14 Mar 2022 | Tax, Personal Tax
It may come as no surprise to learn that HM Revenue & Customs (HMRC) have started writing to those taxpayers who may have incorrectly completed the property pages on their tax return specifically in relation to the amount of tax relief that can be obtained on residential property finance costs.
22 Apr 2021 | Personal Tax, Property, Tax, Tax Planning
Breaking up can be hard to do especially with no tax costs! Divorcing is complicated in itself, let alone trying to navigate your tax position. When a marriage or civil partnership ends, tax is probably the last thing that the separating couples want to think about....
24 Mar 2021 | HMRC, Personal Tax, Property, Tax
On 23 March 2021, the UK government held its first-ever ‘Tax Day’ whereby it published a series of tax documents and consultations. It is all a part of a move to strengthen policymaking and to help create a more “trusted, simple and modern tax system”.
23 Feb 2021 | HMRC, Personal Tax, Tax
Did you know that you will be liable to a 5% penalty in addition to interest charges if your tax is paid more than 30 days late?
29 Jan 2021 | Tax Planning, Featured, Personal Tax, Tax
The UK tax year ends on 5 April and so February and March can provide a last-minute chance to save some tax with a bit of careful planning.
12 Jan 2021 | Inheritance tax, Personal Tax, Property, Tax
If you inherited a property that you then sold for less than the property was valued upon death, you could get a refund for the difference of the Inheritance Tax.