I set up an LLP account for a partnership consisting of a husband and wife running a small business. For this example, let’s say I charge £2,000+VAT for the LLP account/partnership tax return, and £250+VAT per personal tax return to report the partnership’s share of profits. […]
Discover and solve the problems that are preventing many businesses from achieving their targets Every business owner wants to see one thing. They invest their time, money and energy into it. And they scour their numbers, looking for it: growth. We know that in business, “growth is the goal.” But there is a trap that […]
