Newsletter
Rental Income & Joint Ownership: The 50:50 Trap
When spouses or civil partners own an investment property together, the default "rule of thumb" is that the rental income is split 50:50 for tax purposes. However, a recent tax tribunal case (Moss v HMRC [2025]) serves as a stark reminder that this rule isn't...
Case Study: The “Generous Parent” Tax Trap
It is a common story: a family member wants to help a young entrepreneur get their business off the ground by financing a major purchase—like a van or specialized equipment. However, as one recent case illustrates, good intentions without proper tax planning can lead...
Planning Ahead: New Caps on Pension Salary Sacrifice (2029)
For many years, salary sacrifice has been one of the most tax-efficient ways to build a pension. However, following the latest Budget, a significant shift is on the horizon. From 6 April 2029, the National Insurance (NI) advantages of these arrangements will be...
Tax Update: Modernising Gift Holdover Relief in 2026
Succession planning is a cornerstone of long-term business strategy, and Gift Holdover Relief is often the engine that makes it possible. Following the recent Budget, the government has announced a "modernisation" of this relief set for 2026. While the term...
Business Asset Disposal Relief: When Does the Clock Start Ticking?
Business Asset Disposal Relief (BADR) remains one of the most valuable capital gains tax (CGT) reliefs available to individual business owners.
Changes in Taxes from April 2024
Changes to the High Income Child Benefit Charge The government announced the changes to the High Income Child Benefit Charge, and an increase to the threshold to £60,000 from 6 April 2024, with a taper up to £80,000. The charge will be 1% of the Child Benefit for...
Key Changes to Construction Industry Scheme (CIS) Regulations
We would like to inform you of significant upcoming changes to the Construction Industry Scheme (CIS) that will take effect from 6 April 2024. These changes aim to streamline processes and enhance compliance measures within the construction sector. Key Updates: 1....
Is a NEST Pension Right for You?
There are lots of positives in relation to NEST pensions, but that does not mean it is the best option for you. There are also some significant negatives. Whether NEST is a good option for you depends on your personal circumstance! So, what are some of the positives? ...
Understand Your Corporation Tax Rate
From 1 April 2023, the main rate of corporation tax increases to 25%, but companies with sufficiently small profits will continue to pay only 19%. Under the new rules The small profits rate of 19 % will apply if a company’s relevant profits (referred to as its...
Key Taxation Highlights – Spring Budget 2024
National Insurance Contributions (NICs) Reduction - Employee NICs rate cut from 10% to 8%, starting April 6, 2024 - Self-employed main rate Class 4 NICs reduced from 9% to 6% - Abolition of the Class 2 NIC requirement for the self-employed High-Income Child Benefit...