If you’ve been thinking about flipping houses in the UK to turn a quick profit, one question probably pops up immediately: do you need to pay Capital Gains Tax (CGT)? With the property market constantly evolving and house-flipping trending across social platforms, it’s no surprise many are exploring this income avenue. But the real issue […]
Have you ever wondered whether your charity can claim back VAT on the goods and services it purchases? This is a question many charitable organisations in the UK struggle with, often leading to confusion and missed opportunities for savings. VAT rules for charities differ from standard businesses, and while some goods may qualify for VAT […]
Have you received a message or email from HMRC saying you have a business tax account and wondered why? You’re not alone. Many business owners across the UK find themselves surprised to learn they already have one set up. Whether you’re self-employed, running a limited company or just registered a business for tax purposes, it’s […]
Are you a higher earner in the UK, wondering if you’re getting the full tax benefit from your pension contributions? Many people in your situation miss out on hundreds or even thousands each year, simply because they don’t realise there’s extra tax relief to claim. If you’re paying more than the basic rate of income […]
Have you recently retired and found yourself wondering whether you still need to complete a tax return? It’s a common question among pensioners in the UK, especially when income is no longer coming from a single employer but instead from a mix of state pension, private pensions, savings, or even rental income. The answer isn’t […]
Have you ever wondered if there’s a limit to the amount of money you can gift to your family members without facing tax consequences in the UK? Whether you’re helping a child buy their first home, contributing to a wedding, or simply giving during the festive season, understanding the UK’s tax rules on gifting is […]
Have you ever wondered what tax you pay when you sell a business in the UK? Whether you’re planning your exit strategy or responding to an unexpected opportunity, understanding the tax implications is crucial. Selling a business isn’t just about shaking hands and collecting a cheque, it’s a process that can come with significant tax […]
Have you ever wondered if your income level might qualify you for a reduction in your Council Tax bill? With the rising cost of living across the UK, many households are seeking relief through support schemes. One of the most important among them is the Council Tax Reduction (CTR) scheme. However, to benefit from it, […]
Imagine being able to earn more each month without worrying about tax eating into your income. Many people in the UK miss out on legitimate ways to maximise their earnings simply because they don’t understand how tax allowances work. If you’ve ever wondered how much you can earn before paying tax per month, you’re not […]
Moving house comes with a long to-do list, and one task that should never be overlooked is cancelling your council tax. Whether you’re renting or a homeowner, council tax is charged to the occupant of the property and must be managed carefully when you move. Failure to notify your local authority could result in overpaying […]