Recent changes to property taxation have increased the pressure on individual landlords. With further changes to property tax rates expected from April 2027, many landlords are reviewing whether holding rental properties personally or through a limited company remains...

When it comes to planning for the future, many younger savers are caught between competing priorities. Rising living costs, student debt and the challenge of buying a first home can make retirement savings feel like a distant concern. As a result, the Lifetime ISA...

How Higher Earners Can Reduce Their Tax Bill and Potentially Get It Back For the 2026/27 tax year, most UK taxpayers are entitled to a Personal Allowance of £12,570. However, once your adjusted net income exceeds £100,000, your Personal Allowance starts to reduce....

The Right to Work check is only one part of the onboarding process. To operate PAYE correctly, the employer should also obtain sufficient information to identify the employee and establish the correct tax treatment. A standard new employee payroll information pack...

What Employers Need to Collect Before Processing Payroll When a new employee joins a business, there are two important compliance processes that employers should complete before the first payroll is processed: Establish the employee's Right to Work in the UK; and...

The UK's new Foreign Income and Gains (FIG) regime, introduced from 6 April 2025, has fundamentally changed the operation of Overseas Workday Relief (OWR). While the relief has been simplified in several respects, a significant new restriction has been introduced that...

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...