Many business owners assume that all assets shown on their business balance sheet automatically qualify for Business Property Relief (BPR) for inheritance tax (IHT) purposes. Unfortunately, that is not always the case. One of the most commonly overlooked issues is the...
Introduction When an individual sells their home, Private Residence Relief (PRR) can exempt all or part of the capital gain from Capital Gains Tax (CGT). A common misconception is that PRR is available only for periods during which the owner physically occupied the...
Foreign Capital Losses and UK Capital Gains – What UK Taxpayers Need to Know As international investment becomes increasingly common, many UK taxpayers hold overseas property, shares, investment funds, or other assets. A frequent question is whether a capital loss...
Selling a UK Residential Property? Be Aware of the 60-Day Capital Gains Tax (CGT) Reporting Rule If you sell or dispose of a UK residential property and Capital Gains Tax (CGT) is payable, you may be required to report the gain and make a payment to HMRC within 60...
As a business owner, navigating corporate regulations can sometimes feel like a maze of paperwork. However, a recent high-profile case serves as a stark reminder of why compliance, transparency, and strict adherence to director responsibilities are non-negotiable in...
The India–UK Free Trade Agreement (FTA)comes into force on 15 July 2026, marking a major milestone in strengthening trade and investment between the two countries. The agreement is expected to boost bilateral trade by £25.5 billion annually, creating significant...
