Increased tax on rental income: What does this mean for landlords and property investors?
The Chancellor has announced a four-percentage-point increase in the tax charged on property income, doubling the rise landlords previously expected.
Category Tax
How has the Autumn Budget changed my side hustle?
Side hustles come in all shapes and sizes, from selling clothes on Vinted to baking homemade goods and selling them in an honesty box.
£936 million IHT paid in September: Why is it no longer a tax for the super-wealthy?
The Treasury reported a historic £936 million in Inheritance Tax (IHT) receipts for September – an increase of £265 million on the same month last year.
Tis the most expensive season of the year: Understanding tax on side hustles ahead of the Christmas scramble
It is no secret that Christmas is an expensive time, from the cost of buying presents to the seemingly never-ending stream of food that needs to be bought.
When is a gift exempt from Inheritance Tax? The seven-year rule explained
According to recent research, the amount of Inheritance Tax (IHT) paid on gifts rose by £13 million when compared to the previous year.
Six months until MTD pulls in one million more taxpayers: What you need to do now
There are now six months until the scope for MTD for Income Tax opens up to sole traders and landlords earning over £30,000 ahead of 6 April 2027.
Andy Burnham unveils a £210 million package to regenerate high streets: The ‘punishing’ tax burden’s impact on the high street
In late September, Andy Burnham announced a £210 million cash injection into high street regeneration to convert vacant, derelict buildings into cafes and community hubs.
The most wonderful time of the year for tax savings: HMRC’s £150-a-head party exemption
As the winter months approach and the nights begin to roll in, many businesses start to plan and book their annual Christmas bash.
Following the latest Facebook fad? Did you know you need to pay tax on your cake shed?
While honesty boxes have long been a part of British culture, little sheds are popping up at the end of people’s front gardens that hold a mass of homemade cakes, brownies and sourdough bread.
Crypto investors have paid £1.38 billion in tax: Do you know what you need to pay?
HMRC sent over 65,000 warning letters to cryptocurrency investors over the last year due to a suspected underpayment of tax.