Since the recent overhaul of the Inheritance Tax (IHT) rules, many people in the UK are wondering if giving away their assets while they are still alive will reduce the final IHT bill. The answer is somewhat complicated. Apart from IHT, which is the tax you pay on death, there is another capital tax, Capital […]
Category Archives: Tax Planning
HM Revenue & Customs, Personal Tax, Tax Advice, Tax Planning, Tax Tips
Are you ready for the IHT Overhaul?
03
Oct
Oct
It’s old news now that Rachel Reeves has long had her eyes on inheritance tax (IHT) as an area for reform. The announcements in the last Budget have sharpened the focus by removing reliefs for businesses, including farmers and bringing your pension savings into your Estate when you die. So, are you ready for the […]
Landlords, Personal Tax, Tax Planning, Tax Tips
Tax Tips for Landlords 2025 – Essential Guide to Saving Money and Staying Compliant
13
Aug
Aug
The 2025–26 tax year is a pivotal one for UK landlords. From a steeper Stamp Duty Land Tax (SDLT) surcharge to the end of the Furnished Holiday Let (FHL) regime, plus the looming rollout of Making Tax Digital (MTD), the landscape has shifted significantly. What’s more, the Renters’ Rights Bill promises to bring a raft […]
Personal Tax, Tax Advice, Tax Planning, Tax Tips
Thinking of Leaving the UK? Here’s What You Need to Know About The Tax Implications
25
Jun
Jun
There’s been growing interest among some in leaving the UK in recent months, particularly among higher earners and internationally mobile individuals. Following the removal of the long-standing “non-domicile” tax rules in the Budget last Autumn, headlines have speculated that many are packing their bags, whether for tax reasons or not. If you are thinking of […]
Corporation Tax, Tax Planning, Tax Tips
Salary vs Dividends: What’s the Best Way to Pay Yourself as a Business Owner now.
03
Jun
Jun
The long-standing question of whether to take income as a salary, dividends, or a mix of both has become more complex with recent tax changes introduced for the 2025–26 financial year. The changes announced in the Autumn Budget has now changed the mix a bit. So, what’s the best way to pay yourself as a […]
Corporation Tax, Employee Benefits, P11d, Tax Planning, Tax Tips, Uncategorized
Leasing v. Hire Purchase
28
May
May
Many businesses use vehicles, and as you begin to explore your options, two terms frequently arise: leasing and hire purchase. While they may sound similar, there are key differences between them, particularly regarding ownership, costs, and flexibility. So let’s explore the question Lease v. Hire Purchase. Leasing Leasing a car is similar to renting, but […]
capital gains tax, self employed, Tax Advice, Tax Planning, Tax Tips
Is it time to bring forward your exit plan?
21
May
May
Are you a shareholder in a small business? Do you have plans to sell or transfer your business? Is it time to bring forward your exit plan? Starting next tax year, small business owners and those eligible for Business Asset Disposal Relief (BADR) will experience increased tax rates. In fact, an increase already happened in […]
16
Apr
Apr
Tax often receives a negative perception, but it shouldn’t. It’s about understanding the tax rules and systems and using them to your best advantage. So, what do mean by tax planning? Business Tax Planning Effective tax planning is important for your business if you are aiming to maximise profits, ensure compliance, and prepare for sustainable […]
18
Mar
Mar
It wasn’t that long ago when we were discussing whether Inheritance Tax (IHT) would be abolished, how fortunes have changed. A few months into the Labour government we saw the complete opposite. During the Autumn Budget last October and the first one for Labour in as many years, it was confirmed that IHT would stay! […]
HM Revenue & Customs, Personal Tax, self employed, Tax Advice, Tax Planning, Tax Tips
Year-end tax planning
15
Jan
Jan
The end of the tax year is fast approaching, making it an ideal time to remind everyone about important steps for year-end tax planning. Before we proceed, let’s take a moment to review the changes that will be happening in the next couple of years. During the last Budget, a few changes were announced that […]